Bima Jyothi - Vision India Insurance


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A non-participating, non-linked savings plan called provides both savings and protection. In the tragic event of the policyholder’s passing during the policy’s term, the plan offers financial stability to the policyholder’s loved ones. If the policyholder lives to see their policy’s maturity, they are also guaranteed a payoff. The policy roughly doubles the money invested and guarantees additions, maximising the policyholder’s savings.

The LIC Bima Jyoti Plan provides guaranteed additions on top of the secured rewards, making it an appropriate investment in India for cautious investors. You would receive an additional Rs. 1 crore through assured additions if you deposit Rs. 1 crore in LIC Bima Jyoti. If all premiums have been paid, the final amount of Rs. 2 crores will be paid to you without any danger.

Choose this plan to Avail Tax Benefit on premium paid Tax Free Maturity Amount Guaranteed Addition Every Year

Combination of insurance and savings: The plan provides both life insurance coverage and the opportunity to save money.

Sum Assured: The policyholder can choose the sum assured, which is the minimum amount payable in case of death or maturity of the policy.

Policy Term: The policy term ranges from 12 to 25 years.

Premium Payment Term: The premium payment term is equal to the policy term, and the policyholder can choose to pay premiums either annually, semi-annually, quarterly or monthly.

Bonus: The policy accumulates bonuses, which are declared by LIC from time to time, and are added to the sum assured.

Maturity Benefit: The policyholder receives the sum assured along with the bonuses on the maturity of the policy.

Death Benefit: In case of death of the policyholder during the policy term, the nominee receives the sum assured along with the bonuses.

Tax Benefits: Premiums paid for the policy are eligible for tax benefits under section 80C of the Income Tax Act.

Loan Facility: The policyholder can avail of a loan against the policy after it has acquired a surrender value.

Surrender Value: The policy can be surrendered anytime after the completion of 3 full years, and a surrender value will be payable.


              Minimum          Maximum
Basic Sum Assured ₹ 100000 No Limit
(The Basic Sum Assured shall be in multiples of Rs 5000/-)
Entry Age in years  8 years Completed  55 (Nearer Birthday)
Maturity Age in Years                      –    75 (Nearer Birthday)
Policy Term in Years          12     35
Payment ModesYearly / Half yearly / Quarterly / Monthly / Monthly(ECS)
and through salary deducations(SSS)

Sum Assured shall be available in multiples of ₹ 5,000/-


Term Rider Conditions:

Basic Sum Assured₹ 1,00,000₹ 25,00,000
Entry Age in years18 years Completed60 (Nearer Birthday)
Maturity Age in Years75 (Nearer Birthday)
Policy Term in Years1235
Payment ModesYearly/Half yearly /Quarterly / Monthly
  • Accidental Death and Disability Benefit Rider
  • Accidental Benefit Rider
  • New Term Assurance Rider
  • New Critical Illness Benefit Rider
  • Premium Waiver Benefit Rider

Grace Period:  Payment of annual, biannual, or quarterly premiums has a grace period of 30 days, while monthly premium payments have a grace period of 15 days from the due date. The policy will expire if the premium is not paid by the grace period’s deadline.

Freelook Period: There is an option to return the insurance to the firm if the policyholder is dissatisfied with the policy’s features, benefits, and terms and conditions. If you purchased the policy offline, you have 15 days from the receipt date to do this, and you have 30 days if you did it online.

Surrender Benefit: After keeping the insurance for two years in a row, this plan offers the option of relinquishing the policy at any time. In certain circumstances, the insurer pays the higher of the special surrender value or the guaranteed surrender value as the surrender value.

Revival: If the premiums are not paid during the grace period, the coverage expires. The opportunity to reinstate a lapsed policy is offered by LIC Bima Jyoti within 5 consecutive years. Only before the maturity date can it be renewed.

Paid-Up Value: The policy’s benefits will end if fewer than two years’ worth of premiums have been paid and any upcoming payment is not paid. The risk cover will remain active if payments for at least two years have been paid, however, the insurance will now be paid up.

Tax Benefits: According to the current tax rules, the Government of India or any other constitutional body of India must pay statutory taxes on insurance plans. The tax rates could alter occasionally. Sections 80C and 10(10D) of the Income Tax Act allow for tax exemptions.



Basic Sum Assured Rebates (in Rs.)
1 lac to 1,95,000 Nil 
2 lacs to 4,95,0001.50 % to Basic Sum Assured 
5 lacs and 9,95,0002.50% to Basic Sum Assured 
Above 10 lacs 3,00 % to Basic Sum Assured 


So, What you are waiting for ? Fill your details to select the Plan.

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