Bima Jyoti

Bima Jyoti is a life Limited Premium Payment, Non-Linked, Non-Participating, Individual & Life Insurance Savings Plan.

• This plan is suitable for individuals seeking a shorter premium payment period.
• The customer receives tax-free maturity benefits under this plan, including guaranteed additions and the Sum Assured.
• This plan offers optional features such as Accidental Life cover, Disability Benefit, Critical Illness Rider, and New Term Assurance Rider.
• Policyholders have the flexibility to receive the maturity proceeds in installments, choosing a duration of 5, 10, or 15 years.
• Similarly, the policyholder can opt for death benefits to be paid in installments.
• LIC provides premium discounts for yearly mode of payment.
• After the completion of 1 year of the policy, the policyholder becomes eligible for a loan.