Plan 841 Actuarion Engine 2026

LIC Bima Diamond (Plan 841) Premium & Returns Calculator

Model LIC's special money-back plan launched for its diamond jubilee. Offers regular money-back payouts, loyalty additions, and extended auto-cover protection.

Survival Money-Back: 15% of Sum Assured paid in multiple intervals

Auto-Cover Benefit: Life cover remains active during premium grace

Loyalty Additions paid upon maturity or death claim

Limited premium payment terms (PPT shorter than policy term)

Section 80C and 10(10D) tax compliance

LIC Bima Diamond Inputs

LIC Bima Diamond (Plan 841) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹3,00,000

2. Age of Proposer/Insured (Years)30 Years Old

3. Policy Coverage Term (Years)20 Years

Premium Payment Frequency

Plan 841

Estimated Maturity Returns

₹5,67,000

Estimated returns payout at policy maturity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

$First Year Premium:₹690

Renewal Premium (Year 2+):₹675

Total Estimated Premiums Paid:₹13,515

Basic Sum Assured:₹3,00,000

Accumulated Endowment Bonuses:₹2,52,000

Estimated Net Maturity Benefit:₹5,67,000

Returns Performance41.95x Return

Guide to LIC Bima Diamond Plan (Plan 841)

LIC's Bima Diamond (Plan 841) was launched during LIC's Diamond Jubilee year. It is a non-linked, participating money-back plan. It provides periodic payouts of 15% of the Sum Assured, alongside a robust life cover. The policy also features an Auto-Cover benefit where risk cover continues even if premiums are temporarily delayed, plus Loyalty Additions upon maturity.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	14 Years
Maximum Entry Age	45 Years (Term 24), 50 Years (Term 16)
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	₹5,00,000 (across all Bima Diamond policies)
Policy Terms Available	16, 20, or 24 Years
Premium Paying Term	10 Years (Term 16), 12 Years (Term 20), 15 Years (Term 24)

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. Maturity proceeds and survival money-back benefits are tax-free under Section 10(10D).

Frequently Asked Questions (FAQs)

How are money-back payouts distributed in Bima Diamond?

For a 16-year term, 15% of SA is paid at the end of the 4th, 8th, and 12th years. For a 20-year term, 15% is paid at the end of the 4th, 8th, 12th, and 16th years. For a 24-year term, 15% is paid at the end of the 4th, 8th, 12th, 16th, and 20th years.

What is the Auto-Cover period for Bima Diamond?

If you have paid premiums for at least 2 full years, you get a 1-year Auto-Cover period. If you have paid for 5 or more years, you get a 2-year Auto-Cover period where life cover remains active despite unpaid premiums.

What is paid on maturity?

On surviving the term, you receive the remaining 55% of the Sum Assured (Term 16) or 40% (Terms 20 & 24) plus accumulated Loyalty Additions.

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Ahmedabad, Gujarat

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Bangalore, Karnataka

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