Who it suits
People who want guaranteed, non-market-linked growth.
LIC plans / Endowment Plans
Endowment Plans
New Plan no. 890 UIN 512N395V01
LIC’s New Bima Jyoti
Non-par · Non-linked · Savings
Savings plan with guaranteed additions (see brochure for exact rates and terms).
See the official brochure for the exact benefit formula.Sum assured
Plan highlights
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Guaranteed additions
- No market-linked risk
How it works
Pay premiums for the chosen term; the plan adds guaranteed amounts and pays a maturity benefit.
At a glance
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 890 |
| UIN | 512N395V01 |
| Category | Endowment Plans |
| Plan type | Non-par · Non-linked · Savings |
| Sum assured | See the official brochure for the exact benefit formula. |
Important details
Policy conditions that apply to most LIC plans
Know the conditions, not just the headline.
Grace period
30 days for yearly, half-yearly and quarterly premiums; 15 days for monthly. Cover continues during this time.
Free look
30 days from receiving the policy document to return it if you do not agree with the terms.
Revival
A lapsed policy can usually be revived within 5 years of the first unpaid premium, with arrears, interest and proof of good health.
Surrender, paid-up and loan
A loan is available within surrender value after the first policy year (one full year’s premium paid); guaranteed surrender value needs two full years’ premiums.
Suicide within 12 months
If it happens within 12 months of the start of cover, the nominee receives 80% of premiums paid (policy in force).
Section 45
After three years a policy cannot be questioned except for proven fraud.
Quick answers
Questions families ask
Who is this plan for?
People who want guaranteed, non-market-linked growth.
What sum assured can I choose?
See the official brochure for the exact benefit formula.
Will the amounts always be paid exactly as shown here?
This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.
Want this explained in plain words?
Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.
This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.