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BIMA JOYTI

LIC's BIMA JOYTI (PLAN NO. 860)

KEY FEATURES OF BIMA JOYTI

  • This is an insurance cum guaranteed benefit investment plan
  • Guaranteed Additions @ Rs. 50 per 1,000 Sum Assured is added every year
  • Term Rider Benefit Available
  • Double Accident Rider Available.
  • PWB Rider is also available in this plan for minors.
  • Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,,000 and Maturity is also Tax Free under section 10(10D)).
  • Loan and Surrender Facility Available.

Maturity Benefit

On Life Assured surviving the stipulated Date of Maturity provided the policy is in-force, “Sum Assured on Maturity”
along with Guaranteed Additions, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.

Death CLAIM Benefit

(i) On death during the policy term before the date of commencement of risk.
Return of premiums paid excluding taxes, extra premium and rider premium(s), if any.
(ii) On death during the policy term after the date of commencement of risk
“Sum Assured on Death” and Accrued Guaranteed Additions. Where “Sum Assured on Death” is defined as higher
of 125% of Basic Sum Assured or 7 times of annualised premium
Death Benefit as mentioned in A(ii) above shall not be less than 105% of the total Premiums paid (excluding any extra
premium, any rider premium(s) and taxes) up to the date of death.