Plan No. 860
Table No. 860 : Bima Jyoti Plan
Product Info & Benefits:
- Bima Jyoti is a life Limited Premium Payment, Non-Linked, Non-Participating, Individual & Life Insurance Savings Plan.
- This is ideal plan for those who want to pay the premium for a shorter period
- The customer gets the tax-free maturity under this plan which includes the guaranteed addition along with Sum Assured
- This plan has an option of choosing the Accidental Life cover, Disability Benefit, Critical illness Rider & New Term Assurance Rider.
- This plan also has the option of taking the Maturity proceeds in installments as the policy-holder can choose the no of year as 5, 10 or 15.
- Similarly, the policyholder also has the option of choosing the death benefit in installments
- LIC also offers the discount in the premium in case the mode of payment is Yearly.
- The loan is also available to the policyholder after the completion of 1 year of the policy
| Eligibility Criteria | |||
|---|---|---|---|
| Min. | Max. | ||
| Age | 90 Days (completed) at Entry 18 Years (Completed) at Maturity |
60 Years (Nearer Birthday) at Entry 75 Years (Nearer Birthday) at Maturity | |
| Basic Sum Assured | Rs. 1,00,000 | No Limit | |
| Policy Term | 15 Years | 20 Years | |
| Premium Paying Term (PPT) | 10 Years | 15 Years | |
| Riders | Accidental Life Cover Rider Disability Benefit Rider Critical Illness Rider New Term Assurance Rider |
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