LIC Bima Platinum (770) — Features & Benefits
LIC Bima Platinum (Plan 770, UIN 512N397V01) is a non-linked, guaranteed savings plan that pays you a regular guaranteed income after your paying years finish, plus guaranteed additions — with life cover throughout. Returns are fully guaranteed, not market-linked.
How Bima Platinum 770 works
You pay premiums for a limited number of years (the Premium Paying Term). After that, the policy pays you a guaranteed income every year until maturity, and a lump sum at the end — while your family stays protected the whole time.
- Guaranteed Additions: Rs 70 per Rs 1,000 of Sum Assured accrues every year the policy is in force — guaranteed, regardless of markets.
- Regular Income Benefit: a guaranteed income is paid every year during the payout period (which equals Policy Term minus Premium Paying Term).
- Booster Income Benefit: an additional guaranteed booster income on top of the regular income.
- Maturity benefit: “Sum Assured on Maturity” plus the accrued Guaranteed Additions, paid at the end of the term.
- Death benefit: a guaranteed sum to your family, at least 105% of the total premiums paid.
- Eligibility: entry age 18 to 55 years; a limited-premium, guaranteed (non-participating) plan.
Bima Platinum fits people who want a guaranteed, predictable income they cannot outlive market swings on — retirees, or anyone funding a fixed future expense. Like all guaranteed LIC income plans, the effective return works out to roughly 5–6% a year. For long-horizon growth, a term plan plus an index fund has historically built more; use Bima Platinum for the part of your money that must stay safe and pay a steady income.
Bima Platinum’s exact premium and income depend on your age, chosen term and paying term. For a precise quote, ask us or check with LIC — its full rate book is large and personalised.
Educational information, not individual advice. Features are from LIC’s official Plan 770 documents (2025); the exact income percentage, premium and guaranteed additions apply as per the policy schedule. Confirm figures with LIC or a licensed advisor before buying.