LIC Bima Jyoti: Earn 18 Lakhs In 15 Years By Investing 10,000 Rupees Monthly For 10 Years

The Life Insurance Corporation of India ( LIC ) is the largest government insurance company in the country, offering a variety of insurance and investment plans. One such plan is LIC's Bima Jyoti, which combines investment benefits with insurance protection. Here’s a closer look at the benefits of this plan.

Benefits of LIC Bima Jyoti Plan

LIC's Bima Jyoti plan offers both savings and insurance benefits. In the event of the policyholder's death during the policy term, the nominee receives 125% of the basic deposit or seven times the annual premium. Upon the policy's maturity, the policyholder is awarded guaranteed additions along with the basic sum assured.

Investment Details

If you invest Rs 10,000 every month for 10 years in this scheme, you will receive Rs 17.9 lakh after 15 years, according to the LIC premium calculator. Over the 10-year investment period, you will have invested a total of Rs 12 lakh. After 15 years, your investment will grow to Rs 17.9 lakh, yielding an annual return of about 7.5%.

Eligibility for LIC Bima Jyoti

Any Indian citizen aged between 90 days and 60 years can invest in the LIC Bima Jyoti plan. The plan offers a minimum assured sum of Rs 1 lakh, with no maximum limit.