LIC Bima Jyoti
Objective analysis based on the official brochure and your inputs.
Your policy details
How this is calculated
Basic Sum Assured + accrued Guaranteed Additions at the end of the policy term. — Brochure §6
How this is calculated
Accrues each year on cumulative premiums paid: 7% base plus high-sum-assured, online and existing-policyholder incentives. — Brochure §4 & §9
Special Surrender Value is determined internally by the insurer and reviewed per IRDAI circular. This calculator computes the Guaranteed Surrender Value exactly; the actual surrender value paid is the higher of GSV and SSV.
How this is calculated
Guaranteed Surrender Value = premiums paid × GSV factor + accrued GA × GA-GSV factor. Available after 2 full years. — Brochure §12
How this is calculated
Up to 75% of the surrender value while in force. — Brochure §13
How this is calculated
Sum Assured on Death = higher of the chosen multiple of annual premium or Basic Sum Assured. Second death adds accrued GA. — Brochure §3
How this is calculated
Internal rate of return on the premium outflows against the maturity benefit (XIRR). — Cash-flow IRR
How this is calculated
Maturity benefit discounted at 6% inflation over 20 years — its worth in today's money. — Real value
How this is calculated
The first year the guaranteed surrender value equals the premiums you have paid. — Derived from §12
If you invested the same premium elsewhere
Same ₹60,000/year for 10 years, grown to year 20, after tax. Assumptions are indicative — not a recommendation.
| Option | Assumed CAGR | After-tax value | vs this policy |
|---|---|---|---|
| LIC Bima Jyoti | 6.63% | ₹16,51,000 | — |
| PPFTax-free maturity | 7.1% | ₹17,71,266 | +₹1,20,266 |
| Bank Fixed DepositGains taxed at assumed 30% slab | 7.0% | ₹14,01,426 | −₹2,49,574 |
| GoldLTCG 12.5% above ₹0 | 8.5% | ₹19,85,631 | +₹3,34,631 |
| Nifty 50 Index FundEquity LTCG 12.5% above ₹1,25,000 | 12.0% | ₹32,95,443 | +₹16,44,443 |
| Sensex Index FundEquity LTCG 12.5% above ₹1,25,000 | 12.0% | ₹32,95,443 | +₹16,44,443 |
Policy health profile
Sum Assured on Death is ₹10,00,000, about 1.7× the ₹6,00,000 of premiums payable.
Guaranteed surrender value equals premiums paid in policy year 18 of 20; a loan is available from year 1.
The maturity benefit works out to an annualized return (XIRR) of 6.6%.
After 6.0% assumed inflation the real return is 0.6%; the maturity benefit is worth ₹5,14,790 in today's money.
Single-life plan with 1 death-benefit option and 0 optional riders.
4 premium frequencies, 2 premium-paying term options, and an instalment settlement option.
Benefits are fully guaranteed (non-par); the guaranteed surrender value is published, while the Special Surrender Value is set internally by the insurer.
Out of 5 benchmark options shown, this policy's after-tax maturity is higher than 1.
This profile is a descriptive summary of the figures above — weighted across eight parameters. It is not a rating or a recommendation.
Visual breakdown
Premiums paid
Cumulative premiums over the policy term
Guaranteed Addition growth
Accrued GA accumulating each year
Death benefit
Amount payable on death by policy year
Surrender value
Guaranteed surrender value if exited
Loan eligibility
Maximum loan available against the policy
Inflation impact
Surrender value vs its worth in today's money at 6% inflation
Annualized return comparison
Policy IRR vs assumed benchmark CAGRs
Maturity composition
What makes up the maturity benefit
Explain these numbers
AI-generated — verify against the brochurePick a style; the explanation describes the figures only.
Focused calculators
Zoom into one number at a time for LIC Bima Jyoti.
Source: official brochure · UIN 512N339Vxx · Last verified 2026-06-23. This analysis is based on the official policy brochure and user inputs. Actual benefits are subject to the insurer’s policy terms and conditions.
Educational & neutral
BullTimes Insurance Lab is educational and neutral. It does not recommend buying or rejecting any policy — it presents the numbers so you can decide.
This analysis is based on the official policy brochure and user inputs. Actual benefits are subject to the insurer’s policy terms and conditions.