LIC Bima Jothi Plan-760 Features, Eligibility, Premium Calculator

LIC Bima Jothi Plan-760 is a unique combination of protection and savings, tailored to provide financial security for your loved ones and a guaranteed corpus for your future goals.

This non-linked, non-participating life assurance savings plan ensures that your investment is safe from market fluctuations while offering attractive benefits like guaranteed additions.

Key Highlights of LIC Bima Jothi Plan-760

1. Guaranteed Additions: Earn ₹50 per ₹1,000 Basic Sum Assured annually, added to your policy every year.
2. Flexible Terms: Choose a policy term of 15 to 20 years, with a premium payment term 5 years shorter than the policy term.
3. Liquidity: Access loans during the policy term to meet urgent financial needs.
4. Dual Benefits: Combines life insurance coverage with savings for long-term financial goals.
5. Tax Benefits: Eligible for deductions under Section 80C and tax-free maturity under Section 10(10D) of the Income Tax Act.

Benefits of LIC Bima Jothi Plan-760

1. Death Benefit

• Before Risk Commencement: Refund of premiums paid (excluding taxes and extra premiums).
• After Risk Commencement: Higher of:
  • 125% of the Basic Sum Assured, or
  • 7 times the annualized premium,
    plus accrued Guaranteed Additions.
• Minimum payout is 105% of total premiums paid.

2. Maturity Benefit

At the end of the policy term, the policyholder receives the Basic Sum Assured along with the accrued Guaranteed Additions.

3. Loan Facility

• Avail loans up to 90% of the surrender value for in-force policies.
• Up to 80% for paid-up policies.

4. Surrender Value

• Guaranteed Surrender Value is higher than the Special Surrender Value.
• Can surrender after paying at least two years’ premiums.

Eligibility Criteria

Feature	Details
Minimum Entry Age	90 days
Maximum Entry Age	60 years
Policy Term	15 to 20 years
Premium Payment Term	Policy term minus 5 years
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	No limit

Example of Benefits

Age	Policy Term	Sum Assured	Annual Premium	Guaranteed Additions (End of Term)	Maturity Value
30	20 years	₹10,00,000	₹77,790	₹10,00,000	₹20,00,000

Riders Available

Enhance your coverage with these optional riders:

1. Accidental Death and Disability Benefit Rider
2. Accident Benefit Rider
3. New Term Assurance Rider
4. Critical Illness Benefit Rider
5. Premium Waiver Benefit Rider

Settlement Options

Choose to receive maturity or death benefits in installments over 5, 10, or 15 years instead of a lump sum.

• Minimum installment amounts: ₹5,000 (monthly), ₹15,000 (quarterly), ₹25,000 (half-yearly), ₹50,000 (yearly).

How to Apply for LIC Bima Jothi Plan-760?

1. Visit the LIC website or contact the nearest branch office.
2. Select your policy term, sum assured, and premium payment mode.
3. Submit necessary documents like ID proof, age proof, and address proof.
4. Pay the first premium to activate your policy.

FAQs on LIC Bima Jothi Plan-760

1. Who should buy LIC Bima Jyoti?

Individuals seeking a combination of life insurance and guaranteed savings for long-term goals.

2. What is the minimum premium for this policy?

The premium depends on the sum assured and policy term, starting from ₹1,00,000 Basic Sum Assured.

3. Can I surrender my policy early?

Yes, after paying premiums for at least two years.

4. Are the returns guaranteed?

Yes, guaranteed additions of ₹50 per ₹1,000 Basic Sum Assured are added annually.

5. Is the loan facility available?

Yes, you can borrow up to 90% of the surrender value for in-force policies.

Conclusion

LIC Bima Jothi Plan-760 is an excellent choice for individuals looking for secure, guaranteed returns along with life insurance coverage. With features like guaranteed additions, flexibility in policy terms, and liquidity through loans, this plan caters to both protection and savings needs. Secure your financial future and provide for your loved ones with LIC Bima Jyoti today!