LIC Bima Jyoti (Plan 860) is a non-participating, non-linked savings plan that combines financial protection with guaranteed returns. Here's a breakdown of its key features and benefits:

Key Features:

  • Policy type: Non-participating, Non-linked Savings Plan
  • Minimum age at entry: 18 years
  • Maximum age at entry: 65 years
  • Policy term: 15 years to 35 years
  • Premium payment term: Limited premium payment option (shorter than the policy term)
  • Minimum sum assured: Rs.50,000
  • Maximum sum assured: Rs.25 lakh


  • Death benefit: 125% of the sum assured + guaranteed additions are payable to the nominee/beneficiary if the policyholder dies during the policy term.
  • Maturity benefit: The sum assured + guaranteed additions are payable to the policyholder on policy maturity.
  • Guaranteed additions: Rs.50 per thousand sum assured are added every year throughout the policy term, effectively doubling the invested amount in most cases.
  • Loan facility: Available after two years of premium payment.
  • Surrender benefit: Available after two years of premium payment.
  • Tax benefits: Premiums paid qualify for tax deductions under Section 80C of the Income Tax Act. Maturity and death benefits are tax-free under Section 10(10D) of the Act.

Things to consider:

  • Bima Jyoti is a long-term investment. Make sure you can afford the premiums for the entire policy term.
  • Returns are not guaranteed, unlike participating plans.
  • There are surrender charges if you surrender the policy before maturity.
  • Compare it to other similar plans before making a decision.

Additional Resources:

I hope this information helps! Feel free to ask if you have any further questions about LIC Bima Jyoti or need help comparing it with other plans.