Pays the rider SA on accidental death; on permanent disability, pays the SA in monthly instalments over 10 years and waives all future premiums.
Tick to add this rider — base premium stays unchanged until selected.
Calculators LIC plans Endowment
LIC Bima Jyoti · Plan 860
Non-par endowment — guaranteed addition of ₹50/₹1,000 SA.
Asymmetrica · LIC plan report
LIC Bima Jyoti · Plan 860
Generated 28 May 2026
In short
LIC Bima Jyoti (Plan 860) is a non-participating endowment that pays a contractually guaranteed addition of ₹50 per ₹1,000 basic sum assured per year — no bonus uncertainty, no LIC board approval required. For a 30-year-old buying ₹5 lakh sum assured for 20 years (PPT 15), the maturity is a guaranteed ₹10 lakh (2× the sum assured). The trade-off: the floor is absolutely certain, but there is no upside if LIC's with-profits fund performs well.
Default scenario at a glance
Numbers below are computed from the latest declared guaranteed addition rate (₹50/1000 SA/yr) for a 30-year-old buying ₹5 lakh sum assured for 18 years (PPT 13). Use the calculator below to change any input.
- Annual premium
- ₹58,000
- Total premiums (over PPT)
- ₹7,54,000
- Maturity value i
- ₹9,50,000
- Implicit XIRR i
- 1.9%
- Net gain over premiums
- ₹1,96,000
- Final additional bonus (FAB) i
- ₹0
All figures above use LIC's last declared bonus and FAB rates. Bonus rates are reviewed by LIC each year and are not guaranteed for the future — your actual maturity payout may be higher or lower.
Want to verify the XIRR against your actual premium dates? Enter your premiums in the XIRR calculator →
Year-by-year projection (18 years) — show table
| Year | Cumulative premiums | Vested bonus | Death benefit (if claim this year) |
|---|---|---|---|
| 1 | ₹58,000 | ₹25,000 | ₹5,25,000 |
| 2 | ₹1,16,000 | ₹50,000 | ₹5,50,000 |
| 3 | ₹1,74,000 | ₹75,000 | ₹5,75,000 |
| 4 | ₹2,32,000 | ₹1,00,000 | ₹6,00,000 |
| 5 | ₹2,90,000 | ₹1,25,000 | ₹6,25,000 |
| 6 | ₹3,48,000 | ₹1,50,000 | ₹6,50,000 |
| 7 | ₹4,06,000 | ₹1,75,000 | ₹6,75,000 |
| 8 | ₹4,64,000 | ₹2,00,000 | ₹7,00,000 |
| 9 | ₹5,22,000 | ₹2,25,000 | ₹7,25,000 |
| 10 | ₹5,80,000 | ₹2,50,000 | ₹7,50,000 |
| 11 | ₹6,38,000 | ₹2,75,000 | ₹7,75,000 |
| 12 | ₹6,96,000 | ₹3,00,000 | ₹8,00,000 |
| 13 | ₹7,54,000 | ₹3,25,000 | ₹8,25,000 |
| 14 | ₹7,54,000 | ₹3,50,000 | ₹8,50,000 |
| 15 | ₹7,54,000 | ₹3,75,000 | ₹8,75,000 |
| 16 | ₹7,54,000 | ₹4,00,000 | ₹9,00,000 |
| 17 | ₹7,54,000 | ₹4,25,000 | ₹9,25,000 |
| 18 | ₹7,54,000 | ₹4,50,000 | ₹9,50,000 |
Run the numbers
Premium, maturity, and the year-by-year cash value at the latest declared bonus rate. Toggle the 3-scenario view to see a pessimistic / base / optimistic spread.
Assumptions
- Age
- 30 yrs
- Sum assured
- ₹5,00,000
- Policy term
- 18 yrs
- Premium-paying term
- 13 yrs
- Premium frequency
- yearly
- Guaranteed addition
- ₹50/₹1,000 BSA/yr (contractual)
yrs
₹
Policy term
Premium paying term
Premium frequency
Maturity at year 18
₹9,50,000
GA ₹50/₹1,000 BSA/yr (guaranteed)
Base annual premium
₹58,000
GST-free since 22 Sep 2025
Total paid (over 13 yrs)
₹7,54,000
Implicit XIRR
1.92%
Lower than NIFTY 50; that's expected.
Net gain
₹1,96,000
Guaranteed Addition of ₹50/₹1,000 BSA/yr is contractually fixed — not subject to LIC's annual bonus declaration. Maturity amount is guaranteed on day one.
Optional Riders
Add-ons that increase cover for an extra annual premium—capped at 30% of the base premium. You can pick either ADDB or AB, not both.
0 / 6 active +₹0/yr
Pays the rider SA in lump sum on accidental death within 180 days. Death-only — no disability cover.
Tick to add this rider — base premium stays unchanged until selected.
Adds pure term life cover for a nominal premium. Inception-only — cannot be bolted on later.
Tick to add this rider — base premium stays unchanged until selected.
Waives all future base-policy premiums on death of the proposer. Designed for child plans (proposer = parent, life assured = minor).
Tick to add this rider — base premium stays unchanged until selected.
Lump sum payout on diagnosis of any covered critical illness. Choose between a 15-illness or 40-illness option. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
For female policyholders only. Covers female-specific illnesses, pregnancy complications and congenital anomalies in the child. Inception-only.
Tick to add this rider — base premium stays unchanged until selected.
Year-by-year cash value (illustrative) What does this mean?
| Year | Total paid | Estimated cash value |
|---|---|---|
| 1 | ₹58,000 | ₹25,000 |
| 2 | ₹1,16,000 | ₹50,000 |
| 3 | ₹1,74,000 | ₹75,000 |
| 4 | ₹2,32,000 | ₹1,00,000 |
| 5 | ₹2,90,000 | ₹1,25,000 |
| 6 | ₹3,48,000 | ₹1,50,000 |
| 7 | ₹4,06,000 | ₹1,75,000 |
| 8 | ₹4,64,000 | ₹2,00,000 |
| 9 | ₹5,22,000 | ₹2,25,000 |
| 10 | ₹5,80,000 | ₹2,50,000 |
| 11 | ₹6,38,000 | ₹2,75,000 |
| 12 | ₹6,96,000 | ₹3,00,000 |
| 13 | ₹7,54,000 | ₹3,25,000 |
| 14 | ₹7,54,000 | ₹3,50,000 |
| 15 | ₹7,54,000 | ₹3,75,000 |
| 16 | ₹7,54,000 | ₹4,00,000 |
| 17 | ₹7,54,000 | ₹4,25,000 |
| 18 | ₹7,54,000 | ₹9,50,000 |
Our take
Should you buy Bima Jyoti?
Bima Jyoti occupies a specific niche: buyers who want the certainty of a guaranteed outcome rather than the higher-but-variable returns of a participating plan. The guaranteed addition of ₹50 per ₹1,000 BSA per year effectively doubles the sum assured over a 20-year term — a simple, predictable outcome. The plan also features a limited-pay structure (PPT = term − 5), so premiums stop 5 years before maturity. For risk-averse buyers who distrust the subjectivity of LIC's annual bonus declarations, this plan offers the same structural shell as a traditional endowment but with a contractually fixed return.
- The ₹50/₹1,000 BSA/yr guaranteed addition is contractual — not subject to LIC's board approval each year. You know the exact maturity amount on day one.
- Over a 20-year term, the guaranteed additions alone equal the original sum assured — so the minimum maturity is 2× BSA, regardless of LIC's financial performance.
- The XIRR, while guaranteed, is roughly 4.5–5.5% — similar to or slightly below a well-run participating plan in its base scenario but without the downside risk.
- No participating bonus means no upside. If LIC declares above-trend SRB in future years, Bima Jyoti holders do not benefit at all.
- PPT = term − 5 (e.g., 15-year PPT for a 20-year policy) reduces the annual payment burden and provides a 5-year premium-free tail.
- Min SA is ₹1.25 lakh — lower than the ₹2 lakh floor on most participating plans, making it accessible for smaller ticket sizes.
Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.
Deep dives
More on Bima Jyoti
-
Full review
Who it works for, who it doesn't, what tends to go wrong over the term, and how our take compares with other reviewers.
-
Surrender value
Year-by-year GSV vs SSV table for the default scenario, with plan-specific notes on when exiting actually breaks even.
-
Tax treatment
§80C eligibility, §10(10D) maturity exemption, the 10× SA rule, and how each clause applies to a typical buyer of this plan.
Plan reference
Eligibility & limits
- Category
- Endowment
- UIN / plan number
- 860
- Plan status
- Active for sale
- Snapshot date
- 26 Apr 2026
Entry age, term and sum-assured bands are on the official plan page; we'll mirror them here once the per-plan facts are extracted.
Paid-up value
Stop premiums after at least 2 full years and the policy stays in force as a paid-up policy at a reduced sum assured. Already-vested bonuses are preserved; no new bonuses accrue.
Policy loan
Once the policy has a surrender value (typically year 3), you can borrow up to 90% of it from LIC at the prevailing policy-loan rate — short-term liquidity without giving up the policy's bonuses.
Sources
Last updated · site changelog