Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Home Life InsuranceLICLIC Bima Jyoti

LIC Bima Jyoti Plan Life Insurance

Rate This
LIC Bima Jyoti
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

About LIC Bima Jyoti Plan Life Insurance

LIC Bima Jyoti is a non-participating, individual, and non-linked savings plan that will shield you and your family. During any mishaps, such as accidents or the demise of the policyholder, the plan offers financial protection. Apart from this, guaranteed additions are also paid to the insured if they survive the maturity period. Therefore, the insured can also plan their long-term objectives, including their children's education, buying a house, and others, with the savings benefits offered under this plan.

Read More

Key Inclusions and Exclusions of the Plan

What's Not Included

  • Under LIC Bima Jyoti, the insurance company does not compensate any claim amount in case the policyholder commits suicide within 12 months of the commencement of the plan. However, the policyholder is entitled to receive 80% of the total premium paid, excluding any taxes, riders' benefits, and others mentioned in the policy document. Only those policyholders who are over the age of 8 are qualified to receive the aforementioned return amount in a suicide case. Apart from this, the insurance companies are not liable to pay anything if the policy lapses without acquiring paid-up value.

Life Insurance Corporation of India (LIC of India) Plan List

    Name of PlanSum Assured
    LIC Jeevan Umang20 lac - 10 cr Get Quotes Now
    LIC SIIP20 lac - 10 cr Get Quotes Now
    LIC Jeevan Anand20 lac - 10 cr Get Quotes Now
    LIC Jeevan Labh20 lac - 10 cr Get Quotes Now

    Claim Process at Life Insurance Corporation of India (LIC of India)

    • 1

      Claim Intimation

      In the event of the death of the life assured, the insurance company should be intimated as early as possible.
    • 2

      Submission of Documents

      For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
    • 3

      Claim Evaluation

      After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

    Buy Insurance Plans - Compare & Save Big*

    View All Insurance Companies

    FAQs on LIC Bima Jyoti Health Insurance Plan

    • What documents will be required to claim LIC Bima Jyoti Plan?

      You shall submit the duly filled claim form along with the original policy document, proof of death, medical reports and invoices for the treatment, and a certificate of the profession. In order to file a claim, the nominees must inform LIC of the death in writing within 90 days at the company’s corporate office.

       

    • What is the grace period to pay the outstanding premium under the Bima Jyoti Plan?

      For the payment of annual, half-yearly, or quarterly premiums, a grace period of 30 days and 15 days from the date of the first unpaid premium shall be permitted. However, if the premium is not paid within the grace period, the policy may lapse. 

       

    • Am I eligible to get discounts on premiums?

      Depending on your sum assured, payment mode, premium payment term, and other factors, the insurance company may provide you with rebates and discounts on your premium. 

       

    • What premium payment modes are available under the LIC Bima Jyoti Plan?

      You can either choose to pay your premium on a monthly basis or on a quarterly, half-yearly, or annual basis. 

       

    • Within how many days I can discontinue my Bima Jyoti Plan?

      You can terminate your policy within 15 days of offline purchase and 30 days of buying through the online mode. 

       

    Life Insurance News

    View All News

    Life Insurance Corporation of India (LIC of India) Contact Details

    Reach us for help anytime
    Find the right life insurance for you
    By clicking, I agree to *terms & conditions  and privacy policy.

    Partner Life Insurance Companies

    View All Life Insurance Companies

    Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

    LIC Life Insurance Plans

      View All LIC Life Insurance Plans