LIC · Savings · Endowment
Bima Lakshmi
A 25-year non-participating endowment plan for adults offering a choice of three survival-benefit payout patterns, plus a guaranteed maturity lump sum.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryEndowment
InsurerLIC
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A 25-year non-participating endowment plan for adults offering a choice of three survival-benefit payout patterns, plus a guaranteed maturity lump sum.
You might need this if…
- You might need this if you want periodic cash payouts during the policy term rather than waiting until maturity for everything.
- You might need this if you want to choose the shape of your payouts — a single mid-term lump sum, small regular payouts, or larger periodic ones.
- You might need this if you're a woman wanting the option to add a dedicated critical illness rider.
- You might need this if you want a fixed 25-year savings horizon with guaranteed, non-market-linked growth.
How it actually works
- Entry age 18-50 years; fixed 25-year policy term; premium payment term chosen between 7-15 years.
- Minimum Basic Sum Assured ₹2,00,000, multiples of ₹10,000, no maximum.
- Pick one survival-benefit option at inception: Option A (50% of Basic Sum Assured as a lump sum at the end of the premium-paying term), Option B (7.5% of Basic Sum Assured in even years 2-24), or Option C (15% of Basic Sum Assured every 4th year, 4-24).
- Guaranteed Additions accrue yearly at 7% of total tabular annual premium.
- Death benefit is the higher of Basic Sum Assured or 10x tabular annual premium, floor of 105% of premiums paid, plus guaranteed additions.
- Optional riders include accidental death & disability, accident benefit, term assurance, and a Female Critical Illness rider with 3 cover modules.
Worked example
For a 35-year-old with ₹2,00,000 Basic Sum Assured and a 10-year premium term, the annual premium is about ₹34,480 under Option A, ₹44,940 under Option B, or ₹43,190 under Option C.
The tiers
| Option | Survival Benefit Pattern |
|---|
| A | 50% of Basic Sum Assured, paid once at end of premium-paying term |
| B | 7.5% of Basic Sum Assured, paid every even policy year (2, 4, ... 24) |
| C | 15% of Basic Sum Assured, paid every 4th policy year (4, 8, ... 24) |
Worth knowing before you decide
- Non-participating: fixed, guaranteed benefits with no bonus upside.
- Surrender value is minimal in year 1 and only becomes meaningful (guaranteed) from year 2 onward.
- Settlement of maturity/death benefit as instalments has minimum amount thresholds (e.g. ₹5,000/month).
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →