LIC Bima Ratna Policy Details: An insurance policy is significant for individuals, especially for those who are the breadwinners of the family, as it provides financial support to the family in case of any unfortunate event. But what if a policy has multiple benefits like survival, guaranteed bonus as well as a death benefit? LIC’s Bima Ratna is a non-linked, non-participating, individual, savings, life insurance plan which offers a combination of all three. 

LIC Bima Ratna: 3 benefits

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The one feature that distinguishes LIC's Bima Ratna from other policies is that it comes with triple benefits - survival benefit, guaranteed bonus and death benefits. 

This plan provides financial support for the family in case of the unfortunate death of the policyholder during the policy term and also provides for periodical payments on the survival of the policyholder at specified durations to meet the various financial needs. This plan also takes care of liquidity needs through loan facilities.

LIC Bima Ratna: Survival benefit 

LIC Bima Ratna policy offers a fixed amount as survival benefit at a specified time for the policy term of 15 years, 20 years and 25 years. At the specified duration during the policy term, 25 per cent of the Basic Sum Assured is received. The survival benefits for various policy terms is as below:

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