LIC Bima Lakshmi – Plan No. 881
An independent, plain-language look at LIC Bima Lakshmi (Plan No. 881, UIN 512N389V01) — what it offers, who it may suit, and what to check before buying.
Currently Available Endowment / Savings Plan UIN: 512N389V01
What Is LIC Bima Lakshmi?
LIC's Bima Lakshmi is a non-linked, participating endowment-style savings plan offering life cover along with a maturity benefit, structured with survival benefit options during the term under certain variants, per LIC's current plan rules.
Key Features
- Combines life cover with a structured savings/maturity benefit
- Participates in LIC's bonus declarations
- Multiple plan options may be available for how benefits are paid out
Who May Consider This Plan
- Customers looking for a savings-oriented LIC plan combining protection with disciplined savings
- Women policyholders and families evaluating long-term savings options as part of broader financial planning
Important Considerations
As with other participating savings plans, the exact benefit structure, available options and bonus dependence should be reviewed in the current Sales Brochure, since plan options can vary.
Example Scenario
Illustrative only: A customer choosing this plan for a defined savings goal would pay premiums over the chosen term and receive the sum assured plus bonuses on maturity, or a death benefit to the nominee if the life assured dies during the term.
LIC Bima Lakshmi FAQs
It is available to eligible customers generally; the name reflects its savings orientation. Confirm current eligibility and any customer-specific options with S. Kulkarni.
Discuss LIC Bima Lakshmi With S. Kulkarni
Get a personalised illustration and understand how this plan compares with alternatives for your goal.