{"id":7058550,"date":"2026-09-10T14:56:05","date_gmt":"2026-09-10T14:56:05","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/insurance\/lics-bima-platinum-plan-770-complete-details-premium-calculator-benefits-and-review\/"},"modified":"2026-09-10T14:56:05","modified_gmt":"2026-09-10T14:56:05","slug":"lics-bima-platinum-plan-770-complete-details-premium-calculator-benefits-and-review","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7058550","title":{"rendered":"LIC\u2019s Bima Platinum Plan 770: Complete Details, Premium Calculator, Benefits and Review"},"content":{"rendered":"


\n<\/p>\n

\n

LIC\u2019s<\/a> Bima Platinum (Plan No. 770, UIN: 512N397V01) is a close-ended, limited-premium life insurance plan that combines guaranteed annual income with long-term savings. The plan will be available for purchase from 7 September 2026 until 31 March 2027<\/strong>.<\/p>\n

Bima Platinum is classified as a non-linked, non-participating, individual life insurance savings plan<\/strong>. In simple terms, its benefits are not directly linked to stock-market performance, and the policy does not earn bonuses based on LIC\u2019s profits. Instead, the income, Booster Benefit, maturity benefit and Guaranteed Additions are determined according to the policy\u2019s stated rules.<\/p>\n

\n

What kind of plan is Bima Platinum? <\/h2>\n

Four points will help you understand the basic structure of
\n LIC\u2019s Bima Platinum before looking at its detailed benefits.<\/p>\n

\n
\n
\n

Not linked to the stock market<\/h3>\n

Your policy benefits do not rise or fall directly with stock-market
\n movements. Bima Platinum is a non-linked insurance savings plan.<\/p>\n<\/div>\n<\/article>\n

\n
\n

No profit-linked bonus<\/h3>\n

The policy does not participate in LIC\u2019s profits and does not earn
\n a Simple Reversionary Bonus or Final Additional Bonus.<\/p>\n<\/div>\n<\/article>\n

\n
\n

Benefits are defined in advance<\/h3>\n

Regular Income, Booster Income and Guaranteed Additions are
\n determined according to the policy rules and are not dependent on
\n future bonus declarations.<\/p>\n<\/div>\n<\/article>\n

\n
\n

Pay for a limited period<\/h3>\n

You can select a premium-paying term of 7, 10, 12, 15 or 18 years,
\n while the policy and applicable benefits continue for the longer
\n policy term.<\/p>\n<\/div>\n<\/article>\n<\/div>\n

Guaranteed benefits remain subject to payment of premiums and the terms
\n and conditions of the policy. Reduced benefits may apply if the policy
\n becomes paid-up.<\/p>\n<\/section>\n

\n

Three guaranteed benefits under Bima Platinum <\/h2>\n

After the selected premium-paying period, the plan provides annual
\n income, a one-time Booster and a separate maturity benefit.<\/p>\n

    \n
  1. Every year<\/span>
    \n

    Regular Income Benefit<\/h3>\n

    10% of Basic Sum Assured<\/p>\n

    The first payment is due at the end of the selected
    \n premium-paying term. It then continues annually during the
    \n applicable payout period, subject to the policy conditions.<\/p>\n<\/li>\n

  2. One-time payment<\/span>
    \n

    Booster Income Benefit<\/h3>\n

    70% of Basic Sum Assured<\/p>\n

    This additional amount is paid once on the fifth policy
    \n anniversary after the end of the premium-paying term.
    \n The regular annual income is also payable in that year.<\/p>\n<\/li>\n

  3. At maturity<\/span>
    \n

    Maturity Benefit<\/h3>\n

    Full BSA + Guaranteed Additions<\/p>\n

    On survival to maturity, the full Basic Sum Assured is paid
    \n together with the Guaranteed Additions accumulated under the
    \n policy.<\/p>\n<\/li>\n<\/ol>\n

    <\/svg><\/p>\n

    The key advantage:<\/strong> Regular Income and Booster
    \n Income do not reduce the Basic Sum Assured payable at maturity.
    \n The policyholder receives income during the policy term and can
    \n still receive the full Basic Sum Assured, together with
    \n accumulated Guaranteed Additions, at maturity.<\/p>\n<\/div>\n<\/section>\n

    \n

    LIC Bima Platinum at a Glance <\/h2>\n

    Here is a quick summary of the eligibility conditions, guaranteed
    \n benefits and important options available under LIC\u2019s Bima Platinum.<\/p>\n

    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Summary of LIC Bima Platinum Plan 770<\/caption>\n
    Particular<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
    Plan identity<\/th>\n<\/tr>\n
    Plan name<\/th>\nLIC\u2019s Bima Platinum<\/td>\n<\/tr>\n
    Plan number<\/th>\n770<\/td>\n<\/tr>\n
    UIN<\/th>\n512N397V01<\/td>\n<\/tr>\n
    Availability<\/th>\n 7 September 2026 to 31 March 2027
    \n (close-ended plan)<\/td>\n<\/tr>\n
    Type of plan<\/th>\n Non-linked, non-participating, individual life insurance
    \n savings plan<\/td>\n<\/tr>\n
    Premium structure<\/th>\nLimited premium payment<\/td>\n<\/tr>\n
    Term and Sum Assured<\/th>\n<\/tr>\n
    Premium-paying terms<\/th>\n7, 10, 12, 15 or 18 years<\/td>\n<\/tr>\n
    Policy term<\/th>\n 17 to 40 years, depending on the selected
    \n premium-paying term and age<\/td>\n<\/tr>\n
    Minimum Basic Sum Assured<\/th>\n\u20b93,00,000<\/td>\n<\/tr>\n
    Maximum Basic Sum Assured<\/th>\n No specified upper limit, subject to LIC\u2019s
    \n underwriting decision<\/td>\n<\/tr>\n
    Sum Assured increments<\/th>\nMultiples of \u20b910,000<\/td>\n<\/tr>\n
    Guaranteed benefits<\/th>\n<\/tr>\n
    Regular Income Benefit<\/th>\n 10% of the Basic Sum Assured every year during
    \n the applicable payout period<\/td>\n<\/tr>\n
    First Regular Income<\/th>\n At the end of the selected premium-paying term<\/td>\n<\/tr>\n
    Booster Income<\/th>\n A one-time payment equal to 70% of the
    \n Basic Sum Assured<\/td>\n<\/tr>\n
    Booster payment year<\/th>\n On the fifth policy anniversary after the end of
    \n the premium-paying term<\/td>\n<\/tr>\n
    Maturity benefit<\/th>\n Full Basic Sum Assured plus accumulated
    \n Guaranteed Additions<\/td>\n<\/tr>\n
    Base Guaranteed Addition rate<\/th>\n \u20b970 per \u20b91,000 of Total Annualized Premium in
    \n respect of premiums paid, with eligible additions
    \n to the rate where applicable<\/td>\n<\/tr>\n
    Death benefit<\/th>\n Sum Assured on Death plus accrued Guaranteed
    \n Additions, subject to the applicable policy conditions
    \n and minimum benefit limits<\/td>\n<\/tr>\n
    Eligibility and payment<\/th>\n<\/tr>\n
    Premium modes<\/th>\n Yearly, half-yearly, quarterly, monthly through
    \n e-NACH\/NACH, and Salary Savings Scheme<\/td>\n<\/tr>\n
    Minimum maturity age<\/th>\n28 years completed<\/td>\n<\/tr>\n
    Maximum maturity age<\/th>\n75 years, age nearer birthday<\/td>\n<\/tr>\n
    Additional options<\/th>\n<\/tr>\n
    Loan facility<\/th>\n Available after the policy acquires the required
    \n surrender value, subject to LIC\u2019s rules<\/td>\n<\/tr>\n
    Optional riders<\/th>\n Accident, disability, term assurance, premium waiver
    \n and critical illness riders, subject to eligibility<\/td>\n<\/tr>\n
    Income deferral<\/th>\n Regular Income and\/or Booster Income may be deferred
    \n subject to the applicable conditions<\/td>\n<\/tr>\n
    Settlement options<\/th>\n Eligible maturity and death benefits may be received
    \n in instalments under the available options<\/td>\n<\/tr>\n
    Tax treatment<\/th>\n Tax benefits may be available as per the prevailing
    \n income-tax laws and applicable conditions<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    Please note:<\/strong> This is a simplified summary.
    \n Eligibility, benefits and optional facilities are subject to
    \n the complete terms and conditions issued by LIC.<\/p>\n<\/section>\n

    \"Bima\"Bima<\/figure>\n
    \n

    Premium-Paying Term and Policy-Term Options <\/h2>\n

    Bima Platinum offers five premium-paying terms. The minimum
    \n policy term, starting year of Regular Income and Booster payment
    \n year depend on the option selected.<\/p>\n

    \n\n\n\n\n\n\n\n\n\n
    Premium-paying term and policy-term options under
    \n LIC Bima Platinum<\/caption>\n
    Premium-Paying Term<\/th>\nMinimum Policy Term<\/th>\nMaximum Policy Term*<\/th>\nRegular Income Starts<\/th>\nBooster Income Payable<\/th>\n<\/tr>\n<\/thead>\n
    7 years<\/th>\n17 years<\/td>\n40 years<\/td>\nEnd of year 7<\/td>\nEnd of year 12<\/td>\n<\/tr>\n
    10 years<\/th>\n20 years<\/td>\n40 years<\/td>\nEnd of year 10<\/td>\nEnd of year 15<\/td>\n<\/tr>\n
    12 years<\/th>\n22 years<\/td>\n40 years<\/td>\nEnd of year 12<\/td>\nEnd of year 17<\/td>\n<\/tr>\n
    15 years<\/th>\n25 years<\/td>\n40 years<\/td>\nEnd of year 15<\/td>\nEnd of year 20<\/td>\n<\/tr>\n
    18 years<\/th>\n28 years<\/td>\n40 years<\/td>\nEnd of year 18<\/td>\nEnd of year 23<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    *Maximum-term condition:<\/strong> Although the maximum
    \n policy term is 40 years, the chosen term must also ensure that the
    \n Life Assured\u2019s age at maturity does not exceed 75 years, age nearer
    \n birthday.<\/p>\n

    \n

    Understanding the Payout Period <\/h3>\n

    The payout period is the part of the policy term during which
    \n Regular Income Benefits become payable.<\/p>\n

    Payout period = Policy term \u2212 Premium-paying term<\/span><\/p>\n

    \n
    \n

    Policy term <\/span> 25 years <\/span><\/p>\n

    Premium-paying term <\/span> 10 years <\/span><\/p>\n

    Payout period <\/span> 15 years <\/span><\/p>\n<\/div>\n

      \n
    1. 1<\/span>
      \n

      Years 1\u201310<\/h4>\n

      Premiums are payable for the selected 10-year
      \n premium-paying term.<\/p>\n<\/li>\n

    2. 2<\/span>
      \n

      End of year 10<\/h4>\n

      The first Regular Income Benefit becomes payable.<\/p>\n<\/li>\n

    3. 3<\/span>
      \n

      End of year 15<\/h4>\n

      Booster Income is paid in addition to that year\u2019s
      \n Regular Income Benefit.<\/p>\n<\/li>\n

    4. 4<\/span>
      \n

      End of year 25<\/h4>\n

      The Basic Sum Assured and accumulated Guaranteed
      \n Additions become payable at maturity.<\/p>\n<\/li>\n<\/ol>\n

      Regular Income is payable annually from the end of year 10
      \n through the policy anniversary immediately before maturity.
      \n In this example, that results in 15 annual Regular
      \n Income payments<\/strong>, subject to the policy conditions
      \n and survival of the Life Assured.<\/p>\n<\/div>\n<\/div>\n<\/section>\n

      \n

      How Guaranteed Additions Work <\/h2>\n

      Bima Platinum provides Guaranteed Additions during the
      \n premium-paying term. However, the method of calculation is
      \n different from plans where additions are based on the
      \n Basic Sum Assured.<\/p>\n

      \n

      !<\/p>\n

      \n

      The calculation is not based on Basic Sum Assured<\/h3>\n

      The Guaranteed Addition rate is applied to the Total Annualized Premium in respect of premiums
      \n paid<\/strong>. The Basic Sum Assured is used only to identify
      \n the applicable high-Sum-Assured enhancement slab.<\/p>\n<\/div>\n<\/div>\n

      \n
      1<\/span><\/p>\n

      Start with the base rate<\/h3>\n

      \u20b970 per \u20b91,000<\/span><\/p>\n

      This is equivalent to 7% of the applicable premium base
      \n used for the calculation.<\/p>\n<\/article>\n

      2<\/span><\/p>\n

      Add eligible enhancements<\/h3>\n

      The rate may increase for a higher Basic Sum Assured,
      \n online or CIS purchase, and eligible existing
      \n policyholders or nominees.<\/p>\n<\/article>\n

      3<\/span><\/p>\n

      Additions stop after the PPT<\/h3>\n

      Guaranteed Additions accrue at the end of each policy
      \n year during the premium-paying term. No new Guaranteed
      \n Addition accrues after the PPT.<\/p>\n<\/article>\n<\/div>\n

      Formula for a policy year <\/span><\/p>\n

      Guaranteed Addition = Total Annualized Premium in respect of premiums paid<\/span> \u00d7 applicable rate \u00f7 1,000<\/p>\n<\/div>\n

      \n

      Base rate \u20b970 + high-Sum-Assured enhancement \u20b99 = \u20b979 per \u20b91,000<\/strong><\/p>\n

      \n\n\n\n\n\n\n\n
      Example of Guaranteed Additions for annualized premium
      \n of \u20b91,83,300<\/caption>\n
      End of policy year<\/th>\nAnnualized premiums paid<\/th>\nApplicable rate<\/th>\nAddition for that year<\/th>\n<\/tr>\n<\/thead>\n
      Year 1<\/th>\n\u20b91,83,300<\/td>\n\u20b979 per \u20b91,000<\/td>\n\u20b914,481<\/strong><\/td>\n<\/tr>\n
      Year 2<\/th>\n\u20b93,66,600<\/td>\n\u20b979 per \u20b91,000<\/td>\n\u20b928,961<\/strong><\/td>\n<\/tr>\n
      Year 10<\/th>\n\u20b918,33,000<\/td>\n\u20b979 per \u20b91,000<\/td>\n\u20b91,44,807<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

      Total Guaranteed Additions accumulated over the
      \n 10-year PPT: approximately \u20b97,96,439<\/strong><\/p>\n<\/div>\n

      Enhancements to the Guaranteed Addition Rate <\/h3>\n

      The following amounts are added to the base rate of \u20b970 per
      \n \u20b91,000. These figures increase the rate; they are not reductions
      \n in the premium.<\/p>\n

      \n\n\n\n\n\n\n\n\n\n
      Bima Platinum Guaranteed Addition rate enhancements<\/caption>\n
      PPT<\/th>\n\u20b93L to below \u20b95L<\/th>\n\u20b95L to below \u20b97L<\/th>\n\u20b97L to below \u20b910L<\/th>\n\u20b910L and above<\/th>\nOnline or CIS<\/th>\nExisting policyholder<\/th>\n<\/tr>\n<\/thead>\n
      7 years<\/th>\nNil<\/td>\n+\u20b93.00<\/td>\n+\u20b96.00<\/td>\n+\u20b98.00<\/td>\n+\u20b930.00<\/td>\n+\u20b91.00<\/td>\n<\/tr>\n
      10 years<\/th>\nNil<\/td>\n+\u20b94.00<\/td>\n+\u20b97.00<\/td>\n+\u20b99.00<\/td>\n+\u20b930.00<\/td>\n+\u20b91.25<\/td>\n<\/tr>\n
      12 years<\/th>\nNil<\/td>\n+\u20b95.00<\/td>\n+\u20b98.00<\/td>\n+\u20b910.00<\/td>\n+\u20b924.00<\/td>\n+\u20b91.50<\/td>\n<\/tr>\n
      15 years<\/th>\nNil<\/td>\n+\u20b96.00<\/td>\n+\u20b910.00<\/td>\n+\u20b912.00<\/td>\n+\u20b922.00<\/td>\n+\u20b91.75<\/td>\n<\/tr>\n
      18 years<\/th>\nNil<\/td>\n+\u20b97.00<\/td>\n+\u20b912.00<\/td>\n+\u20b915.00<\/td>\n+\u20b920.00<\/td>\n+\u20b92.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
      \n
      \n

      High-Sum-Assured enhancement<\/h4>\n

      The Basic Sum Assured determines the applicable slab.
      \n However, the resulting rate continues to be applied to
      \n the relevant annualized premiums paid\u2014not to the
      \n Basic Sum Assured.<\/p>\n<\/div>\n

      \n

      Online or CIS enhancement<\/h4>\n

      An eligible online purchase or purchase under the
      \n Corporation\u2019s Insurance Scheme receives the applicable
      \n enhancement. These two enhancements cannot both be
      \n claimed for the same purchase.<\/p>\n<\/div>\n

      \n

      Existing-policyholder enhancement<\/h4>\n

      A qualifying existing LIC policyholder\u2014or an eligible
      \n nominee or beneficiary of a deceased policyholder\u2014may
      \n receive the additional rate, subject to LIC\u2019s conditions.<\/p>\n<\/div>\n<\/div>\n

      How enhancements combine:<\/strong> Where the eligibility
      \n conditions are satisfied, the high-Sum-Assured enhancement,
      \n one applicable channel enhancement and the existing-policyholder
      \n enhancement are added to the base rate. Annualized Premium
      \n excludes taxes, rider premiums, underwriting extra premiums and
      \n modal loadings.<\/p>\n<\/section>\n

      Use the LIC Bima Platinum calculator below to estimate the premium, yearly guaranteed income, Booster Income and maturity benefit for your selected age, Basic Sum Assured, policy term and premium-paying term.<\/p>\n

      \n
      The results are indicative and depend on the premium rates and benefit rules entered in the calculator. GST, underwriting decisions, rider eligibility and LIC\u2019s final quotation may affect the actual premium and benefits.<\/p>\n
       html<\/p>\n
      \n
      LIC Bima Platinum Benefit Illustration with an Example<\/h2>\n
       Let us understand the plan using a simple example. Suppose a person aged
      \n 30 purchases Bima Platinum with a Basic Sum Assured of \u20b910 lakh, a
      \n policy term of 20 years and a premium-paying term of 10 years.<\/p>\n
       Illustration basis:<\/strong> Yearly premium mode, standard life,
      \n no rider and only the applicable high-Sum-Assured enhancement. The
      \n online\/CIS and existing-policyholder enhancements have not been included.<\/p>\n
      \n
       Entry age<\/span> 30 years<\/span><\/p>\n
       Basic Sum Assured<\/span> \u20b910,00,000<\/span><\/p>\n
       Policy term<\/span> 20 years<\/span><\/p>\n
       Premium-paying term<\/span> 10 years<\/span><\/p>\n
       Annualized base premium<\/span> \u20b91,83,300<\/span><\/p>\n
       Maturity age<\/span> 50 years<\/span><\/p>\n<\/div>\n
       The tabular premium rate for this combination is \u20b9183.30 per \u20b91,000
      \n of Basic Sum Assured. Therefore:<\/p>\n
       Annualized base premium<\/strong>
      \u20b9183.30 \u00d7 (\u20b910,00,000 \u00f7 \u20b91,000) = \u20b91,83,300 per year<\/strong><\/p>\n
       The policyholder pays this base premium for 10 years. Applicable taxes,
      \n rider premiums and any underwriting extra premium are additional.<\/p>\n
      How the Benefits Are Paid<\/h3>\n
      \n\n\n\n\n\n\n\n\n\n
      Policy stage<\/th>\nAge<\/th>\nWhat happens?<\/th>\nAmount<\/th>\n<\/tr>\n<\/thead>\n
      Years 1\u201310<\/td>\n30\u201339<\/td>\nPremiums are payable.<\/td>\n\u20b91,83,300 yearly, excluding tax<\/td>\n<\/tr>\n
      End of year 10<\/td>\n40<\/td>\nThe first Regular Income Benefit becomes payable.<\/td>\n\u20b91,00,000<\/td>\n<\/tr>\n
      End of years 10\u201319<\/td>\n40\u201349<\/td>\nRegular Income is payable every year for 10 years.<\/td>\n\u20b91,00,000 each year<\/td>\n<\/tr>\n
      End of year 15<\/td>\n45<\/td>\n Booster Income is paid in addition to that year\u2019s Regular Income.<\/td>\n\u20b97,00,000 Booster + \u20b91,00,000 Regular Income<\/td>\n<\/tr>\n
      End of year 20<\/td>\n50<\/td>\n Basic Sum Assured and accumulated Guaranteed Additions are paid
      \n as the maturity benefit.<\/td>\n      		Approximately \u20b917,96,439<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
      Regular Income and Booster Income<\/h3>\n
       The annual Regular Income is 10% of the Basic Sum Assured:<\/p>\n
       10% of \u20b910,00,000 = \u20b91,00,000 every year<\/strong><\/p>\n
       Since the payout period is 20 \u2212 10 = 10 years, ten Regular Income
      \n payments are payable from the end of policy year 10 to the end of
      \n policy year 19.<\/p>\n
       Total Regular Income:<\/strong>
      \u20b91,00,000 \u00d7 10 payments = \u20b910,00,000<\/strong><\/p>\n
       The Booster Income is 70% of the Basic Sum Assured and is payable five
      \n years after completion of the premium-paying term:<\/p>\n
       70% of \u20b910,00,000 = \u20b97,00,000<\/strong>
      Payable at the end of year 10 + 5 = end of policy year 15<\/strong><\/p>\n
      How the Maturity Amount Is Calculated<\/h3>\n
       For a \u20b910 lakh Basic Sum Assured and a 10-year PPT, the
      \n high-Sum-Assured enhancement increases the Guaranteed Addition rate
      \n from \u20b970 to \u20b979 per \u20b91,000 of the relevant annualized premiums paid.<\/p>\n
       As more premiums are paid, the premium amount used for calculating
      \n each year\u2019s Guaranteed Addition increases. The total Guaranteed
      \n Additions accumulated over the 10-year PPT are approximately \u20b97,96,439.<\/p>\n
       Basic Sum Assured payable at maturity<\/span> \u20b910,00,000<\/strong> Accumulated Guaranteed Additions<\/span> \u20b97,96,439<\/strong> Approximate maturity benefit<\/span> \u20b917,96,439<\/strong><\/p>\n
      Total Benefits under This Illustration<\/h3>\n
       Total Regular Income<\/span> \u20b910,00,000<\/strong> One-time Booster Income<\/span> \u20b97,00,000<\/strong> Maturity benefit<\/span> \u20b917,96,439<\/strong> Total policy benefits<\/span> \u20b934,96,439<\/strong><\/p>\n
       This demonstrates an important feature of Bima Platinum: the Regular
      \n Income and Booster Income received during the policy term do not reduce
      \n the \u20b910 lakh Basic Sum Assured payable at maturity.<\/p>\n
       Important:<\/strong> This is an indicative illustration based on
      \n the stated assumptions and tabular premium rates. It is not an official
      \n LIC quotation. Taxes, underwriting decisions, rider premiums, purchase
      \n channel and eligible Guaranteed Addition enhancements can change the
      \n actual premium and benefits. Please obtain an official benefit
      \n illustration before purchasing the policy.<\/p>\n<\/section>\n
      \n
      Death Benefit under LIC Bima Platinum<\/h2>\n
       LIC Bima Platinum also provides life insurance protection throughout
      \n the policy term. If the Life Assured dies after commencement of risk
      \n while the policy is in force, the nominee receives:<\/p>\n
       Death Benefit<\/span>  Sum Assured on Death + Accrued Guaranteed Additions <\/strong><\/p>\n
      How is the Sum Assured on Death calculated?<\/h3>\n
       The Sum Assured on Death is the higher of the following two amounts:<\/p>\n
      \n
      \n
      1<\/p>\n
      Eleven times annualized premium<\/h3>\n
       Eleven times the annualized base premium applicable under the policy.<\/p>\n<\/div>\n
      \n
      2<\/p>\n
      Basic Sum Assured<\/h3>\n
       The Basic Sum Assured selected when purchasing the policy.<\/p>\n<\/div>\n
      \n
      +<\/p>\n
      Guaranteed Additions<\/h3>\n
       Guaranteed Additions accrued under the policy are added to the
      \n applicable Sum Assured on Death.<\/p>\n<\/div>\n<\/div>\n
       The policy therefore first compares eleven times the annualized premium
      \n with the Basic Sum Assured. The higher amount becomes the Sum Assured
      \n on Death. Accrued Guaranteed Additions are then added to it.<\/p>\n
      Minimum protection under the policy<\/h3>\n
       The death benefit is also subject to important minimum safeguards.
      \n It cannot be less than:<\/p>\n
        \n
      • 105% of the total premiums paid up to the date of death; and<\/li>\n
      • the surrender value available on the date of death.<\/li>\n<\/ul>\n
         For this purpose, annualized premium excludes taxes, rider premiums,
        \n underwriting extra premiums and modal loadings.<\/p>\n
        \n
        Death Benefit Example<\/p>\n
        \n
         Consider the earlier illustration of a person aged 30 with a
        \n \u20b910 lakh Basic Sum Assured, 20-year policy term and 10-year
        \n premium-paying term.<\/p>\n
         The annualized base premium is \u20b91,83,300. Assume death occurs at
        \n the end of the fifth policy year after five full annual premiums
        \n have been paid and the policy is in force.<\/p>\n
         Eleven times annualized premium<\/span> \u20b91,83,300 \u00d7 11 = \u20b920,16,300<\/strong> Basic Sum Assured<\/span> \u20b910,00,000<\/strong> Higher amount: Sum Assured on Death<\/span> \u20b920,16,300<\/strong> Approximate Guaranteed Additions accrued<\/span> \u20b92,17,211<\/strong> Approximate death benefit<\/span> \u20b922,33,511<\/strong><\/p>\n<\/div>\n<\/div>\n
         In this example, eleven times the annualized premium is higher than
        \n the \u20b910 lakh Basic Sum Assured. Therefore, \u20b920,16,300 becomes the
        \n Sum Assured on Death. The accrued Guaranteed Additions are payable
        \n in addition to this amount.<\/p>\n
        Commencement of Risk for Children<\/h3>\n
         If the entry age is below eight years:<\/strong> Life insurance
        \n risk begins two years after commencement of the policy or on the policy
        \n anniversary coinciding with or immediately following completion of
        \n eight years of age, whichever occurs earlier.<\/p>\n
         If such a child dies before commencement of risk, the amount payable
        \n is the total premiums paid under the base policy, without interest.
        \n Once risk has commenced, the normal death-benefit provisions apply.<\/p>\n
        Option to Receive the Death Benefit in Instalments<\/h3>\n
         Instead of receiving the entire death benefit as a lump sum, the
        \n policyholder may choose to have the full or partial death benefit paid
        \n to the nominee in instalments over 5, 10 or 15 years, subject to LIC\u2019s
        \n conditions and minimum instalment requirements.<\/p>\n
         Important:<\/strong> The example assumes that the policy remains
        \n in force and all due premiums have been paid. Death benefits under a
        \n paid-up or lapsed policy may be different. Suicide exclusions, the
        \n special waiting period applicable to policies purchased through the
        \n POSP-LI\/CPSC-SPV channel, unpaid premiums and rider conditions must
        \n also be considered when processing a claim.<\/p>\n<\/section>\n
        \n
        What Happens If You Stop Paying Premiums?<\/h2>\n
         Bima Platinum is a long-term policy. Ideally, all premiums should be
        \n paid for the selected premium-paying term. However, if a premium is
        \n missed, the consequences depend mainly on how many premiums have
        \n already been paid.<\/p>\n
         Important distinction:<\/strong> A paid-up policy continues with
        \n reduced benefits, whereas surrendering the policy ends it permanently
        \n after payment of the applicable surrender value.<\/p>\n
        Grace Period for Paying a Late Premium<\/h3>\n
         LIC provides a grace period from the premium due date:<\/p>\n
          \n
        •  30 days<\/strong> for yearly, half-yearly and quarterly
          \n premium modes.<\/li>\n
        •  15 days<\/strong> for monthly premium mode.<\/li>\n<\/ul>\n
           The policy continues to be treated as in force during this grace
          \n period. If the premium remains unpaid after the grace period expires,
          \n the policy lapses or becomes paid-up, depending on the premiums
          \n already paid.<\/p>\n
          Effect of Stopping Premiums<\/h3>\n
          \n\n\n\n\n\n\n\n\n
          Premium-payment position<\/th>\nPolicy status<\/th>\nWhat happens?<\/th>\n<\/tr>\n<\/thead>\n
          Less than one full year\u2019s premium paid<\/td>\nLapsed without paid-up value<\/strong><\/td>\n Benefits cease after expiry of the grace period. Ordinarily,
          \n no benefit is payable and premiums already paid are not refunded.<\/td>\n<\/tr>\n
           At least one full year\u2019s premium paid and the first policy
          \n year completed<\/td>\n          		Paid-up policy<\/strong><\/td>\n The policy continues for the remaining term, but death,
          \n income, Booster and maturity benefits are reduced.<\/td>\n<\/tr>\n
          Policy surrendered after becoming eligible<\/td>\nPolicy terminates<\/strong><\/td>\n LIC pays the applicable surrender value. No future insurance,
          \n income, Booster or maturity benefit remains after surrender.<\/td>\n<\/tr>\n
          Arrears paid and revival accepted by LIC<\/td>\nPolicy restored<\/strong><\/td>\n Full policy benefits can be restored subject to LIC\u2019s revival
          \n conditions, interest and evidence of continued insurability.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
          How Paid-Up Benefits Are Reduced<\/h3>\n
           The basic reduction is determined using the proportion of premiums
          \n actually paid compared with the premiums originally payable.<\/p>\n
           Paid-up proportion<\/span>  Number of premiums paid \u00f7 Number of premiums originally payable <\/strong><\/p>\n
           This proportion is applied separately to the major benefits.<\/p>\n
          \n
          \n
          Paid-Up Regular Income<\/h3>\n
           Regular Income Benefit \u00d7 paid-up proportion. It remains payable
          \n on the originally scheduled income dates.<\/p>\n<\/div>\n
          \n
          Paid-Up Booster Income<\/h3>\n
           Booster Income Benefit \u00d7 paid-up proportion. It remains payable
          \n on the originally scheduled Booster date.<\/p>\n<\/div>\n
          \n
          Paid-Up Maturity Sum Assured<\/h3>\n
           Basic Sum Assured \u00d7 paid-up proportion, plus Guaranteed Additions
          \n calculated under the paid-up provisions.<\/p>\n<\/div>\n
          \n
          Paid-Up Death Sum Assured<\/h3>\n
           Sum Assured on Death \u00d7 paid-up proportion, plus applicable
          \n paid-up Guaranteed Additions, subject to policy conditions.<\/p>\n<\/div>\n<\/div>\n
          \n
          Simple Paid-Up Example<\/p>\n
          \n
           Consider a policy with a 10-year premium-paying term. Suppose the
          \n policyholder pays five full yearly premiums and then stops paying.<\/p>\n
           Paid-up proportion<\/span> 5 premiums paid \u00f7 10 premiums payable = 50%<\/strong><\/p>\n
           If the original benefits were based on a \u20b910 lakh Basic Sum
          \n Assured, the principal paid-up benefits would be:<\/p>\n
           Original yearly Regular Income<\/span> \u20b91,00,000<\/strong> Paid-up yearly Regular Income<\/span> \u20b950,000<\/strong> Original Booster Income<\/span> \u20b97,00,000<\/strong> Paid-up Booster Income<\/span> \u20b93,50,000<\/strong> Paid-up Maturity Sum Assured<\/span> \u20b95,00,000<\/strong><\/p>\n
           Applicable paid-up Guaranteed Additions would be added separately
          \n to the maturity benefit. Their calculation is more detailed than
          \n simply applying 50% to the original projected Guaranteed Additions.<\/p>\n<\/div>\n<\/div>\n
          What Happens to Guaranteed Additions?<\/h3>\n
            \n
          •  Guaranteed Additions already accrued for completed premium-paying
            \n years are not automatically lost.<\/li>\n
          •  During the remaining PPT, further additions may accrue at a reduced
            \n paid-up rate calculated according to the policy conditions.<\/li>\n
          •  No Guaranteed Additions accrue after completion of the PPT.<\/li>\n<\/ul>\n
             Because the paid-up Guaranteed Addition calculation depends on the
            \n exact premium history and timing of discontinuance, the policyholder
            \n should obtain an official paid-up quotation from LIC.<\/p>\n
            Surrendering Bima Platinum<\/h3>\n
             The policy may be surrendered after completion of the first policy
            \n year, provided at least one full year\u2019s premium has been paid.
            \n The amount payable is the higher of:<\/p>\n
              \n
            •  Guaranteed Surrender Value, where applicable; or<\/strong><\/li>\n
            •  Special Surrender Value.<\/strong><\/li>\n<\/ul>\n
               Guaranteed Surrender Value is acquired after payment of two
              \n consecutive years\u2019 premiums. Special Surrender Value may become
              \n available earlier under the applicable policy conditions.<\/p>\n
               Surrendering early can result in a substantial loss.<\/strong> The surrender value may be considerably lower than the premiums paid.
              \n Always request an official surrender-value quotation from LIC before
              \n deciding to terminate the policy.<\/p>\n
              Can a Lapsed or Paid-Up Policy Be Revived?<\/h3>\n
               A policy may generally be revived within five consecutive years from the date of the first unpaid premium<\/strong>,
              \n provided revival is completed before the maturity date.<\/p>\n
               Revival normally requires payment of outstanding premiums with
              \n applicable interest. LIC may also require health information, medical
              \n evidence or other proof of continued insurability. LIC may accept the
              \n revival on original or modified terms, or decline it.<\/p>\n
               On an accepted revival, the difference between the full and paid-up
              \n Guaranteed Additions may be restored in accordance with the policy
              \n conditions. If a Regular Income payment became due while the policy
              \n was paid-up, the applicable difference may also be settled according
              \n to LIC\u2019s revival provisions.<\/p>\n
              What Happens to Riders?<\/h3>\n
               Optional riders do not acquire paid-up value. Rider cover generally
              \n ceases when the base policy lapses. Riders can be revived only along
              \n with the base policy and subject to the conditions applicable to the
              \n respective rider.<\/p>\n
               Important:<\/strong> Paid-up, surrender and revival calculations
              \n depend on the exact premium-payment history, elapsed duration and LIC\u2019s
              \n applicable factors. The examples above explain the method and should
              \n not be treated as an official policy quotation.<\/p>\n<\/section>\n
              \n
              Loan Facility under LIC Bima Platinum<\/h2>\n
               LIC Bima Platinum allows the policyholder to borrow against the
              \n policy\u2019s surrender value. This can provide temporary liquidity without
              \n immediately surrendering and terminating the policy.<\/p>\n
              \n
              \u20b9<\/p>\n
               When is a policy loan available?<\/strong>
              A loan may be taken after completion of the first policy year,
              \n provided at least one full year\u2019s premium has been paid and the
              \n policy has acquired the required surrender value.<\/p>\n<\/div>\n
              Maximum Loan during the Premium-Paying Term<\/h3>\n
               During the PPT, the maximum loan depends on whether the policy is
              \n in force or paid-up and on the number of full years\u2019 premiums paid.<\/p>\n
              \n\n\n\n\n\n\n\n\n
              Policy position<\/th>\nPremiums paid<\/th>\nMaximum loan<\/th>\n<\/tr>\n<\/thead>\n
              In-force policy<\/td>\nBefore payment of two full years\u2019 premiums<\/td>\n50% of surrender value<\/td>\n<\/tr>\n
              In-force policy<\/td>\nAfter payment of at least two full years\u2019 premiums<\/td>\n75% of surrender value<\/td>\n<\/tr>\n
              Paid-up policy<\/td>\nBefore payment of two full years\u2019 premiums<\/td>\n40% of surrender value<\/td>\n<\/tr>\n
              Paid-up policy<\/td>\nAfter payment of at least two full years\u2019 premiums<\/td>\n65% of surrender value<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
              \n
              Simple Loan-Limit Example during the PPT<\/p>\n
              \n
               Suppose the surrender value determined by LIC is \u20b94,00,000 and
              \n at least two full years\u2019 premiums have been paid.<\/p>\n
              \n
               If the policy is in force<\/span> 75% \u00d7 \u20b94,00,000 = \u20b93,00,000<\/strong><\/p>\n
               If the policy is paid-up<\/span> 65% \u00d7 \u20b94,00,000 = \u20b92,60,000<\/strong><\/p>\n<\/div>\n
               These are maximum limits based on the assumed surrender value.
              \n The amount sanctioned by LIC may be lower.<\/p>\n<\/div>\n<\/div>\n
              Loan after Completion of the PPT<\/h3>\n
               After the premium-paying term, the maximum loan is normally restricted
              \n to 65% of the surrender value<\/strong>. An additional condition
              \n applies: the effective annual loan interest should not exceed 50% of the eligible annual Regular Income Benefit<\/strong>.<\/p>\n
               Therefore, even if 65% of the surrender value produces a larger loan,
              \n LIC may restrict the sanctioned amount so that the annual interest
              \n remains within the permitted Regular Income limit.<\/p>\n
              Loan Interest<\/h3>\n
               The policy loan carries interest at the rate specified by LIC when
              \n the loan is granted. Interest is compounded half-yearly and must be
              \n paid according to the schedule stated in the loan terms.<\/p>\n
               Because LIC may revise the loan interest rate for new loans, the
              \n applicable rate should be confirmed when applying.<\/p>\n
              How a Policy Loan Affects Income and Claims<\/h3>\n
               Outstanding loan and interest do not remain separate from the policy
              \n benefits. LIC may recover them from amounts becoming payable under
              \n the policy.<\/p>\n
                \n
              •  Regular Income and Booster Income falling due may first be adjusted
                \n against outstanding loan and interest.<\/li>\n
              •  This adjustment applies even when the policyholder has selected the
                \n option to defer income benefits.<\/li>\n
              •  Outstanding loan and interest may be deducted from the death benefit,
                \n maturity benefit, surrender value or other policy proceeds.<\/li>\n
              •  Only the remaining balance, if any, will be paid to the policyholder
                \n or nominee.<\/li>\n<\/ul>\n
                Loan and Income Deferral<\/h3>\n
                 If a policy loan is taken during the premium-paying term, an existing
                \n request to defer future income benefits is cancelled. Income benefits
                \n subsequently becoming due are first used to adjust the loan and
                \n interest, with any balance being paid to the policyholder.<\/p>\n
                 Amounts already accumulated under the deferral option before the loan
                \n was taken may continue to accumulate according to the applicable
                \n policy conditions.<\/p>\n
                 Risk of policy termination:<\/strong> If the outstanding loan
                \n together with accumulated interest becomes greater than the surrender
                \n value and applicable accumulated deferred benefits, the policy may be
                \n forfeited after following LIC\u2019s prescribed procedure.<\/p>\n
                 Important:<\/strong> The loan amount depends on the surrender
                \n value available on the application date, policy status, premiums paid,
                \n eligible Regular Income and LIC\u2019s prevailing loan interest rate.
                \n Always obtain an official loan quotation before borrowing against the
                \n policy.<\/p>\n<\/section>\n
                \n
                Income Deferral Option under Bima Platinum<\/h2>\n
                 A policyholder does not necessarily have to receive the Regular Income
                \n or Booster Income immediately when it becomes payable. LIC allows
                \n these benefits to be deferred and accumulated, subject to the policy
                \n conditions.<\/p>\n
                 The policyholder may defer the Regular Income Benefit, Booster Income Benefit, or both<\/strong>.
                \n This option is available under eligible in-force as well as paid-up
                \n policies.<\/p>\n
                \n
                \n
                R<\/p>\n
                Regular Income<\/h3>\n
                 All future Regular Income payments may be allowed to accumulate
                \n instead of being received on their normal due dates.<\/p>\n<\/div>\n
                \n
                B<\/p>\n
                Booster Income<\/h3>\n
                 The one-time Booster Income may also be deferred instead of being
                \n received on the specified policy anniversary.<\/p>\n<\/div>\n
                \n
                \u20b9<\/p>\n
                Both Benefits<\/h3>\n
                 The policyholder may choose to defer both Regular Income and
                \n Booster Income, subject to LIC\u2019s conditions.<\/p>\n<\/div>\n<\/div>\n
                Conditions for Deferring Income<\/h3>\n
                  \n
                1.  A written request must be submitted to LIC at least three months before the benefit due date<\/strong>.<\/li>\n
                2.  The policy should not have an outstanding policy loan when the
                  \n deferral option is exercised.<\/li>\n
                3.  The request applies to all future benefits of the selected type,
                  \n up to maturity or until the option is cancelled.<\/li>\n
                4.  Deferred amounts accumulate at the rate specified by LIC. The rate
                  \n applicable to each deferred benefit is fixed for its accumulation
                  \n period.<\/li>\n
                5.  Accumulation is calculated for completed months. Fractions of a
                  \n month are ignored.<\/li>\n<\/ol>\n
                  Can Deferred Income Be Withdrawn?<\/h3>\n
                   The policyholder may withdraw the accumulated deferred amount at any
                  \n time before maturity. However, the accumulated amount must be
                  \n withdrawn completely; partial withdrawal is not permitted under this
                  \n option.<\/p>\n
                   After withdrawal, future income benefits will be paid on their normal
                  \n due dates unless the policyholder submits a fresh request to use the
                  \n deferral option again.<\/p>\n
                   Cancelling the deferral option does not automatically withdraw amounts
                  \n that have already accumulated. Previously deferred amounts may continue
                  \n to accumulate, while future benefits are paid normally.<\/p>\n
                  What Happens to Deferred Amounts on Termination?<\/h3>\n
                   Any accumulated deferred amount becomes payable when the earliest of
                  \n the following occurs:<\/p>\n
                    \n
                  • Withdrawal requested by the policyholder;<\/li>\n
                  • Death of the Life Assured;<\/li>\n
                  • Maturity of the policy; or<\/li>\n
                  • Surrender of the policy.<\/li>\n<\/ul>\n
                    Effect of Taking a Policy Loan<\/h3>\n
                     If a policy loan is taken during the premium-paying term, the request
                    \n to defer future income benefits is cancelled. Income benefits becoming
                    \n due thereafter are first adjusted against outstanding loan and interest.
                    \n Any remaining balance is paid to the policyholder.<\/p>\n
                     Amounts accumulated before the loan was taken may continue to
                    \n accumulate according to the applicable conditions.<\/p>\n
                    Death Benefit in Instalments<\/h2>\n
                     The policyholder may choose to have the full or part of the death
                    \n benefit paid to the nominee in instalments instead of as a single
                    \n lump-sum payment.<\/p>\n
                    Available Instalment Periods<\/h3>\n
                     5 years<\/span> 10 years<\/span> 15 years<\/span><\/p>\n
                     The option may cover either a specified rupee amount or a specified
                    \n percentage of the death benefit. Any portion not selected for
                    \n instalment payment is paid as a lump sum.<\/p>\n
                     Instalments may be received yearly, half-yearly, quarterly or monthly
                    \n in advance, subject to the following minimum amounts.<\/p>\n
                    \n\n\n\n\n\n\n\n\n
                    Instalment frequency<\/th>\nMinimum instalment<\/th>\n<\/tr>\n<\/thead>\n
                    Monthly<\/td>\n\u20b95,000<\/strong><\/td>\n<\/tr>\n
                    Quarterly<\/td>\n\u20b915,000<\/strong><\/td>\n<\/tr>\n
                    Half-yearly<\/td>\n\u20b925,000<\/strong><\/td>\n<\/tr>\n
                    Yearly<\/td>\n\u20b950,000<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
                     If the available death-benefit amount is insufficient to provide the
                    \n required minimum instalment, LIC will pay the benefit as a lump sum.<\/p>\n
                     The instalment option must be selected by the policyholder during the
                    \n Life Assured\u2019s minority or by the Life Assured after attaining age 18.
                    \n The nominee cannot change the chosen instalment arrangement.<\/p>\n
                    Settlement Option for the Maturity Benefit<\/h2>\n
                     Bima Platinum also allows the full or partial maturity benefit to be
                    \n received in instalments instead of taking the entire amount on the
                    \n maturity date.<\/p>\n
                     The maturity settlement option is available for:<\/p>\n
                     5 years<\/span> 10 years<\/span> 15 years<\/span><\/p>\n
                     The same monthly, quarterly, half-yearly and yearly minimum instalment
                    \n amounts shown above apply to the maturity settlement option.<\/p>\n
                    Important Conditions<\/h3>\n
                      \n
                    •  The option may be exercised for the full maturity benefit or only
                      \n part of it.<\/li>\n
                    •  The amount may be specified as a fixed rupee amount or as a
                      \n percentage of the maturity benefit.<\/li>\n
                    •  The request must be submitted at least three months before the maturity date<\/strong>.<\/li>\n
                    •  The first instalment is payable on the maturity date. Subsequent
                      \n instalments are paid according to the chosen frequency.<\/li>\n
                    •  If the amount is insufficient to meet the minimum instalment
                      \n requirement, the maturity benefit is paid as a lump sum.<\/li>\n<\/ul>\n
                      Can the Settlement Option Be Discontinued Later?<\/h3>\n
                       After maturity instalments have started, the Life Assured may request
                      \n payment of the outstanding instalments as a lump sum. LIC will
                      \n calculate the commuted value according to the policy conditions.<\/p>\n
                       The lump sum will be the higher of:<\/p>\n
                        \n
                      • The discounted value of the remaining instalments; or<\/li>\n
                      •  The original amount placed under the settlement option minus the
                        \n instalments already paid.<\/li>\n<\/ul>\n
                         Once the commuted amount is paid, the policy terminates.<\/p>\n
                        Death after Maturity<\/h3>\n
                         If the Life Assured dies after maturity while settlement instalments
                        \n are still being paid, the remaining instalments continue to be paid
                        \n to the nominee according to the existing schedule.<\/p>\n
                        \n
                        \n
                        Income Deferral<\/h3>\n
                         Regular or Booster Income is allowed to accumulate before maturity.
                        \n The accumulated amount may be withdrawn completely before maturity.<\/p>\n<\/div>\n
                        \n
                        Maturity Settlement<\/h3>\n
                         The maturity amount is converted into scheduled instalments after
                        \n the policy reaches maturity.<\/p>\n<\/div>\n<\/div>\n
                         Important:<\/strong> Accumulation and instalment rates are
                        \n determined by LIC and may change for new options. The policyholder
                        \n should obtain an official quotation showing the applicable rate,
                        \n instalment amount and payment schedule before selecting any option.<\/p>\n<\/section>\n
                        \n
                        Optional Riders Available with LIC Bima Platinum<\/h2>\n
                         Riders are optional benefits that can be added to the base policy by
                        \n paying an additional premium. Bima Platinum offers five riders,
                        \n subject to age, term, underwriting and other eligibility conditions.<\/p>\n
                         Riders do not change the guaranteed income, Booster Income or maturity
                        \n structure of the base policy. They provide additional protection
                        \n against specified risks such as accidental death, disability, death
                        \n of the proposer or diagnosed critical illness.<\/p>\n
                         Important restriction:<\/strong> A policyholder may select
                        \n either the Accidental Death and Disability Benefit Rider or the
                        \n Accident Benefit Rider. Both accident riders cannot be selected
                        \n together. Eligible remaining riders may be added separately.<\/p>\n
                        Riders at a Glance<\/h3>\n
                        \n\n\n\n\n\n\n\n\n\n
                        Rider<\/th>\nPrimary protection<\/th>\nWhen can it be added?<\/th>\nImportant point<\/th>\n<\/tr>\n<\/thead>\n
                        Accidental Death and Disability Benefit Rider<\/td>\nAccidental death and specified permanent disability<\/td>\nAt inception or during the base PPT, subject to conditions<\/td>\nIncludes disability instalments and eligible premium waiver<\/td>\n<\/tr>\n
                        Accident Benefit Rider<\/td>\nAdditional benefit on accidental death<\/td>\nAt inception or during the base PPT, subject to conditions<\/td>\nAccident cover normally continues only until the end of the PPT<\/td>\n<\/tr>\n
                        New Term Assurance Rider<\/td>\nAdditional life cover on death<\/td>\nOnly at policy inception<\/td>\nMaximum rider term is subject to the base term and rider limits<\/td>\n<\/tr>\n
                        Premium Waiver Benefit Rider<\/td>\nWaiver of eligible future base premiums on the proposer\u2019s death<\/td>\nFor policies taken on the life of an eligible minor<\/td>\nThe rider is taken on the proposer\u2019s life<\/td>\n<\/tr>\n
                        Critical Illness Health Rider<\/td>\nLump-sum benefit on diagnosis of covered critical illnesses<\/td>\nOnly at policy inception<\/td>\nAvailable with options covering 15 or 40 specified illnesses<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
                        \n
                         1<\/span><\/p>\n
                        Accidental Death and Disability Benefit Rider<\/h3>\n<\/p>\n
                        \n
                         UIN: 512B209V02<\/strong><\/p>\n
                         If the Life Assured dies due to an accident within the period
                        \n specified under the rider, the Accident Benefit Sum Assured is
                        \n payable in addition to the base-policy death benefit.<\/p>\n
                         In the case of specified accidental permanent disability, the
                        \n Accident Benefit Sum Assured is paid in equal monthly instalments
                        \n over ten years. Eligible future rider premiums and the corresponding
                        \n portion of the base-policy premium may also be waived.<\/p>\n
                        \n
                         Minimum entry age<\/span> 18 years completed<\/strong><\/p>\n
                         Maximum entry age<\/span> 60 years nearer birthday<\/strong><\/p>\n
                         Maximum cover age<\/span> 70 years nearer birthday<\/strong><\/p>\n<\/div>\n
                         The rider term is limited to the remaining base-policy term or
                        \n the period up to age 70, whichever is shorter. The rider
                        \n premium-paying term is also subject to the age-65 limit and
                        \n minimum outstanding-term requirements.<\/p>\n<\/div>\n<\/div>\n
                        \n
                         2<\/span><\/p>\n
                        Accident Benefit Rider<\/h3>\n<\/p>\n
                        \n
                         UIN: 512B203V03<\/strong><\/p>\n
                         This rider pays an additional Accident Benefit Sum Assured if the
                        \n Life Assured dies because of an accident, subject to the rider\u2019s
                        \n claim conditions.<\/p>\n
                         Unlike the ADDB Rider, this rider does not provide the same
                        \n permanent-disability instalment benefit. Its accident cover
                        \n generally continues only until completion of the base-policy PPT.<\/p>\n
                        \n
                         Minimum entry age<\/span> 18 years completed<\/strong><\/p>\n
                         Maximum entry age<\/span> 60 years nearer birthday<\/strong><\/p>\n
                         Maximum cover age<\/span> 65 years nearer birthday<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n
                        ADDB Rider versus Accident Benefit Rider<\/h3>\n
                        \n
                        \n
                        ADDB Rider<\/h3>\n
                         Covers accidental death and specified permanent disability. It
                        \n may provide disability instalments and waiver of eligible future
                        \n premiums. Cover can extend beyond the base PPT, subject to the
                        \n rider term.<\/p>\n<\/div>\n
                        \n
                        Accident Benefit Rider<\/h3>\n
                         Primarily provides an additional accidental-death benefit. Its
                        \n cover is generally limited to the base premium-paying term and
                        \n it does not provide the same disability benefit.<\/p>\n<\/div>\n<\/div>\n
                        \n
                         3<\/span><\/p>\n
                        New Term Assurance Rider<\/h3>\n<\/p>\n
                        \n
                         UIN: 512B210V02<\/strong><\/p>\n
                         This rider provides an additional Term Rider Sum Assured if the
                        \n Life Assured dies during the rider term. The benefit is payable
                        \n in addition to the death benefit under Bima Platinum.<\/p>\n
                         It can be selected only when the base policy is purchased. It
                        \n cannot ordinarily be added later.<\/p>\n
                        \n
                         Minimum rider cover<\/span> \u20b91,00,000<\/strong><\/p>\n
                         Maximum rider cover<\/span> Up to Basic Sum Assured<\/strong><\/p>\n
                         Overall rider limit<\/span> \u20b925 lakh<\/strong><\/p>\n<\/div>\n
                         The rider term is limited to the base-policy term or 35 years,
                        \n whichever is shorter, and cover cannot extend beyond the
                        \n applicable maximum age.<\/p>\n<\/div>\n<\/div>\n
                        \n
                         4<\/span><\/p>\n
                        Premium Waiver Benefit Rider<\/h3>\n<\/p>\n
                        \n
                         UIN: 512B204V04<\/strong><\/p>\n
                         This rider is relevant when Bima Platinum is purchased on the life
                        \n of a minor. The rider is taken on the life of the eligible proposer,
                        \n such as a parent.<\/p>\n
                         If the proposer dies during the rider term, eligible future base
                        \n premiums falling due during the remaining rider period are waived.
                        \n The base policy can then continue without those premiums being
                        \n paid personally.<\/p>\n
                        \n
                         Life Assured<\/span> Minor aged up to 17<\/strong><\/p>\n
                         Proposer minimum age<\/span> 18 years completed<\/strong><\/p>\n
                         Proposer maximum entry<\/span> 55 years nearer birthday<\/strong><\/p>\n<\/div>\n
                         Premiums for other riders are not waived. If the base PPT extends
                        \n beyond the Premium Waiver Rider term, premiums falling due after
                        \n expiry of the rider term must again be paid.<\/p>\n<\/div>\n<\/div>\n
                        \n
                         5<\/span><\/p>\n
                        Critical Illness Health Rider<\/h3>\n<\/p>\n
                        \n
                         UIN: 512B227V01<\/strong><\/p>\n
                         This rider pays a lump-sum Critical Illness Sum Assured when the
                        \n Life Assured is diagnosed with a covered illness and satisfies
                        \n the rider\u2019s waiting period, survival period and other claim
                        \n conditions.<\/p>\n
                         It must be selected at policy inception. Two coverage options are
                        \n available:<\/p>\n
                          \n
                        •  Option 1:<\/strong> Coverage for 15 specified major
                          \n critical illnesses.<\/li>\n
                        •  Option 2:<\/strong> Coverage for 40 specified major
                          \n critical illnesses, including the Assisted Living Benefit.<\/li>\n<\/ul>\n
                           Under Option 2, seven specified illnesses may also qualify for an
                          \n Assisted Living Benefit equal to 1% of the Critical Illness Sum
                          \n Assured every month for 36 months, subject to the rider conditions.<\/p>\n
                          \n
                           Minimum rider cover<\/span> \u20b91,00,000<\/strong><\/p>\n
                           Maximum rider cover<\/span> Up to Basic Sum Assured<\/strong><\/p>\n
                           Overall CI limit<\/span> \u20b91 crore<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n
                          General Rider Limits and Conditions<\/h3>\n
                          \n
                            \n
                          •  All riders are subject to LIC\u2019s underwriting and eligibility
                            \n requirements.<\/li>\n
                          •  The combined premiums for life-insurance riders cannot generally
                            \n exceed 30% of the base-policy premium.<\/li>\n
                          •  The Critical Illness Health Rider premium cannot exceed 100% of
                            \n the base-policy premium.<\/li>\n
                          •  Each rider has its own minimum and maximum Sum Assured, term and
                            \n cover-ceasing age.<\/li>\n
                          •  Rider premiums are payable in addition to the Bima Platinum
                            \n base premium and applicable taxes.<\/li>\n
                          •  Riders are not available where the policy is sold through the
                            \n POSP-LI or CPSC-SPV channel.<\/li>\n<\/ul>\n<\/div>\n
                             Riders do not acquire paid-up value.<\/strong> Rider cover
                            \n generally ceases if the base policy lapses. A rider may be revived
                            \n only along with the base policy and subject to the conditions
                            \n applicable to that rider.<\/p>\n
                            Should You Add a Rider?<\/h3>\n
                             A rider should be selected only after considering the protection
                            \n already available through separate term insurance, accident insurance
                            \n and health insurance. Compare the rider\u2019s coverage period, exclusions,
                            \n benefit amount and premium with equivalent standalone insurance before
                            \n making a decision.<\/p>\n
                             Important:<\/strong> This is only a simplified summary. Every
                            \n rider is governed by its separate policy document, exclusions, waiting
                            \n periods and claim conditions. Read the applicable rider brochure and
                            \n obtain LIC\u2019s official quotation before selecting a rider.<\/p>\n<\/section>\n
                            \n
                            Advantages and Limitations of LIC Bima Platinum<\/h2>\n
                             Bima Platinum combines guaranteed income, a one-time Booster and a
                            \n maturity benefit within a limited-premium insurance policy. However,
                            \n whether it is suitable depends on the buyer\u2019s financial objective,
                            \n ability to continue premiums and need for life insurance protection.<\/p>\n
                             Bima Platinum should be evaluated as a long-term guaranteed savings and income plan<\/strong>. It is
                            \n neither a market-linked investment nor a substitute for evaluating
                            \n adequate term-insurance coverage.<\/p>\n
                            \n
                            \n
                            Important Advantages<\/p>\n
                            \n
                              \n
                            •  Benefits are defined in advance<\/strong> Regular Income, Booster Income and the Basic Sum Assured
                              \n payable at maturity are specified under the policy.<\/li>\n
                            •  Limited premium commitment<\/strong> Premiums are payable only for the selected PPT, while the
                              \n policy and its benefits continue for a longer term.<\/li>\n
                            •  Regular guaranteed income<\/strong> The policy pays 10% of the Basic Sum Assured every year during
                              \n the applicable payout period.<\/li>\n
                            •  Substantial one-time Booster<\/strong> An additional 70% of the Basic Sum Assured is payable five
                              \n years after completion of the PPT.<\/li>\n
                            •  Income does not reduce maturity BSA<\/strong> Regular and Booster Income payments do not reduce the full
                              \n Basic Sum Assured payable at maturity.<\/li>\n
                            •  Guaranteed Additions<\/strong> Eligible Guaranteed Additions accrue during the PPT and are
                              \n added to the maturity or applicable death benefit.<\/li>\n
                            •  Life insurance protection<\/strong> The policy provides a death benefit throughout the policy
                              \n term, subject to policy status and conditions.<\/li>\n
                            •  Useful flexibility<\/strong> Loan, income deferral and maturity\/death instalment options
                              \n are available subject to eligibility and policy conditions.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
                              \n
                              Limitations to Consider<\/p>\n
                              \n
                                \n
                              •  Long financial commitment<\/strong> Depending on the chosen option, premiums may continue for as
                                \n long as 18 years and the policy term may extend to 40 years.<\/li>\n
                              •  Early surrender can be disadvantageous<\/strong> The surrender value, particularly in the early years, may be
                                \n substantially lower than the total premiums paid.<\/li>\n
                              •  No market-linked growth<\/strong> The policy does not participate directly in equity-market
                                \n growth or other market-linked investment performance.<\/li>\n
                              •  No profit-linked bonus<\/strong> As a non-participating plan, it does not earn bonuses based
                                \n on LIC\u2019s future profits.<\/li>\n
                              •  Inflation can reduce future purchasing power<\/strong> A fixed \u20b91 lakh annual income may be valuable today but could
                                \n purchase considerably less after 15 or 20 years.<\/li>\n
                              •  Insurance cover may be insufficient<\/strong> The death benefit should be compared with the family\u2019s actual
                                \n life-cover requirement. Separate term insurance may still be
                                \n necessary.<\/li>\n
                              •  Benefits reduce if premiums are discontinued<\/strong> Paid-up Regular Income, Booster, death and maturity benefits
                                \n are proportionately reduced.<\/li>\n
                              •  Additional costs apply<\/strong> GST, optional rider premiums and underwriting extra premiums
                                \n are additional and affect the policyholder\u2019s actual cash flow.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n
                                Who May Consider LIC Bima Platinum?<\/h2>\n
                                \n
                                \n
                                Bima Platinum may be suitable if you:<\/h3>\n
                                  \n
                                • Prefer predictable benefits rather than market-linked returns.<\/li>\n
                                •  Can comfortably pay all premiums throughout the selected PPT.<\/li>\n
                                •  Want annual income beginning after a predetermined number of years.<\/li>\n
                                •  Have a planned need for a larger one-time amount through the
                                  \n Booster Income.<\/li>\n
                                •  Want income during the policy term without reducing the full
                                  \n Basic Sum Assured payable at maturity.<\/li>\n
                                •  Have already considered adequate emergency savings, health
                                  \n insurance and life cover.<\/li>\n<\/ul>\n<\/div>\n
                                  \n
                                  It may not be suitable if you:<\/h3>\n
                                    \n
                                  • May need access to the invested money within a few years.<\/li>\n
                                  •  Are uncertain about your ability to continue premiums for the
                                    \n complete PPT.<\/li>\n
                                  •  Primarily need a large amount of life cover at a low premium.<\/li>\n
                                  •  Expect equity-like or inflation-beating long-term growth.<\/li>\n
                                  •  Prefer complete flexibility over contributions and withdrawals.<\/li>\n
                                  •  Have not yet established an emergency fund or adequate health
                                    \n and term-insurance protection.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
                                    Guaranteed Does Not Automatically Mean Suitable<\/h3>\n
                                    \n
                                    Consider the timing of every payment<\/h3>\n
                                     Adding all future benefits and comparing the total with the premiums
                                    \n paid can give a misleading impression. Premiums are paid in earlier
                                    \n years, while several benefits are received many years later.<\/p>\n
                                     A proper evaluation should calculate the policy\u2019s internal rate of return, or IRR<\/strong>, using the exact
                                    \n timing of every premium and benefit.<\/p>\n<\/div>\n
                                     Inflation matters:<\/strong> Even though the rupee amount is
                                    \n guaranteed, its future purchasing power is not. Compare the expected
                                    \n policy return with your long-term inflation assumption and alternative
                                    \n guaranteed products before deciding.<\/p>\n
                                    Questions to Ask before Buying<\/h3>\n
                                      \n
                                    •  Can I continue the premium comfortably for the entire selected PPT?<\/li>\n
                                    •  At what age will my Regular Income start and when will it stop?<\/li>\n
                                    •  Does the Booster payment year match a genuine financial requirement?<\/li>\n
                                    •  What is the total premium including GST and optional riders?<\/li>\n
                                    •  Which Guaranteed Addition enhancements am I actually eligible for?<\/li>\n
                                    •  What is the policy\u2019s approximate IRR based on the official benefit
                                      \n illustration?<\/li>\n
                                    •  How does the death cover compare with my family\u2019s required life cover?<\/li>\n
                                    •  What would I receive if I stopped premiums or surrendered early?<\/li>\n
                                    •  Have I compared this plan with term insurance, deposits and other
                                      \n long-term investment choices?<\/li>\n<\/ul>\n
                                      Our View on LIC Bima Platinum<\/h2>\n
                                      \n
                                      A structured guaranteed-income plan\u2014not a high-growth investment<\/h3>\n
                                       Bima Platinum offers an interesting combination of limited premium
                                      \n payment, yearly guaranteed income, a one-time Booster and a separate
                                      \n maturity benefit. Its strongest appeal is the certainty and timing
                                      \n of the benefits rather than the possibility of high investment growth.<\/p>\n
                                       The plan may be useful for conservative customers who can retain the
                                      \n policy for its complete term and whose financial goals match its
                                      \n payout schedule. However, it should be purchased only after checking
                                      \n affordability, inflation, effective return and adequacy of life cover.<\/p>\n<\/div>\n
                                       Important:<\/strong> Guaranteed benefits remain subject to the
                                      \n policy remaining eligible for those benefits. Bima Platinum is an
                                      \n insurance contract and should not be described as a bank deposit,
                                      \n government security or market-linked investment.<\/p>\n<\/section>\n
                                      \n
                                      Tax Treatment of LIC Bima Platinum<\/h2>\n
                                       Tax treatment depends on the prevailing Income-tax Act, the tax regime
                                      \n selected by the taxpayer, the annual premium, the Sum Assured, other
                                      \n insurance policies held and the nature of the amount received.<\/p>\n
                                       Do not purchase this policy only for tax saving.<\/strong> Tax provisions may change during the long policy term, and the
                                      \n treatment applicable to one policyholder may differ from another.<\/p>\n
                                      \n
                                      \n
                                      80C<\/p>\n
                                      Deduction on Premiums<\/h3>\n
                                       Eligible life-insurance premiums may qualify for deduction under
                                      \n Section 80C when the taxpayer uses the old tax regime, subject to
                                      \n the conditions of that section.<\/p>\n
                                       The combined Section 80C limit is currently \u20b91,50,000 and includes
                                      \n several other eligible investments and payments. The entire Bima
                                      \n Platinum premium may not necessarily qualify.<\/p>\n<\/div>\n
                                      \n
                                      10D<\/p>\n
                                      Taxation of Policy Benefits<\/h3>\n
                                       Regular Income, Booster Income and maturity proceeds may qualify
                                      \n for exemption under Section 10(10D) only when all applicable
                                      \n conditions are satisfied.<\/p>\n
                                       The exemption should not be assumed merely because the amount is
                                      \n received from a life-insurance policy.<\/p>\n<\/div>\n
                                      \n
                                      \u20b95L<\/p>\n
                                      High-Premium Policy Rule<\/h3>\n
                                       For eligible non-ULIP life-insurance policies issued on or after
                                      \n 1 April 2023, the Section 10(10D) exemption is subject to an
                                      \n annual-premium limit of \u20b95 lakh.<\/p>\n
                                       Where a person holds multiple relevant policies, their aggregate
                                      \n premiums may need to be considered when applying this limit.<\/p>\n<\/div>\n
                                      \n
                                      TDS<\/p>\n
                                      TDS on Taxable Proceeds<\/h3>\n
                                       If a policy payment is taxable and the recipient is resident,
                                      \n Section 194DA may require tax to be deducted at source on the
                                      \n income component of the payment.<\/p>\n
                                       The current TDS rate is 2%, subject to the applicable payment
                                      \n threshold and tax provisions.<\/p>\n<\/div>\n<\/div>\n
                                      Are Death Benefits Tax-Free?<\/h3>\n
                                       Amounts received on the death of the Life Assured generally continue
                                      \n to qualify for exemption under Section 10(10D), even where the
                                      \n high-premium conditions affect maturity or survival proceeds.<\/p>\n
                                       Tax position requires individual verification.<\/strong> Bima Platinum can produce several payments across different financial
                                      \n years. Obtain advice from a qualified tax professional, particularly
                                      \n where annual premiums across relevant life-insurance policies approach
                                      \n or exceed \u20b95 lakh.<\/p>\n
                                      Frequently Asked Questions about LIC Bima Platinum<\/h2>\n
                                      \n
                                      \nIs LIC Bima Platinum linked to the stock market?<\/summary>\n
                                      \n
                                       No. It is a non-linked plan. Policy benefits are not based on
                                      \n stock-market or unit-fund performance.<\/p>\n<\/div>\n<\/details>\n
                                      \nDoes Bima Platinum earn LIC bonuses?<\/summary>\n
                                      \n
                                       No. It is a non-participating plan and therefore does not earn
                                      \n bonuses linked to LIC\u2019s profits. It provides Guaranteed Additions
                                      \n according to the policy conditions instead.<\/p>\n<\/div>\n<\/details>\n
                                      \nWhen does Regular Income begin?<\/summary>\n
                                      \n
                                       The first Regular Income Benefit becomes payable at the end of
                                      \n the selected premium-paying term, provided the policy remains
                                      \n eligible for the benefit.<\/p>\n<\/div>\n<\/details>\n
                                      \nHow much Regular Income is payable?<\/summary>\n
                                      \n
                                       The annual Regular Income Benefit is 10% of the Basic Sum
                                      \n Assured. A \u20b910 lakh Basic Sum Assured therefore provides
                                      \n \u20b91 lakh of annual Regular Income.<\/p>\n<\/div>\n<\/details>\n
                                      \nHow many Regular Income payments will I receive?<\/summary>\n
                                      \n
                                       The number of payments is generally equal to the policy term
                                      \n minus the premium-paying term. For a 20-year policy with a
                                      \n 10-year PPT, ten Regular Income payments are scheduled.<\/p>\n<\/div>\n<\/details>\n
                                      \nWhen is Booster Income paid?<\/summary>\n
                                      \n
                                       Booster Income is payable five years after completion of the
                                      \n selected PPT. It is equal to 70% of the Basic Sum Assured.<\/p>\n<\/div>\n<\/details>\n
                                      \nDoes the income received reduce the maturity amount?<\/summary>\n
                                      \n
                                       No. Regular Income and Booster Income do not reduce the full
                                      \n Basic Sum Assured payable at maturity. Accumulated Guaranteed
                                      \n Additions are also added to the maturity Basic Sum Assured.<\/p>\n<\/div>\n<\/details>\n
                                      \nAre Guaranteed Additions calculated on Basic Sum Assured?<\/summary>\n
                                      \n
                                       No. The applicable rate is applied to the relevant annualized
                                      \n premiums paid. Basic Sum Assured is used to determine whether
                                      \n a high-Sum-Assured enhancement is available.<\/p>\n<\/div>\n<\/details>\n
                                      \nWhat happens if I stop paying premiums?<\/summary>\n
                                      \n
                                       If the policy has acquired paid-up status, its benefits continue
                                      \n at reduced levels. If the required minimum premium-payment
                                      \n condition has not been met, benefits may cease after the grace
                                      \n period. Revival may be possible within the permitted period.<\/p>\n<\/div>\n<\/details>\n
                                      \nCan I take a loan under Bima Platinum?<\/summary>\n
                                      \n
                                       Yes. A loan may become available after completion of the first
                                      \n policy year and payment of one full year\u2019s premium, subject to
                                      \n the policy acquiring the required surrender value.<\/p>\n<\/div>\n<\/details>\n
                                      \nCan Regular or Booster Income be deferred?<\/summary>\n
                                      \n
                                       Yes. Eligible future Regular Income, Booster Income or both may
                                      \n be deferred, subject to advance notice, absence of an outstanding
                                      \n loan and other policy conditions.<\/p>\n<\/div>\n<\/details>\n
                                      \nCan both accident riders be selected?<\/summary>\n
                                      \n
                                       No. The policyholder may select either the Accidental Death and
                                      \n Disability Benefit Rider or the Accident Benefit Rider\u2014not both.<\/p>\n<\/div>\n<\/details>\n
                                      \nIs the calculator on this page an official LIC calculator?<\/summary>\n
                                      \n
                                       No. It is an independent indicative calculator prepared for
                                      \n educational purposes. LIC\u2019s official quotation and signed
                                      \n benefit illustration will govern the actual premium and benefits.<\/p>\n<\/div>\n<\/details>\n
                                      \nIs Bima Platinum available permanently?<\/summary>\n
                                      \n
                                       No. It is a close-ended plan scheduled for sale from 7 September
                                      \n 2026 to 31 March 2027. LIC may stop accepting new proposals after
                                      \n the closing date.<\/p>\n<\/div>\n<\/details>\n<\/div>\n
                                      \n
                                      Conclusion: Should You Buy LIC Bima Platinum?<\/h2>\n
                                       LIC Bima Platinum offers a distinctive combination of limited
                                      \n premium payment, annual guaranteed income, a one-time Booster and
                                      \n payment of the complete Basic Sum Assured with Guaranteed Additions
                                      \n at maturity.<\/p>\n
                                       Its principal strength is predictability. Its principal limitation
                                      \n is the long commitment and the possibility that fixed future
                                      \n benefits may lose purchasing power because of inflation.<\/p>\n
                                       Consider the plan only if its premium commitment and payout dates
                                      \n match genuine financial goals. Before purchasing, check the official
                                      \n benefit illustration, effective return, surrender values, tax
                                      \n position and adequacy of the life cover.<\/p>\n<\/div>\n
                                      Read More on InsuranceFunda<\/h2>\n
                                      Official References and External Links<\/h2>\n
                                      \n
                                      Verify the Plan and Current Rules<\/h3>\n<\/div>\n
                                       Disclaimer:<\/strong> This article and calculator are intended
                                      \n solely for general education and information. They do not constitute
                                      \n an official LIC quotation, personalised insurance recommendation,
                                      \n investment advice, legal advice or tax advice. Premiums, benefits,
                                      \n eligibility, rider availability, surrender values and tax treatment
                                      \n are subject to LIC\u2019s official policy documents, underwriting decisions
                                      \n and prevailing laws. Readers should examine the official sales brochure,
                                      \n policy document, Customer Information Sheet and signed benefit
                                      \n illustration before purchasing. In case of any difference, LIC\u2019s
                                      \n official documents and applicable law will prevail.<\/p>\n<\/section>\n
                                       <\/div>\n\n","protected":false},"excerpt":{"rendered":"
                                      LIC\u2019s Bima Platinum (Plan No. 770, UIN: 512N397V01) is a close-ended, limited-premium life insurance plan that combines guaranteed annual income with long-term savings. The plan will be available for purchase from 7 September 2026 until 31 March 2027. Bima Platinum is classified as a non-linked, non-participating, individual life insurance savings plan. In simple terms, its […]<\/p>\n","protected":false},"author":1,"featured_media":7058551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[11283,145205,10470,3037,6897,14551,10933,2414,565,3749],"dealstore":[],"offerexpiration":[],"class_list":["post-7058550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance","tag-benefits","tag-bima","tag-calculator","tag-complete","tag-details","tag-lics","tag-plan","tag-platinum","tag-premium","tag-review"],"yoast_head":"\nLIC\u2019s Bima Platinum Plan 770: Complete Details, Premium Calculator, Benefits and Review - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=7058550\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC\u2019s Bima Platinum Plan 770: Complete Details, Premium Calculator, Benefits and Review - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"LIC\u2019s Bima Platinum (Plan No. 770, UIN: 512N397V01) is a close-ended, limited-premium life insurance plan that combines guaranteed annual income with long-term savings. The plan will be available for purchase from 7 September 2026 until 31 March 2027. Bima Platinum is classified as a non-linked, non-participating, individual life insurance savings plan. 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