Bhima Jyothi Policy 860 – LIC Bharosa

LIC Of India has launched a non-linked, non-participating, individual savings plan – Bhima Jyothi Policy 860.

LIC Bima Jyoti (Plan No.860) is non-linked plan which offers an attractive combination of protection and savings. Under this policy, Guaranteed additions shall accrue at the rate of rs.50 per 1000/- basic sum assured at the end of the each policy year throughout the policy term.

Premium Payments Mode

Monthly (ECS), Quarterly, Half Yearly and Yearly

Term / Duration

15-10 Years
16-11 Years
17-12 Years
18-13 Years
19-14 Years
20-15 Years

Minimum Entry Age

3 Years ( Near Birthday ) for term 15
2 Years ( Near Birthday ) for term 16
1 Years ( Near Birthday ) for term 17
0 Years ( Near Birthday ) for term 18
0 Years ( Near Birthday ) for term 19
0 Years ( Near Birthday ) for term 20

Maximum Entry Age

60 Years ( Near Birthday) for term 15
59 Years ( Near Birthday ) for term 16
58 Years ( Near Birthday ) for term 17
57 Years ( Near Birthday ) for term 18
56 Years ( Near Birthday) for term 19
55 Years ( Near Birthday ) for term 20

Minimum Maturity Age:
18 Years ( Completed )

Maximum Maturity Age

75 Years ( Near Bithday )

Minimum Sum Assured

1, 00,000 (multiple of 25,000 thereafer)

Maximum Sum Assured

No Limit (Depending upon your income)

Guaranteed Addition:
Rs: 50/- per 1000/- Sum Assured throughout the policy term

Loan

Loan Facility is Available under this plan.

Income Tax Benefit

Tax Rebate under Section 80C

Survival Benefits:
SA on Maturity + GA
*SA on Maturity* = Basic Sum Assured

New Term Assurance Rider Available
New Critical illness Benefit Rider Available
Premium Waiver Benefit Rider Available