As the festive season of Chhath Puja 2025 approaches, women across India prepare to observe one of the most sacred rituals dedicated to the Sun God and Chhathi Maiya. The festival symbolizes purity, devotion, and gratitude — where women fast and pray for the health, longevity, and prosperity of their families.
But beyond the prayers and offerings, there is one more important aspect women should focus on — their own financial security.
Recognizing the need to empower women financially, the Life Insurance Corporation of India (LIC) — India’s largest and most trusted insurance provider — has introduced a special insurance plan exclusively for women: the LIC Bima Lakshmi Plan.
This unique scheme blends protection, savings, and guaranteed returns, offering women a safe way to grow their wealth while ensuring their families’ financial stability. With a basic sum assured starting at ₹2,00,000 and no upper limit, this plan is designed to provide peace of mind and prosperity — truly making it a perfect gift of financial independence during this festive season.
🌸 What Is LIC Bima Lakshmi Plan?
The LIC Bima Lakshmi Plan is a Non-Linked, Non-Participating, Individual Life Insurance Savings Plan designed exclusively for women. In simple terms, this means that the plan is not market-linked (so your returns are not affected by stock market ups and downs) and it does not depend on profit-sharing with LIC’s other policies.
This plan combines the benefits of:
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Life protection
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Savings
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Guaranteed additions
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Flexible payout options
It ensures that women can build financial security while also enjoying regular survival benefits and a lump-sum maturity payout.
The policy also offers a loan facility, making it helpful in meeting short-term financial needs without breaking long-term savings.
💫 Key Features of LIC Bima Lakshmi Plan
Here’s what makes the Bima Lakshmi Plan stand out as a smart financial choice for women:
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Designed Exclusively for Women:
Tailored to meet the financial goals and life protection needs of women across all age groups. -
Guaranteed Additions:
Earn a guaranteed addition of 7% on the total tabular annual premium for every year the policy remains active. -
Flexible Survival Benefits:
Choose from three different payout options (A, B, and C) depending on your financial goals — whether you want lump-sum money at once or smaller payouts at regular intervals. -
Flexible Premium Paying Terms:
Select a premium payment period between 7 to 15 years, based on your budget and comfort. -
Attractive Incentives for Higher Coverage:
Women opting for a higher sum assured receive special premium incentives, rewarding long-term commitment. -
Auto Cover Facility:
After paying premiums for at least three full years, the plan automatically extends life cover for a limited period even if further premiums are not paid. -
Rider Benefits:
Enhance coverage by adding optional riders such as Accident Benefit, Disability Benefit, or Critical Illness Riders. -
Liquidity Through Loan Option:
Policyholders can avail of loans against the policy, ensuring liquidity in times of financial need.
🎀 Eligibility Criteria for LIC Bima Lakshmi
Before purchasing the plan, here are the basic eligibility conditions:
| Parameter | Details |
|---|---|
| Minimum Entry Age | 18 years |
| Maximum Entry Age | 50 years |
| Policy Term | 25 years |
| Premium Paying Term | 7 to 15 years |
| Minimum Basic Sum Assured | ₹2,00,000 |
| Maximum Basic Sum Assured | No limit (subject to LIC’s underwriting approval) |
| Sum Assured Multiples | Multiples of ₹10,000 |
This wide range ensures that working women, homemakers, and entrepreneurs can all customize the plan to fit their financial situation.
💎 Benefits of LIC Bima Lakshmi Plan
1. Survival Benefits
Survival benefits are periodic payouts made to the policyholder if she survives through certain stages of the policy term.
LIC allows women to choose from three options at the time of buying the policy.
Option A
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50% of the Basic Sum Assured is paid at the end of the Premium Paying Term.
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Ideal for those who prefer receiving a larger lump sum midway through the policy.
Option B
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7.5% of the Basic Sum Assured is paid every 2 years.
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Suitable for women who want regular cash flow for household or personal expenses.
Option C
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15% of the Basic Sum Assured is paid every 4 years.
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Perfect for women looking for medium-term financial returns to meet future milestones like education, travel, or home renovation.
These options must be selected at the time of purchasing the policy and cannot be changed later.
2. Maturity Benefit
At the end of the policy term, if the life assured (policyholder) survives, she receives:
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Sum Assured on Maturity
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Accrued Guaranteed Additions
This final payout is tax-free under Section 10(10D) (as per prevailing tax laws) and can be used for retirement planning, children’s education, or long-term investments.
3. Guaranteed Additions
One of the most attractive aspects of the plan is the 7% guaranteed addition on the total annual premium paid, for every policy year.
This means your investment doesn’t just sit idle — it grows steadily and provides you a guaranteed corpus at maturity.
For instance:
If your annual premium is ₹40,000, you get a guaranteed addition of ₹2,800 per year (7% of ₹40,000). Over 15 years, that alone totals ₹42,000 — and that’s in addition to the maturity amount and survival benefits!
4. Death Benefit
In the unfortunate event of the policyholder’s death during the policy term (after the commencement of risk), the nominee receives:
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Sum Assured on Death (which includes the Basic Sum Assured and accrued Guaranteed Additions), and
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This amount will not be less than 105% of total premiums paid up to the date of death.
This ensures that the family’s financial future remains secure, even in the absence of the policyholder.
5. Loan Facility
After paying premiums for at least two full years, women can avail of a loan against their policy. This helps in meeting emergency expenses like education, medical needs, or home repair — without disturbing long-term savings.
6. Rider Benefits for Extra Protection
Women can enhance their protection by adding optional riders at an additional cost, such as:
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LIC’s Accidental Death and Disability Benefit Rider
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LIC’s New Critical Illness Benefit Rider
These riders provide additional payouts in case of unfortunate events, offering an extra layer of financial protection.
🌿 Why LIC Bima Lakshmi Is Perfect for Women During Chhath Puja 2025
Chhath Puja celebrates devotion, sacrifice, and gratitude — virtues deeply associated with the women who fast and pray for their families’ wellbeing.
The Bima Lakshmi Plan aligns beautifully with this spirit by focusing on women’s own wellbeing and financial independence.
Here’s why this plan is an ideal investment this festive season:
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Exclusive for Women:
Specially designed to cater to women’s financial needs and future goals. -
Guaranteed Returns:
With a fixed 7% guaranteed addition every year, your money grows safely, regardless of market volatility. -
Flexible and Customizable:
You can choose your premium term, survival benefit options, and add riders based on your financial situation. -
Security for the Family:
Offers life cover that ensures your loved ones are financially protected even in your absence. -
Perfect Festive Timing:
Buying this policy during Chhath Puja adds spiritual and emotional significance — symbolizing a commitment not only to family but also to self-empowerment.
💰 Example Illustration
Let’s understand how the LIC Bima Lakshmi plan works with a simple example:
Case Example:
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Name: Meera
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Age: 35 years
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Policy Term: 25 years
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Premium Paying Term: 10 years
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Basic Sum Assured: ₹5,00,000
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Chosen Option: Option B (7.5% every 2 years)
How It Works:
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Meera pays her annual premium regularly for 10 years.
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Every 2 years, she receives ₹37,500 (7.5% of ₹5,00,000) as survival benefit.
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At maturity (after 25 years), she receives the balance maturity sum along with all guaranteed additions accumulated over the years.
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If any unfortunate event occurs, her nominee will receive at least 105% of the total premiums paid or the Basic Sum Assured, whichever is higher.
This combination of security, liquidity, and growth makes it an excellent long-term financial plan for women.
📝 How to Apply for LIC Bima Lakshmi Plan
LIC has made it easy and convenient for women to buy the Bima Lakshmi Plan through both online and offline channels.
Offline Application Process
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Visit Your Nearest LIC Branch or contact a licensed LIC agent.
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Ask for the LIC Bima Lakshmi Plan application form.
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Fill in the form with your details including age, address, income, and nominee information.
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Attach the required documents such as:
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Identity proof (Aadhaar, PAN, Passport)
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Address proof (Utility bill, Aadhaar)
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Age proof (Birth certificate, school certificate)
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Income proof (for higher coverage)
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Select your premium paying term and survival benefit option (A, B, or C).
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Pay your first premium installment to activate the policy.
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Once approved, LIC will issue your policy document, marking the start of your coverage.
Online Application Process
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Visit the official LIC website – www.licindia.in
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Go to the “Buy Policy Online” section and choose Bima Lakshmi Plan.
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Enter your details and premium preferences.
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Upload necessary documents.
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Pay your first premium securely online.
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After successful verification, LIC will send your digital policy document via email.
Note:
The LIC Bima Lakshmi Plan is not available for purchase through Point of Sales Persons (POSP-LI) or Common Public Service Centers (CPSC-SPV).
🌼 Documents Required
To apply for LIC Bima Lakshmi, you’ll need:
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Identity Proof: Aadhaar Card / PAN Card / Passport
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Address Proof: Utility Bill / Voter ID / Driving License
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Age Proof: Birth Certificate / School Leaving Certificate
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Income Proof: Salary Slip / Bank Statement (for higher coverage)
💬 Expert Insight
According to financial analysts, LIC Bima Lakshmi is one of the most balanced and secure insurance plans currently available for women.
It provides:
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Assured growth through guaranteed additions
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Flexible benefits to match individual financial goals
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Comprehensive protection through life cover and riders
As per Angel Broking’s blog, the plan “combines wealth accumulation, health security, and critical illness protection in a single offering,” making it an ideal choice for women looking for both financial independence and family safety.
🌞 Conclusion: A Perfect Gift of Financial Security This Chhath Puja
This Chhath Puja 2025, as women offer prayers for their families’ wellbeing, it’s equally important to take a step towards their own financial empowerment.
The LIC Bima Lakshmi Plan is more than just an insurance policy — it’s a promise of protection, savings, and growth. It ensures that women not only secure their loved ones’ futures but also build a stable and prosperous life for themselves.
With guaranteed additions, flexible benefits, and the trust of LIC, Bima Lakshmi is truly a plan that honors the spirit of strength, devotion, and financial wisdom that Indian women embody.
So, this festive season, celebrate Chhath Puja by securing your future with LIC Bima Lakshmi — and take a step towards a brighter, more independent tomorrow.
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