LIC Bima Jyoti 760 full details

Insurance is one of the most important financial instruments for securing your family’s future. LIC of India has been a trusted name in life insurance, and LIC Bima Jyoti 760 is one of their most popular endowment policies aimed at providing long-term financial security with guaranteed returns.

This plan is especially suitable for individuals seeking affordable life coverage with a combination of savings and protection. In this post, we will cover all aspects of LIC Bima Jyoti 760 including features, benefits, eligibility, premium details, detailed examples, FAQs, tips, and how to buy online.

What is LIC Bima Jyoti 760?

LIC Bima Jyoti 760 is a non-linked, with-profits endowment plan. This means it not only offers life coverage but also allows you to accumulate bonuses over the policy term. It is designed for individuals seeking long-term financial stability without complicated investment mechanisms.

• Combines protection + savings
• Affordable premiums suitable for low to middle-income families
• Guaranteed maturity benefit along with bonuses
• Death benefit ensures family is financially secure

Key Features of LIC Bima Jyoti 760

• Life Coverage: Financial protection in case of untimely death
• Maturity Benefits: Sum Assured + Vested Reversionary Bonus + Final Additional Bonus
• Policy Term: 10 – 20 years
• Premium Paying Term: Equal to policy term
• Affordable Premiums: Designed for low to middle-income families
• Loan Facility: Available after 3 years
• Tax Benefits: Section 80C deduction and Section 10(10D) exemption
• Flexible Options: Policyholders can choose policy term and sum assured according to their needs

Eligibility Criteria

Benefits of LIC Bima Jyoti 760

Death Benefit

Nominee receives Sum Assured + bonuses in case of policyholder’s death during policy term, ensuring financial security for family members.

Maturity Benefit

On policy maturity, policyholder receives: Sum Assured + Vested Simple Reversionary Bonus + Final Additional Bonus (if any). This acts as a disciplined savings plan while providing protection.

Loan Against Policy

Policyholders can avail loan facility after 3 years of commencement. This is helpful in emergencies without surrendering the policy.

Bonuses

• Simple Reversionary Bonus declared annually by LIC
• Final Additional Bonus (FAB) payable at maturity if applicable
• Bonuses add to long-term wealth creation

Premium Illustration

Optional Features / Riders

• Accidental Death Benefit Rider – Extra sum assured on accidental death
• Critical Illness Rider – Lump sum on diagnosis of critical illness
• Premium Waiver Rider – Waives future premiums in case of disability
• These riders provide extra protection and peace of mind

Who Should Buy LIC Bima Jyoti 760?

• Individuals seeking long-term financial security
• Low to middle-income families wanting affordable coverage
• First-time insurance buyers wanting safe and simple plan
• Those who want disciplined savings with guaranteed returns

How to Buy LIC Bima Jyoti 760 Online

Please note: You can buy online LIC Bima Jyoti 760 through credit card/debit card, net banking, UPI, and wallets on LIC's New Business Platform.

1. Visit LIC eSales portal
2. Select Bima Jyoti 760 plan
3. Fill personal and nominee details
4. Choose sum assured and policy term
5. Make online payment
6. Receive policy document via email or post

Advantages of LIC Bima Jyoti 760

• Guaranteed savings + protection
• Flexible premium options
• Loan facility for emergencies
• Tax benefits under Section 80C
• Simple and trusted LIC brand
• Long-term wealth creation with low risk

Example – LIC Bima Jyoti 760

Scenario 1: Maturity Benefit

Scenario 2: Death Benefit

FAQs about LIC Bima Jyoti 760

• Q: Can I pay premiums monthly?
  A: Yes, LIC offers monthly, quarterly, half-yearly, or yearly premium options.
• Q: Can the policy be surrendered?
  A: Yes, surrender value is available after 3 years.
• Q: Are bonuses guaranteed?
  A: Reversionary Bonuses depend on LIC's declared profits, but maturity sum assured is guaranteed.
• Q: Can I take loan on this policy?
  A: Yes, after 3 years of policy commencement.

Tips for Policyholders

• Pay premiums on time to maintain policy benefits
• Update nominee details regularly
• Consider riders for enhanced protection
• Review your sum assured according to inflation and family needs

Comparison with Other LIC Plans

Additional Information

• Policy Revival: Within 2 years of first unpaid premium
• Suicide Clause: 80% of premium refunded if within 12 months
• Cooling-Off Period: 30 days
• Assignments/Nominations: Allowed
• Policyholder can opt for higher sum assured for better coverage

Conclusion

LIC Bima Jyoti 760 is a safe, simple, and affordable endowment plan suitable for individuals seeking long-term savings and life protection. With guaranteed maturity, bonuses, loan facility, optional riders, and flexible premium options, it offers financial stability and peace of mind for your family’s future.

Also read thease:

• LIC New Endowment Plan 714 – Features & Benefits
• LIC Arogya Rakshak 906 – Health Insurance Explained
• LIC Jeevan Anand Plan – Long-term Life Cover