Life Insurance Corporation has introduced a new plan, Bima Jyoti, which is a non-linked, non-participating, individual, savings plan offering a combination of protection and savings.
It provides a guaranteed lump sum payment on maturity and financial support to the family in case of untimely death of the policyholder during the policy-term.
Guaranteed additions at the rate of Rs 50 per thousand basic sum assured will be added to the policy at the end of each policy year.
1 December 2025
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The minimum basic sum assured is Rs 1 lakh with no upper limit and the policy can be taken for 15 to 20 years by a 90-day-old child to those under 60, LIC said.
