Plan 179 Actuarion Engine 2026

LIC Bima Gold (Plan 179) Money-Back & Returns Calculator

Model LIC's special money-back plan featuring loyalty additions and an auto-cover facility that maintains active protection even if premiums are temporarily delayed.

Money-Back Survival Benefits paid every 4 or 5 years

Extended Auto-Cover: Cover continues even if premium is delayed

Loyalty Additions paid on maturity or death

Premium refund option under specific terms

Tax rebates under Sections 80C and 10(10D)

LIC Bima Gold Inputs

LIC Bima Gold (Plan 179) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹2,00,000

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

3. Policy Coverage Term (Years)16 Years

Premium Payment Frequency

Plan 179

Estimated Maturity Returns

₹2,24,400

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:₹575

Renewal Premium (Year 2+):₹562

Total Estimated Premiums Paid:₹9,005

Basic Sum Assured:₹2,00,000

Accumulated Endowment Bonuses:₹1,34,400

Total Survival Money-Back Payouts:₹1,20,000

Estimated Net Maturity Benefit:₹2,24,400

Returns Performance38.25x Return

Guide to LIC Bima Gold Plan (Plan 179)

LIC's Bima Gold (Plan 179) was launched to commemorate LIC's golden jubilee. It is a participating money-back plan where survival benefits are paid at regular intervals. A key highlight is the Auto-Cover feature, which keeps the life cover fully active for up to 2 years even if the premium payment is missed, provided at least 2 full years of premiums have been paid.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	14 Years
Maximum Entry Age	49 Years (Term 20), 57 Years (Term 12)
Minimum Sum Assured	₹50,000
Maximum Sum Assured	No Limit
Policy Terms Available	12, 16, or 20 Years
Survival Benefits	15% of SA paid at regular intervals depending on term

Tax Benefits & Payout Options

Premiums qualify for Section 80C tax benefits. The survival cashbacks and maturity payouts are completely tax-exempt under Section 10(10D).

Frequently Asked Questions (FAQs)

What survival benefits are paid under the 20-year term?

For a 20-year policy term, 15% of the Sum Assured is paid at the end of the 4th, 8th, 12th, and 16th years. The remaining 40% of the Sum Assured is returned at maturity along with Loyalty Additions.

What is the Auto-Cover facility in Bima Gold?

If you have paid premiums for at least 2 full years, the life cover continues for 2 years from the date of the first unpaid premium, protecting the nominee in case of death during this grace period.

Are premiums refunded in Bima Gold?

On maturity, the policyholder receives the final survival benefit plus Loyalty Additions. The total survival benefits paid out equal 100% of the Sum Assured.

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