Bima Jyoti (Plan 860)

LIC Bima Jyoti (860) is a non-participating limited premium payment plan with guaranteed additions instead of variable bonuses. You know exactly what you will receive at maturity — ₹50 per ₹1000 SA every year, accumulated and paid at maturity.

Minimum entry age is 1 years and maximum entry age is 60 years.

No! From September 22, 2025, GST on all individual LIC policies including Bima Jyoti is 0%. Earlier, endowment plans had 4.5% GST and term plans had 18% GST. This saves you significantly — for example, ₹10L SA endowment saves ₹2,688/yr.

Use our free LIC Calculator on this site. Select Plan 860, enter your age, sum assured and policy term — get instant accurate premium using LIC official tabular rates. The calculator includes all rebates and 2025-26 bonus slabs.

Surrender is available after 3 full years of premium payment. You receive the higher of Guaranteed Surrender Value (30%-90% of premiums paid) or Special Surrender Value. However, surrendering early results in significant loss. Consider a policy loan at 10% instead.

You need: (1) Identity proof — Aadhaar/PAN/Passport, (2) Address proof — Aadhaar/Utility bill, (3) Age proof — Birth certificate/School certificate, (4) Income proof for high SA — Salary slip/ITR, (5) Passport-size photographs, (6) Filled proposal form from LIC branch or online.