LIC Bima Ratna Calculator – Plan 764 Premium & Guaranteed Benefits

LIC Bima Ratna Calculator (Plan 764) is a guaranteed returns, savings-cum-protection plan designed to offer financial stability along with life cover. With the Bima Ratna Calculator, you can easily estimate your premium, guaranteed additions, maturity benefit, and death benefit based on your age, sum assured, and policy term.

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LIC Bima Ratna (764)

Money Back Plan with Guaranteed Additions

Age at Entry (Years) Min: 30 days, Max: 45 years (PT 25)

Policy Term (Years) Available: 15, 20, 25 years

Basic Sum Assured (₹) Min: ₹5,00,000. Multiples of ₹25,000

Premium Paying Term (Years) Calculated based on Policy Term

Maturity Age Age + Policy Term (Max: 70 Years)

Premium Payment Mode Choose your payment frequency

Non-Par Money Back Plan: LIC’s Bima Ratna 764 is a NON-PARTICIPATING plan with GUARANTEED ADDITIONS! Get back 2 survival benefits (25% BSA each) during policy term + 50% BSA at maturity. Guaranteed Additions @ ₹50/₹1000 (1-5Y), ₹55/₹1000 (6-10Y), ₹60/₹1000 (11-25Y) during PPT. Death benefit = Higher of (125% BSA or 7x AP) + GA. All benefits guaranteed at inception!

PREMIUM OPTIONS (with GST & Rebates)

Limited premium payment for guaranteed money back + additions!

Yearly

₹1,51,045

Base+Rebate: ₹1,44,550
GST (4.5%): ₹6,495
Total: ₹1,51,045

Half Yearly

₹77,225

Base+Rebate: ₹73,900
GST (4.5%): ₹3,325
Total: ₹77,225

Quarterly

₹39,320

Base+Rebate: ₹37,620
GST (4.5%): ₹1,700
Total: ₹39,320

Monthly (NACH)

₹13,215

Base+Rebate: ₹12,645
GST (4.5%): ₹570
Total: ₹13,215

Premium includes mode & high SA rebates. First Year GST: 4.5%, Second Year onwards: 2.25%. Surrender value after 1 year (1 premium paid).

PLAN DETAILS

Entry Age:	20 Years
Policy Term:	20 Years
Premium Paying Term:	16 Years
Maturity Age:	40 Years
Basic Sum Assured:	₹20,00,000
Death SA (Higher of 125% BSA or 7x AP):	₹25,00,000
Maturity Sum Assured (50% BSA):	₹10,00,000
Total Guaranteed Additions (PPT):	₹18,60,000
Annual Premium (Base):	₹1,44,550

Guaranteed Benefits: Death Benefit = Higher of (125% BSA or 7x AP) + GA (Min 105% of premiums paid). Guaranteed Additions @ ₹50/₹1000 (1-5Y), ₹55/₹1000 (6-10Y), ₹60/₹1000 (11-25Y) during PPT only. Non-participating plan – no bonus uncertainty. Loan after 1 year. Tax benefits u/s 80C & 10(10)D.

OPTIONAL RIDER

Available Rider (Optional at Extra Cost)

LIC’s Premium Waiver Benefit Rider

Future premiums for base policy waived on Proposer’s death. Ensures policy continues without premium burden on family.

UIN: 512B204V04

SURVIVAL BENEFITS (Money Back)

💸 PERIODIC SURVIVAL PAYOUTS (25% BSA Each)

Survival benefits are payable on specified policy years if life assured survives. Total Survival Benefits = ₹10,00,000 (50% of BSA during policy term).

ESTIMATED BENEFITS (All Guaranteed)

Maturity Benefit

₹28,60,000

Sum Assured on Maturity (50% BSA) + Guaranteed Additions accrued during PPT

Death Benefit

₹43,60,000

Higher of (125% BSA or 7x AP) + Guaranteed Additions (Min 105% of premiums paid)

Note: All benefits are GUARANTEED at policy inception. Non-participating plan means no variable bonuses – only fixed guaranteed additions. Death benefit never less than 105% of total premiums paid. Settlement options available for maturity & death benefits (instalments over 5/10/15 years).

Year-wise Policy Details (Guaranteed)

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Year	Age	Cumulative Premium (₹)	Annual GA (₹)	Total GA (₹)	Survival Benefit (₹)	Death Benefit (₹)

Disclaimer: Guaranteed Additions @ ₹50 per ₹1000 BSA (Years 1-5), ₹55 per ₹1000 (Years 6-10), ₹60 per ₹1000 (Years 11-25) during PPT only. Survival benefits paid on specified policy years (varies by term). Death benefit = Higher of (125% BSA or 7x Annual Premium) + Accrued GA, minimum 105% of premiums paid. All values guaranteed at policy inception.

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Use the LIC Bima Ratna (Plan 764) Calculator to get a complete breakdown of premiums and guaranteed policy benefits—quick, accurate, and easy to use.

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