Plan 860 Actuarion Engine 2026

LIC Bima Jyoti (Plan 860) Premium & Returns Calculator

Model LIC's non-linked, individual savings plan. Features guaranteed additions of ₹50 per ₹1,000 Sum Assured added to your policy at the end of every year.

High Guaranteed Additions: ₹50 per ₹1,000 Sum Assured added annually

Savings-Oriented Plan: Fixed addition rate ensures predictable returns

Limited Premium Payment: PPT is 5 years shorter than policy term

Rider Options: Accidental Death, Disability, and Term riders

Sovereign Tax Shield benefits u/s 80C and 10(10D)

LIC Bima Jyoti Inputs

LIC Bima Jyoti (Plan 860) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹5,00,000

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

3. Policy Coverage Term (Years)15 Years

Premium Payment Frequency

Plan 860

Estimated Maturity Returns

₹9,00,000

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:₹2,247

Renewal Premium (Year 2+):₹2,198

Total Estimated Premiums Paid:₹22,029

Basic Sum Assured:₹5,00,000

Accumulated Guaranteed Additions:₹3,75,000

Estimated Net Maturity Benefit:₹9,00,000

Returns Performance40.86x Return

Guide to LIC Bima Jyoti Plan (Plan 860)

LIC's Bima Jyoti (Plan 860) is a non-linked, non-participating, individual life assurance savings plan. It offers a combination of protection and savings. A key feature is the high rate of Guaranteed Additions: ₹50 per ₹1,000 of Basic Sum Assured is added to the policy at the end of each policy year throughout the policy term. This makes it an ideal option for investors seeking guaranteed, predictable growth.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	18 Years (Adult) / 90 Days (Child)
Maximum Entry Age	60 Years
Maximum Maturity Age	75 Years
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	No Limit (in multiples of ₹25,000)
Policy Term Range	15 to 20 Years

Tax Benefits & Payout Options

Premiums qualify for Section 80C tax deductions. Maturity proceeds and death benefits are tax-free under Section 10(10D), subject to basic guidelines.

Frequently Asked Questions (FAQs)

How are Guaranteed Additions calculated in Bima Jyoti?

Guaranteed Additions accumulate at a fixed rate of ₹50 per ₹1,000 of Basic Sum Assured at the end of each policy year. For example, on a ₹10 Lakh Sum Assured, ₹50,000 is added to the policy value every year.

What is the Premium Paying Term (PPT) for Bima Jyoti?

The PPT is policy term minus 5 years. For a 15-year term, you pay premiums for 10 years. For a 20-year term, you pay for 15 years.

Can I buy this policy for a newborn child?

Yes, the minimum entry age is 90 days, making it a great tool to build a secure education fund.

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Bangalore, Karnataka

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