LIC New Bima Jyoti (Plan 890 / 860) Calculator & Guaranteed Additions
Non-linked guaranteed growth endowment plan. Guaranteed Additions of ₹50 per ₹1,000 Sum Assured added every policy year, with short premium payment terms (PPT = Term - 5).
Policy Parameters
Live ReactiveSovereign Guaranteed Additions Matrix
₹50 is credited per ₹1,000 Sum Assured every policy year into your policy account:
Year-by-Year Guaranteed Growth & Risk Cover
Complete ScheduleLIC New Bima Jyoti (890 / 860) Frequently Asked Questions
Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.
1How do Guaranteed Additions work in LIC Bima Jyoti (890)?
Guaranteed Additions of ₹50 per ₹1,000 Basic Sum Assured are accrued at the end of each policy year throughout the entire policy term, provided the policy is in full force. These additions are 100% guaranteed by the Government of India sovereign guarantee.
2What is the Premium Paying Term (PPT) in Bima Jyoti?
The PPT is always 5 years less than the chosen Policy Term (PPT = Term - 5). For example, for a 20-year term, you only pay premiums for 15 years.
3What is the eligible entry age for children and adults?
The minimum entry age is 90 days, and the maximum entry age is 60 years. The maximum maturity age is 75 years.
4Is the maturity payout tax-free?
Yes, full maturity sum assured plus accrued guaranteed additions are 100% exempt from income tax under Section 10(10D).
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.