LIC Bima Jyoti 860
Maturity Calculator
LIC Bima Jyoti 860 Maturity Calculator helps policyholders estimate the maturity benefits and guaranteed additions they will receive at the end of their policy term. Users can quickly find out the expected maturity amount by entering details such as sum assured, age, and policy term.Â
LIC Bima Jyoti Plan Summery
LIC’s Bima Jyoti Plan - Eligibility
- Min. Entry Age:Â 3 Years for 15 years Term
               2 Years for 16 years Term
               1 Years for 17 years Term
               0 Years for 18 years Term
               0 Years for 19 years Term
               0 Years for 20 years Term
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- Max. Entry Age: Â 60 Years for 15 years Term.
               59 Years for 16 years Term.
               58 Years for 17 years Term.
               57 Years for 18 years Term.
               58 Years for 19 years Term.
               59 Years for 20 years Term.
                   60 Years for 20 years Term
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- Policy Term (Premium Paying Term): 15 (10) Years, 16 (11) Years, 17 (12) Years, 18 (13) Years, 19 (14) Years and 20 (15) Years.                           Â
- Min. Basic Sum Assured:Â Rs. 1,00,000/-
- Max. Basic Sum Assured:Â No Limit.
- Maximum Age at Maturity:Â 75 years.
- Premium Payment Options:Â Yearly, Half-yearly, Quarterly & Monthly.
- Accidental Death & Disability Benefit Rider: Available on payment of extra premium.
LIC’s Bima Jyoti Plan - Benefits
- On Death: Sum Assured, where sum assured on death:
     125% of Basic Sum Assured or 7 times of Annualized Premium, whichever is higher.
- On Survival: Sum Assured +Guaranteed Addition (GA) @ Rs. 50 per thousand of Sum Assured.
- Surrendered Value: The Policy can be surrendered after completion of minimum of two full years of premiums been paid.
- Loan: Loan Facility is available only after payment of premiums for at least two years.
- Income Tax Benefit: Premium paid under this plan is eligible for tax rebate under section 80c. and maturity benefits is free under Sec 10(10D).