LIC LIC's Bima Ratna (Plan No. 864): Full Guide, Eligibility & Premium

LIC's Bima Ratna belongs to LIC's endowment plans family. In one line: money back with guaranteed additions

Eligibility at a glance — entry age 90 days to 55 years; sum assured ₹5,00,000 and above; policy term 15, 20 or 25 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Survival benefit paid in the last years of the term Guaranteed additions through the policy term Non-participating, so returns do not depend on bonuses Loan facility available Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Buyers who want periodic cash flow plus a guaranteed final payout. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Bima Ratna through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.