LIC’s Bima Ratna Policy 864



I am
born on (DD/MM/YYYY)
My Source of income is

Please enter Date Of Birth of life to be assured, select income source and click on CALCULATE PREMIUM.

POLICY VALUE (Sum Assured)
Guaranteed Moneybacks before Maturity:
1. Money Back: 25% of Sum Assured on th Yearlic bonus
2. Money Back: 25% of Sum Assured on th Yearlic bonus+
Maturity on th Year :
3. Guaranteed 50% of Sum Assuredlic bonus+
Guaranteed addtions on Maturity on th Year :
4. From 1st to 5 th year Guaranteed Additions @ 5%lic bonus+
5. From 6th to 10 th year Guaranteed Additions @ 5.5%lic bonus+
6. From 11 th year onwords Guaranteed Additions @ 6%lic bonus+
BENEFIT 1: Total (TAX FREE) Returns received = 1 + 2 + 3 + 4 + 5 + 6 lics jeevan anand 915
BENEFIT 2 :Aproximate Loan availability after 2 yearsloan on lic policy
On death before plan maturity (th year) :
1. On death before maturity: Guaranteed life insurancelic bonus
2. If accidental death: DAB paidlic bonus+
3.Guaranteed AdditionsBuy lic plan online+
Total payable to nominee = 1 + 2 + 3 (Tax Free):Lic Maturity Amount
*Note:Guaranteed Additions shall accrue at the end of the each Policy Year. In case of death under an in-force policy, the Guaranteed Addition in the year of death shall be for full policy year.
To accrue guaratneed addtions, Policy should be active. If the premiums are not duly paid, the Guaranteed Additions shall cease to accrue under a policy.
Death benefits illustration is calculated assuming death of life assured occurs before a year of maturity.

How do you want to Pay to start policy Now?

    • Buy Now

      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total

    • YEARLY

    • Save 2%

    • Save 1%

    • Buy Now

      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total




Note:For Monthly mode of premium payment, 2 months premium have to be paid initially. eNACH (Auto deduction from your bank) setup is mandatory.

Secure options to Pay by Credit Card | Debit Card | Net Banking | UPI conveniently
lic premium payment options
Your data transactions are secure with SSL certificate, payments through RBI approved PCI-DSS certified payment gateways on LIC's digital portal
lic premium payment optionsWhy you should buy LIC plans?   LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956)


Guaranteed high returns investment and Life Insurance  plan in INDIA.

Guaranteed Additions on maturity/Death Claim

In the times when "Bank Interest Rates" are going down day by day, LIC is offering "TAX FREE GUARATNEED RETURNS" along with LIFE COVER". Isn't it  amazing and attractive ?

Policy Year:

Guaranteed Additions

From 1st to 5th:5%
From 6th to 10th:5.5%
From 11th to 25th:6%

Guaranteed Additions shall accrue at the end of the each Policy Year at the rate as specified above.
In case of death under an in-force policy, the Guaranteed Addition in the year of death shall be for full year in addition to Sum Assured you have chosen (Policy Value) of Bima Ratna Policy
If the premiums are not duly paid, the Guaranteed Additions shall cease to accrue under a policy.

Benefits / USP of LIC BIMA RATNA Online

a)Short Term Premium Payment:Premium paying term you can chose is 11 years for a policy Maturity term of 15 years. While it is 16 years for policy maturity term 20 years and 21 years for policy Maturity term  25 years.
b)Guaranteed Maturity Benefit:Policy holder gets Guaranteed sum assured with Guaranteed assured additions @ Maturity in Bima Ratna and is given after a few years after premium payment stops. For 11 years premium paying policy, you get maturity returns at 15th year. In 16 years at 21 years and 16 years policy at 25 years. Policyholders enjoy life cover until maturity without any premium payment.
c)Tax Benefit:Bima Ratna helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C.The claims or maturity amount received is also tax free under 10(10D) that almost saves you 10# to 30% on maturity amount which is huge saving.
d)Riders:You can choose Accidental Rider which is most commonly opted along with Bima Ratna For a nominal premium, get double your Basic Sum Assured. Example if you are Policy Value is 1000000 you can can opt for maximum 1000000 Accidental Rider (ADDB-Accidental Death and Disability). In case of death due to accident, immediately ADDB amount of 100000 is paid in addition to normal policy benefit of 1000000.

Eligibility Conditions for LIC Bima Ratna Online

a)Minimum Basic Sum Assured:Rs. 5,00,000
b)Maximum Basic Sum Assured:No limit
c)Policy Term:15 years, 20 years and 25 years
d)Premium Paying Term:11 years for 16 years Term16 years for 20 years Term 21 years for 25 years Term
e)Minimum Age at entry:5 years (Completed) for Policy Term 15 years,90 days (Completed) for Policy Term 20 & 25 years.
f)Maximum Age at Entry:55 years (Age Nearer Birthday) for Policy Term 15 years,
50 years (Age Nearer Birthday) for Policy Term 20 years,
45 years (Age Nearer Birthday) for Policy Term 25 years
g)Maximum Age at Maturity:75 years

FAQs about LIC BIMA RATNA Online

Who can buy BIMA RATNA?

LIC Bima Ratna plan 864, as the name suggests offers higher guaranteed returns compared to other plans. If you are looking for a good investment cum insurance plan, with short term premium payment, then LIC BIMA RATNA 864is the plan for you. Best suited plans for Software Engineers, Doctors, professionals and self Employed etc..

Do I pay the premium Monthly or Annually?

LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.

How can I save Income Tax with this plan?

All premiums paid towards your LIC BIMA RATNA policy is considered for Income Tax saving under Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.

When is the best time to start investing in LIC Bima Ratna?

Now is the best time!! Ideally one should start with tax saving LIC BIMA RATNA policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement, Save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.

When should I start LIC Bima Ratna in the Financial Year for Tax Saving?

Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.

Are the Guaranteed maturity benefits or returns from LIC Bima Ratna Tax free?

All returns or proceeds including bonus, sum assured or surrender value from LIC Bima Ratna plan are TAX FREE under Income Tax Act 10(10D)

The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.

Policyholder can avail loan on policy after 3 successful years of premium payment.

Your LIC policy bond will be issued after acceptance of your online proposal.

Bonus added to your policy at the end of every financial year and paid on maturity along with sum assured.

Why buy LIC BIMA RATNA  Online?