Endowment PlansPlan 881NRI Eligible

LIC Bima Lakshmi

Name: LIC Bima Lakshmi
Brand: Life Insurance Corporation of India
Availability: InStock

Exclusively for women. Savings with guaranteed additions

What is LIC Bima Lakshmi?

LIC Bima Lakshmi (Plan 881, UIN 512N389V01) is an endowment (savings plus protection) plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.

Premiums are paid through the policy term, in yearly, half-yearly, quarterly or monthly mode. If the policyholder dies during the term, the nominee receives: Sum Assured + bonuses. On surviving the full term, the policyholder gets: Sum Assured + bonuses (after survival payouts). Along the way: Periodic survival benefits during the policy.

It suits people looking for women, periodic income and savings. NRIs can buy this plan too.

Key Highlights

Exclusively for women

Periodic money back during policy

Launched October 2025

Sum assured up to ₹5 lakh

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + bonuses

When the Plan Matures (Maturity Benefit)

Sum Assured + bonuses (after survival payouts)

Money You Get During the Plan (Survival Benefit)

Periodic survival benefits during the policy

Eligibility & Details

Minimum Entry Age	18 years (completed)
Maximum Entry Age	60 years
Minimum Sum Assured	₹50,000
Maximum Sum Assured	₹5,00,000
Policy Term	10, 15, 20 years
Premium Paying Term	10, 15, 20 years
Bonus Type	simple reversionary
Risk Level	low
NRI Eligible	Yes

Tax Benefits

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

Premium Rates (Indicative)

Age	7 years	10 years	12 years	15 years
20 yrs	₹31,200	₹21,800	₹18,200	₹14,600
30 yrs	₹31,500	₹22,100	₹18,500	₹14,900
40 yrs	₹32,800	₹23,200	₹19,600	₹16,000
50 yrs	₹35,500	₹25,800	₹22,000	₹18,500

VERIFIED from official LIC Sales Brochure. Exclusively for women. PT 25 years, PPT 7-15 years. GA: 7% of total tabular annual premium. Option A (50% BSA lumpsum at end of PPT). Non-par, guaranteed additions.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

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

Annual Premium

₹1,10,500

Total Paid (10 yrs)

₹11,05,000

Est. Bonuses

₹4,50,000

Est. Maturity

₹14,50,000

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

Maturity Benefit Illustration

Estimated

What you pay vs what you could receive (conservative estimate with assumed bonus rate of ~Rs.48-60 per Rs.1,000 SA per year)

Age 25157% return

You Pay: 5.53 L

You Get: 8.70 L

Age 30156% return

You Pay: 5.59 L

You Get: 8.70 L

Age 35150% return

You Pay: 5.79 L

You Get: 8.70 L

Age 40145% return

You Pay: 6.00 L

You Get: 8.70 L

Entry Age	Annual Premium	Total You Pay	Est. Maturity	Return
25 yrs	₹36,875	5.53 L	8.70 L	157%
30 yrs	₹37,250	5.59 L	8.70 L	156%
35 yrs	₹38,625	5.79 L	8.70 L	150%
40 yrs	₹40,000	6.00 L	8.70 L	145%

Sum Assured: ₹5,00,000 | Term: 15years | Bonus assumption: ~Rs.48-60 per Rs.1,000 SA per year (conservative). Actual maturity depends on LIC's declared bonus rates. This is for illustration only. Please consult your insurance advisor for accurate projections.

A Worked Example

Age 35, ₹2 lakh sum assured, 15-year premium paying term, Option B

Here is exactly what a 35-year-old buyer of LIC Bima Lakshmi would pay and receive, based on the official LIC sales material.

You pay

₹2,931/month

Total over 15 years: ₹3,47,500

You get back

₹10,18,400

Net gain: ₹6,70,900 over 24 years

₹15,000 every 2 years

12 payouts during the policy. Total survival benefit: ₹1,80,000

Guaranteed maturity: ₹8,38,400

100% tax-free under Section 10(10D)

Life cover: ₹3,51,000

Paid to nominee if something happens during the policy term

Net of taxes. Survival benefit paid every alternate year from the 2nd year. Guaranteed maturity is 100% tax-free under Section 10(10D).

Source: LIC Bima Lakshmi (Plan 881) sales brochure. Premium, payouts, and maturity are illustrative; actual values depend on age, underwriting, and bonus declarations.

Who is This Plan Best For?

womenperiodic incomesavings

Frequently Asked Questions

What is LIC Bima Lakshmi (Plan 881)?

LIC Bima Lakshmi is a endowment plans plan from Life Insurance Corporation of India. Exclusively for women. Savings with guaranteed additions.

What is the eligibility age for LIC Bima Lakshmi?

Entry age is between 18 and 60 years. Policy term: 10 to 20 years. Premium paying term: 10 to 20 years.

What is the minimum sum assured for LIC Bima Lakshmi?

Minimum sum assured is ₹50,000. Maximum: ₹5,00,000.

What are the tax benefits of LIC Bima Lakshmi?

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

Is LIC Bima Lakshmi available for NRIs?

Yes. LIC Bima Lakshmi 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 Lakshmi?

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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