PolicyBros.in
Endowment PlansPlan 760NRI Eligible

LIC Bima Jyoti

Non-linked plan with guaranteed additions and flexible maturity payout

What is LIC Bima Jyoti?

LIC Bima Jyoti (Plan 760, UIN 512N339V03) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a non-participating plan with Guaranteed Additions: the additions accrue at rates fixed when you buy, so what you receive does not depend on LIC's yearly bonus declarations.

Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured on Death (125% of BSA at inception) + accrued guaranteed additions. On surviving the full term, the policyholder gets: Sum Assured + guaranteed additions (lump sum or installments).

It suits people looking for guaranteed returns, savings and retirement planning. NRIs can buy this plan too.

Key Highlights

Guaranteed additions, returns fixed from day one
Choose lump sum or installment maturity payout
Limited premium paying term
No market risk

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured on Death (125% of BSA at inception) + accrued guaranteed additions

When the Plan Matures (Maturity Benefit)

Sum Assured + guaranteed additions (lump sum or installments)

Eligibility & Details

Minimum Entry Age0 years (last birthday)
Maximum Entry Age60 years
Minimum Sum Assured₹1,25,000
Policy Term15, 16, 17, 18, 19, 20 years
Premium Paying Term10, 11, 12, 13, 14, 15 years
Bonus Typeguaranteed
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age10 years13 years15 years
20 yrs₹1,23,600₹96,350₹85,350
30 yrs₹1,24,000₹96,900₹86,000
40 yrs₹1,26,100₹99,400₹88,900
50 yrs₹1,32,750₹1,06,700₹96,850

VERIFIED from official LIC Sales Brochure (Modified Bima Jyoti, 512N339V03, 23-10-24). Tabular annual premiums per ₹10 lakh BSA, back-solved exactly from the brochure samples (sample payable = tabular x 0.98 - ₹6,000 high-BSA rebate; every cell resolves to a round tabular rate, cross-checked against the benefit illustration's ₹79,309 at age 35). Non-par, GA ₹50 per ₹1,000 BSA per year. PT 15-20, PPT = PT - 5, entry 30 days to 60, min BSA ₹1,25,000. Online sale rebate: 7.5% (PPT 10-14) / 10% (PPT 15) on tabular. Previous table was unsourced and wrong (5L base, invented terms and rates).

Source: LIC Official Sales Brochure | Data last verified: 4 July 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 13-year term:

Annual Premium

₹96,900

Total Paid (13 yrs)

₹12,59,700

Est. Bonuses

₹5,85,000

Est. Maturity

₹15,85,000

That's approximately 1.3x of what you paid in premiums.

Who is This Plan Best For?

guaranteed returnssavingsretirement planning

Frequently Asked Questions

What is LIC Bima Jyoti (Plan 760)?

LIC Bima Jyoti is a endowment plans plan from Life Insurance Corporation of India. Non-linked plan with guaranteed additions and flexible maturity payout.

What is the eligibility age for LIC Bima Jyoti?

Entry age is between 0 and 60 years. Policy term: 15 to 20 years. Premium paying term: 10 to 15 years.

What is the minimum sum assured for LIC Bima Jyoti?

Minimum sum assured is ₹1,25,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Bima Jyoti?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Bima Jyoti available for NRIs?

Yes. LIC Bima Jyoti is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Bima Jyoti?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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