LIC Guaranteed-Additions Endowment · Plan 890
LIC New Bima Jyoti (890) — Premium & Maturity Calculator
LIC New Bima Jyoti (Plan 890, UIN 512N395V01) is a guaranteed, non-linked savings plan: you get your Sum Assured plus Guaranteed Additions of 6% of your annual premium every year — fully guaranteed, not market-linked. Check your exact premium and maturity below using LIC’s own rate card.
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How New Bima Jyoti 890 works
It is the successor to the old Bima Jyoti (760). You pay premiums for a fixed term, your family is protected throughout, and on maturity you receive a guaranteed lump sum — with none of the uncertainty of bonus-based plans.
- Guaranteed Additions: 6% of your Total Annualized Premium accrues every year the policy is in force (buying online or for a high Sum Assured adds a further 1.25–1.5%).
- Maturity benefit: Basic Sum Assured + all accrued Guaranteed Additions.
- Death benefit: “Sum Assured on Death” plus accrued Guaranteed Additions (at least 105% of premiums paid).
- Policy term: 15 to 20 years; you pay for 5 years less than the term (Premium Paying Term 10–15).
- Minimum Sum Assured: Rs 1,25,000 (no upper limit).