LIC Bima Platinum (Plan No. 770)
New 2026 savings plan – guaranteed additions, a 70% booster payout and 10% yearly income, with life cover.
LIC’s Bima Platinum (Plan 770, UIN 512N397V01) is a non-participating, non-linked, limited premium savings plan that LIC launched on its 70th anniversary (1 September 2026) and made available from 7 September 2026. It combines life cover with three guaranteed benefits: guaranteed additions every premium-paying year, a one-time Booster Income of 70% of the Basic Sum Assured, and a Regular Income of 10% of the Basic Sum Assured every year during the payout period. Because it is non-participating, the benefits are fixed in the policy and do not depend on bonuses.
| Plan name | LIC Bima Platinum |
|---|---|
| Plan number | 770 |
| UIN | 512N397V01 |
| Category | Endowment & Savings Plans |
How LIC Bima Platinum works
- Choose a premium paying term of 7, 10, 12, 15 or 18 years.
- Guaranteed additions of ₹70 per ₹1,000 of annual premium accrue at the end of every year of the premium paying term.
- Booster Income: 70% of the Basic Sum Assured is paid if the life assured survives to the end of the (premium paying term + 5)th policy year.
- Regular Income: 10% of the Basic Sum Assured is paid every year during the payout period (policy term minus premium paying term).
- Life cover continues for the full policy term; on death, the death benefit is paid to the nominee as per policy terms.
- Minimum Basic Sum Assured ₹3,00,000 (in multiples of ₹10,000), no upper limit subject to underwriting.
- Entry age from 30 days to 55 years (maximum depends on the premium paying term); maturity age 28 to 75 years.
Who should buy this plan?
- People who want guaranteed, known payouts instead of bonus-based returns
- Parents planning a lump sum and then yearly income for a child’s studies
- Salaried and business people who want to finish paying premiums in 7–18 years
- Existing LIC policyholders and nominees of deceased policyholders, who get a rebate
Important points before you buy
- Being non-participating, the plan does not get bonuses – all benefits are guaranteed and fixed.
- Rebates are available for existing LIC policyholders and for nominees/beneficiaries of deceased policyholders.
- Riders can be added for extra protection.
- Exact payout years and amounts depend on your entry age, policy term and premium paying term – take LIC’s benefit illustration before you buy.
Why buy LIC Bima Platinum through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
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Get LIC Bima Platinum Quote
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.