{"uin":"512N395V01","name":"LIC's New Bima Jyoti","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01","insurer":{"slug":"lic","name":"Life Insurance Corporation of India","url":"https://indiainsurances.com/insurer/lic"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":"Product","kind":"product","status":"active","approved_on":"2021-02-01","withdrawn_on":null,"summary":"LIC’s New Bima Jyoti is a non-par, non-linked individual savings life plan with policy terms of 15 to 20 years and limited premium payment of policy term minus 5 years. It pays death or maturity benefits with Guaranteed Additions at 6% of Total Annualized Premiums in respect of Premiums Paid.","analysis":{"state":"machine","analysed_at":"2026-10-19 23:56:24.987895+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"15 years to 20 years.","display":"15 years to 20 years","note":"From the sales brochure.","quote":"e) | Minimum Policy Term | 15 years\nf) | Maximum Policy Term | 20 years","sources":[{"clause":"2","heading":"Eligibility Conditions and Other Restrictions","page":3,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-2"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The policyholder or claimant must intimate the Corporation about the insured event resulting in a claim at the earliest possible time.","display":"At the earliest possible time","note":null,"quote":"Policyholder or the claimant, as applicable, is required to intimate the Corporation, about the happening of the insured event resulting into a claim under the policy, at the earliest possible time.","sources":[{"clause":"5(a)","heading":"Death Claim","page":13,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-a"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Death claim: claim forms, original Policy Document, NEFT mandate, proof of title, proof of death, medical treatment prior to the death, school/ college/ employer's certificate, whichever is applicable, and proof of age if age is not admitted","Unnatural death or death on account of or arising from an accident: First Information Report (FIR), Panchnama and Post Mortem report may be called for","Maturity Claim /Surrender: discharge form, original Policy Document, NEFT mandate and proof of age if the age is not admitted earlier"],"display":"Death claim documents include claim forms, original Policy Document, NEFT mandate, proof of title, proof of death and applicable supporting certificates; accident/unnatural death may need FIR, Panchnama and Post Mortem report; maturity/surrender needs discharge form, original Policy Document, NEFT mandate and proof of age if not admitted.","note":null,"quote":"The normal documents which the claimant shall submit while lodging the claim in case of death of the Life Assured shall be the claim forms, as prescribed by the Corporation, accompanied with original Policy Document, NEFT mandate from the claimant for direct credit of the claim amount to the bank account, proof of title, proof of death, medical treatment prior to the death (if any), school/ college/ employer's certificate, whichever is applicable, to the satisfaction of the Corporation. If the age is not admitted under the policy, the proof of age of the Life Assured shall also be submitted. ... In case of unnatural death or death on account of or arising from an accident, the Corporation reserves the right to call for the copies of First Information Report (FIR), Panchnama and Post Mortem report. ... Where the policy results in a maturity claim or in case of surrender of the policy, the Life Assured/Proposer shall submit the discharge form along with the original Policy Document, NEFT mandate from the claimant for direct credit of the claim amount to the bank account besides proof of age, if the age is not admitted earlier.","sources":[{"clause":"5(a)","heading":"Death Claim","page":13,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-a"},{"clause":"5(b)","heading":"Maturity Claim /Surrender","page":14,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-b"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"Death claims not requiring investigations are settled in 15 days. Early death claims requiring investigations are decided and paid in 45 days, and maturity claims are settled on the due date.","display":"Death claims not requiring investigations: 15 days; early death claims requiring investigations: 45 days; maturity claims: on due date","note":"The CIS does not state the starting point for the 15 days or 45 days TAT.","quote":"1 | Death Claims | Death claims settlements not requiring Investigations | 15 days\nEarly Death Claims requiring investigations - decision & payment | 45 days ... 2 | Maturity payments | Settlement of Maturity Claims | On due date","sources":[{"clause":"Row 1","heading":"Death Claims","page":4,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11856#c-row-1-2"},{"clause":"Row 2","heading":"Maturity payments","page":4,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11856#c-row-2-2"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Suicide within 12 months from the date of commencement of risk or revival: 80% of total premiums paid till the date of death or surrender value, whichever is higher, provided the policy is in-force","Policy lapsed without acquiring paid-up value: nothing payable for suicide","POSP-LI or CPSC-SPV policies: death within the first 90 days from commencement of risk, if not an accident, leads to refund of total premiums paid","If less than one full year’s premium has been paid and later premium is not paid, all benefits cease after grace period and nothing is payable","Untrue or incorrect statement or withholding material information can make the policy void, subject to Section 45"],"display":"Main exclusions include the suicide clause, POSP-LI/CPSC-SPV 90-day non-accident waiting period, lapse before one full year’s premium, and forfeiture for untrue statements or withheld material information.","note":null,"quote":"In case of death of the Life Assured due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the Nominee or Beneficiary shall be entitled to 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in-force. ... For a policy lapsed without acquiring paid-up value, nothing shall be payable under such policies. ... In case the Plan is purchased through Point of Sales Persons-Life Insurance (POSP-LI) or CPSC-SPV, on death of the Life Assured within the first 90 days from the date of commencement of risk, the Corporation shall refund the total premiums paid, provided the policy is in-force and death is not on account of an accident. ... If less than one full year’s premium(s) has been paid in respect of this policy and any subsequent premium be not duly paid, all the benefits under this policy shall cease after the expiry of grace period from the date of First Unpaid Premium and nothing shall be payable and the Premiums paid hitherto are also not refundable. ... in case it is found that any untrue or incorrect statement is contained in the proposal, personal statement, declaration and connected documents or any material information is withheld, then and in every such case this policy shall be void and all claims to any benefit in virtue of this policy shall be subject to the provisions of Section 45 of the Insurance Act, 1938, as amended from time to time.","sources":[{"clause":"2","heading":"Suicide Exclusion","page":13,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-5"},{"clause":"3(b)","heading":"Waiting Period","page":13,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-3-b"},{"clause":"2(i)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-i"},{"clause":"2(ii)","heading":"Forfeiture in Certain Other Events","page":9,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-ii"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"Complaints go first to LIC’s Grievance Redressal Officers at Branch, Divisional, Zonal or Central Office, through the customer portal or by email. Death claim repudiation cases can be reviewed by the Zonal Office or Central Office Claims Dispute Redressal Committee before approaching the Insurance Ombudsman.","display":"LIC GROs at Branch/Divisional/Zonal/Central Office, customer portal or co_complaints@licindia.com; death claim repudiation review by Zonal/Central Office Claims Dispute Redressal Committee","note":null,"quote":"The Corporation has Grievance Redressal Officers (GROs) at Branch/ Divisional/ Zonal/ Central Office to redress grievances of customers. ... a registered policy holder can directly register complaint/ grievance and track its status. Customers can also contact at e-mail id co_complaints@licindia.com for redressal of any grievances. ... Claimants not satisfied with the decision of death claim repudiation have the option of referring their cases for review to Zonal Office Claims Dispute Redressal Committee or Central Office Claims Dispute Redressal Committee.","sources":[{"clause":"Section 45","heading":"of the Insurance Act, 1938","page":14,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-section-45"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Minimum Basic Sum Assured is Rs. 1,25,000 and maximum Basic Sum Assured has no limit, subject to underwriting. Sum Assured on Death is higher of 125% of Basic Sum Assured or 7 times Annualized Premium, and is not less than 105% of Total Premiums Paid up to death.","display":"Basic Sum Assured: minimum Rs. 1,25,000, no limit subject to underwriting; Sum Assured on Death is higher of 125% of Basic Sum Assured or 7 times Annualized Premium, at least 105% of Total Premiums Paid","note":"Basic Sum Assured limits are from the sales brochure.","quote":"h) | Minimum Basic Sum Assured | Rs. 1,25,000\ni) | Maximum Basic Sum Assured | No limit. The maximum Basic Sum Assured allowed to each individual shall be subject to underwriting decision as per the Board Approved Underwriting Policy. ... Where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of Annualized Premium.\nThis Death Benefit shall not be less than 105% of the “Total Premiums Paid” upto the date of death.","sources":[{"clause":"2","heading":"Eligibility Conditions and Other Restrictions","page":3,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-2"},{"clause":"1","heading":"Benefits payable under an in-force policy","page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-1-3"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"For an in-force policy, death during the policy term after commencement of risk and before maturity pays Sum Assured on Death plus accrued Guaranteed Additions. Sum Assured on Death is higher of 125% of Basic Sum Assured or 7 times Annualized Premium, with a minimum of 105% of Total Premiums Paid up to death; for a minor below age 8 dying before commencement of risk, total premiums paid are returned without interest.","display":"Sum Assured on Death plus accrued Guaranteed Additions; higher of 125% of Basic Sum Assured or 7 times Annualized Premium, minimum 105% of Total Premiums Paid","note":null,"quote":"Death Benefit, payable on death of the life assured, during the policy term after the date of commencement of risk but before the stipulated date of maturity, provided the policy is in-force, shall be “Sum Assured on Death” along with accrued Guaranteed Additions for in-force policy; Where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 7 times of Annualized Premium.\nThis Death Benefit shall not be less than 105% of the “Total Premiums Paid” upto the date of death. ... However, in case of minor Life Assured, whose age at entry is below 8 years, on death before the commencement of Risk (as specified in Condition 3 of Part C below), the Death Benefit payable provided the policy is in-force shall be the return of Total Premiums paid (excluding taxes, any extra premium and rider premiums if any), without interest.","sources":[{"clause":"1","heading":"Benefits payable under an in-force policy","page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-1-3"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On survival to the stipulated Date of Maturity, if the policy is in-force, Sum Assured on Maturity plus accrued Guaranteed Additions is payable. Sum Assured on Maturity is equal to the Basic Sum Assured, and the policyholder or life assured may receive it as a lump sum or through the settlement option.","display":"Sum Assured on Maturity plus accrued Guaranteed Additions; Sum Assured on Maturity equals Basic Sum Assured","note":null,"quote":"On Life Assured surviving the stipulated Date of Maturity provided the policy is in-force, “Sum Assured on Maturity” along with accrued Guaranteed Additions for in-force policy, shall be payable. Where “Sum Assured on Maturity” is equal to Basic Sum Assured.\nThe Policyholder/Life Assured shall have an option to receive the Maturity benefit in lumpsum as specified above and/or in instalments (Settlement Option), as specified in Condition 9 of Part D of this Policy Document.","sources":[{"clause":"1","heading":"Benefits payable under an in-force policy","page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-1-3"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium Paying Term is Policy Term minus 5 years, i.e. 10 years to 15 years.","display":"Policy Term minus 5 years, i.e. 10 years to 15 years","note":"From the sales brochure.","quote":"g) | Premium Paying Term | [Policy Term minus 5] years (i.e. 10 years to 15 years.)","sources":[{"clause":"2","heading":"Eligibility Conditions and Other Restrictions","page":3,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-2"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum age at maturity is 75 years nearer birthday, or 65 years nearer birthday for policies procured through POSP-LI/CPSC-SPV.","display":"75 years nearer birthday; 65 years for POSP-LI/CPSC-SPV","note":"From the sales brochure.","quote":"d) | Maximum Age at Maturity | 75 years (nearer birthday) 65 Years (nearer birthday) for policies procured through POSP-LI / CPSC-SPV","sources":[{"clause":"2","heading":"Eligibility Conditions and Other Restrictions","page":3,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-2"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If the life assured dies by suicide within 12 months from commencement of risk or revival, the nominee or beneficiary receives 80% of total premiums paid till death or the surrender value available on the date of death, whichever is higher, provided the policy is in-force. The clause does not apply if age at entry or revival is below 8 years, applies to paid-up policies, and pays nothing for a lapsed policy without paid-up value.","display":"Within 12 months: 80% of total premiums paid till death or surrender value, whichever is higher, if in-force","note":null,"quote":"In case of death of the Life Assured due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the Nominee or Beneficiary shall be entitled to 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in-force.\nNote:\na) This clause shall not be applicable in case the age at entry / age at the time of revival of the life assured is below 8 years.\nb) This clause shall also be applicable for paid-up policies.\nc) For a policy lapsed without acquiring paid-up value, nothing shall be payable under such policies.","sources":[{"clause":"2","heading":"Suicide Exclusion","page":13,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-5"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy can be surrendered after completion of the first policy year if one full year’s premium has been paid. On surrender of an in-force or paid-up policy, LIC pays the higher of Guaranteed Surrender Value plus surrender value of accrued Guaranteed Additions, or Special Surrender Value; Guaranteed Surrender Value is acquired after at least two consecutive years’ premiums, and Special Surrender Value after the first policy year if one full year premium has been received.","display":"Available after completion of first policy year with one full year’s premium paid; higher of GSV plus surrender value of accrued Guaranteed Additions or SSV","note":null,"quote":"The policy can be surrendered by the policyholder after completion of first policy year provided one full year’s premium(s) has been paid.\nOn surrender of an in-force or paid-up policy, the Corporation shall pay the Surrender Value higher of ... a) Guaranteed Surrender Value and surrender value of any accrued Guaranteed Additions; or ... b) Special Surrender Value. ... The policy shall acquire a Guaranteed Surrender Value on payment of premium for atleast two consecutive years. ... The Special Surrender Value shall become payable after completion of first policy year provided one full year premium has been received.","sources":[{"clause":"4","heading":null,"page":10,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-4-4"},{"clause":"4(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-4-a"},{"clause":"4(b)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-4-b"},{"clause":"4(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-4-a-2"},{"clause":"4(b)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-4-b-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"After at least one full year’s premium has been paid and on completion of the first policy year, if later premiums are not paid, the policy continues as a paid-up policy to the end of the term. Death and maturity paid-up sums assured are reduced in the ratio of premiums already paid to the maximum period for which premiums were originally payable, with accrued Guaranteed Additions for paid-up policy.","display":"After at least one full year’s premium and completion of first policy year, policy subsists as paid-up; death and maturity sums assured are reduced by the paid-premium-period ratio","note":null,"quote":"If after atleast one full year’s premium(s) has been paid in respect of this policy and any subsequent premiums be not duly paid, on completion of first policy year, this policy shall not be wholly void, but shall subsist as a paid-up policy till the end of the policy term. The Sum Assured on Death under a paid-up policy shall be reduced to such a sum, called ‘Death Paid-up Sum Assured’ and shall be equal to Sum Assured on Death multiplied by the ratio of the total period for which premiums have already been paid bears to the maximum period for which premiums were originally payable. ... The Sum Assured on Maturity under a paid-up policy shall be reduced to such a sum called ‘Maturity Paid-up Sum Assured’ and shall be equal to Sum Assured on Maturity multiplied by the ratio of the total period for which premiums have already been paid bears to the maximum period for which premiums were originally payable.","sources":[{"clause":null,"heading":"Non-forfeiture Regulations","page":9,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-non-forfeiture-regulations"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed policy may be revived during the lifetime of the life assured within five consecutive complete years from the date of first unpaid premium and before maturity. Revival requires payment of arrears with interest and satisfaction of continued insurability, and LIC may accept at original terms, accept with modified terms or decline revival.","display":"Within 5 consecutive complete years from first unpaid premium, before maturity","note":null,"quote":"Revival Period means the period of five consecutive complete years from the date of first unpaid premium, during which period the policyholder is entitled to revive the policy which was discontinued due to the non-payment of premium. ... A policy in lapsed condition may be revived during the life time of the Life Assured, but within the Revival period and before the Date of Maturity, as the case may be. The revival shall be effected on payment of all the arrears of premium(s) together with interest (compounding half yearly) ... The Corporation, however, reserves the right to accept at original terms, accept with modified terms or decline the revival of a discontinued policy.","sources":[{"clause":"49","heading":"Revival Period","page":6,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-49"},{"clause":"3","heading":"Revival of lapsed Policies","page":10,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-3-4"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Policy loan is available within the surrender value during the policy term after completion of the first policy year, provided one full year’s premium has been paid. The maximum loan is 50% or 80% of surrender value for in-force policies before or after two full years’ premiums, and 40% or 75% for paid-up policies before or after two full years’ premiums.","display":"Available after first policy year with one full year’s premium paid; max 50%/80% for in-force and 40%/75% for paid-up, depending on whether two full years’ premiums are paid","note":null,"quote":"Loan shall be available under the Policy, within the surrender value of the policy, during the policy term subject to the following terms and conditions: ... Loan can be availed after completion of first policy year provided one full year’s premium(s) has been paid. ... The maximum loan that can be granted as a percentage of Surrender value shall be as under :\nPolicy Status | Before payment of two full year’s premiums | After payment of two full year’s premiums\nUnder In-force policies | 50% | 80%\nUnder Paid-up policies | 40% | 75%","sources":[{"clause":"5","heading":"Policy Loan","page":11,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-4"},{"clause":"5(i)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-i"},{"clause":"5(ii)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-ii"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["LIC’s Accidental Death and Disability Benefit Rider","LIC’s New Term Assurance Rider","LIC’s Accident Benefit Rider","LIC’s Premium Waiver Benefit Rider","LIC’s Critical Illness Health Rider"],"display":"LIC’s Accidental Death and Disability Benefit Rider; LIC’s New Term Assurance Rider; LIC’s Accident Benefit Rider; LIC’s Premium Waiver Benefit Rider; LIC’s Critical Illness Health Rider","note":"No rider is available for policies procured through POSP-LI/CPSC-SPV.","quote":"The following five optional rider(s) (or amended versions of these rider(s)) shall be available on payment of additional premium: ... a) LIC’s Accidental Death and Disability Benefit Rider ... b) LIC’s New Term Assurance Rider ... c) LIC’s Accident Benefit Rider ... d) LIC’s Premium Waiver Benefit Rider ... e) LIC’s Critical Illness Health Rider","sources":[{"clause":"2","heading":"Rider Benefits","page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-3"},{"clause":"2(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-a"},{"clause":"2(b)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-b"},{"clause":"2(c)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-c"},{"clause":"2(d)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-d"},{"clause":"2(e)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-2-e"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"The sales brochure says to consult a tax advisor regarding income tax benefits or implications on premiums paid and benefits payable under the plan.","display":"Consult your tax advisor for income tax benefits/implications","note":"From the sales brochure.","quote":"Regarding Income tax benefits/implications on premium(s) paid and benefits payable under this plan, please consult your tax advisor for details.","sources":[{"clause":"18","heading":"Taxes","page":24,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-18"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"During the Free Look period of 30 days from the date of receipt of the electronic or physical mode of Policy Document, whichever is earlier, by the Policyholder, if the Policyholder is not satisfied with the Terms and Conditions of the policy, he/she may return the policy to the Corporation stating the reason for objections.","sources":[{"clause":"7","heading":"Free look period","page":11,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-7-4"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days for yearly, half-yearly or quarterly premiums; 15 days for monthly premiums","note":"The extracted duration value uses 30 days for yearly, half-yearly and quarterly modes; monthly mode has 15 days.","quote":"A grace period of 30 days shall be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly premiums from the date of First Unpaid Premium.","sources":[{"clause":"7","heading":"Grace Period","page":8,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-7-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum entry age is 30 days completed and maximum entry age is 60 years nearer birthday. For policies procured through POSP-LI/CPSC-SPV, maximum entry age is 65 years nearer birthday minus the policy term.","display":"30 days completed to 60 years nearer birthday; POSP-LI/CPSC-SPV: 65 years minus policy term","note":"From the sales brochure.","quote":"a) | Minimum Age at Entry | 30 days (completed)\nb) | Maximum Age at Entry | 60 Years (nearer birthday) [65 years (nearer birthday) minus Policy Term], in case of policies procured through POSP-LI/CPSC-SPV.","sources":[{"clause":"2","heading":"Eligibility Conditions and Other Restrictions","page":3,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-2"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Yearly","Half-yearly","Quarterly","Monthly","salary deductions (SSS)"],"display":"Yearly, half-yearly, quarterly, monthly through e-NACH/NACH only, or salary deductions (SSS)","note":"From the sales brochure. For Basic Sum Assured less than Rs. 1,50,000, only yearly and half-yearly modes are allowed; for Rs. 1,50,000 and above, quarterly, monthly and SSS are also allowed.","quote":"Premiums can be paid regularly with mode of premium payment as yearly, half-yearly, quarterly or monthly intervals (monthly premiums through e-NACH/NACH only) or through salary deductions (SSS). ... Less than Rs. 1,50,000 | Yearly and half-yearly\nRs. 1,50,000 and above | Yearly, half-yearly, quarterly and monthly (through e-NACH/ NACH only) or through salary deductions (SSS)","sources":[{"clause":"6","heading":"Payment of Premiums","page":13,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-6"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Limited premium"],"display":"Limited premium","note":"From the sales brochure.","quote":"This is a Limited Premium Endowment plan with Guaranteed Additions.","sources":[{"clause":null,"heading":"LIC’s NEW BIMA JYOTI","page":2,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-lics-new-bima-jyoti"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"quote-verified","value":"Benefits payable on death or maturity are guaranteed and fixed as per the policy. Death benefit is Sum Assured on Death plus accrued Guaranteed Additions, maturity benefit is Sum Assured on Maturity plus accrued Guaranteed Additions, and Guaranteed Additions accrue at 6% of Total Annualized Premiums in respect of Premiums Paid for an in-force policy.","display":"Death and maturity benefits are guaranteed and fixed; Guaranteed Additions at 6% of Total Annualized Premiums in respect of Premiums Paid","note":null,"quote":"Under such non-par policies, the benefits payable on death or maturity are guaranteed and fixed as per the terms and conditions of the policy. ... Death Benefit, payable on death of the life assured, during the policy term after the date of commencement of risk but before the stipulated date of maturity, provided the policy is in-force, shall be “Sum Assured on Death” along with accrued Guaranteed Additions for in-force policy; ... On Life Assured surviving the stipulated Date of Maturity provided the policy is in-force, “Sum Assured on Maturity” along with accrued Guaranteed Additions for in-force policy, shall be payable. ... The Rate of Guaranteed Additions for an in-force policy shall be 6% of Total Annualized Premiums in respect of Premiums Paid.","sources":[{"clause":"36","heading":null,"page":6,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-36"},{"clause":"1","heading":"Benefits payable under an in-force policy","page":7,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-1-3"},{"clause":"5","heading":"Guaranteed Additions for In-force policy","page":8,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870#c-5-3"}],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"quote-verified","value":"No bonus or share in surplus is payable because this is a non-par product; benefits are guaranteed and fixed irrespective of actual experience.","display":"No bonus; non-par product not entitled to discretionary benefits like bonus or share in surplus","note":"From the sales brochure.","quote":"This is a Non-Par product under which benefits payable on death or survival are guaranteed and fixed irrespective of actual experience. Hence the policy is not entitled to any discretionary benefits like bonus etc. or share in Surplus.","sources":[{"clause":null,"heading":"LIC’s NEW BIMA JYOTI","page":2,"url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876#c-lics-new-bima-jyoti"}],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":"The provided clauses include a sample benefit illustration, but do not state illustrated returns at 4% and 8% IRDAI rates.","quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Policy Document","pages":19,"fetched_at":"2026-10-17 19:50:18+00","source_url":"https://licindia.in/documents/20121/1850013/Policy+Document+LIC%27s+New+Bima+Jyoti_website_100826.pdf/2e703fb3-a976-5f1c-6c05-939953935ef1?t=1786362689439","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11870"},{"kind":"wording","label":"Policy Document","pages":17,"fetched_at":"2026-10-17 20:02:46+00","source_url":"https://licindia.in/documents/20121/652414/Policy+Document_LIC_s+Bima+Jyoti.pdf/bd262342-f116-659b-ded0-d2c971c1faa5?t=1687167364964","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/12112"},{"kind":"wording","label":"LIC's Bima Jyoti (IRDAI copy)","pages":17,"fetched_at":"2026-10-20 03:03:53+00","source_url":"https://irdai.gov.in/documents/37343/563751/PD_LIC%27s+Bima+Jyoti+with+logo_2020-21.pdf/f5b0e248-3242-b566-a74b-62f0d999faf4?version=1.1&t=1668055523795&download=true","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/30276"},{"kind":"cis","label":"CIS LIC's New Bima Jyoti","pages":7,"fetched_at":"2026-10-17 19:49:57+00","source_url":"https://licindia.in/documents/20121/1850013/CIS+_New+Bima+Jyoti_website_100826.pdf/7751e7d2-50a2-7baa-4e93-811c4b2bfc27?t=1786362688688","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11856"},{"kind":"brochure","label":"Sales Brochure","pages":36,"fetched_at":"2026-10-17 19:50:28+00","source_url":"https://licindia.in/documents/20121/1850013/New+Bima+Jyoti+Sales+Brochure_English.pdf/05d091ee-bcb3-281d-999f-4027f78cd07a?t=1786362691791","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/11876"},{"kind":"brochure","label":"Sales Brochure","pages":10,"fetched_at":"2026-10-17 20:04:09+00","source_url":"https://licindia.in/documents/20121/652414/Sales+Brochure_LIC_s+Bima+Jyoti.pdf/64146c2b-2b08-1a9d-197a-20e3b3141385?t=1687167364791","url":"https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01/document/12189"}],"versions":[{"uin":"512N339V01","version":null,"approved_on":null},{"uin":"512N395V01","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"LIC official website","url":"https://www.licindia.in/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims settlement requirements","url":"https://licindia.in/web/guest/claims-settlement-requirements","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://licindia.in/web/guest/grievances","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"LIC's New Bima Jyoti (UIN 512N395V01), IndiaInsurances, https://indiainsurances.com/policy/lic/lic-s-new-bima-jyoti-512n395v01"}