Schemes & Yojana 3 min read

5 Surprising Features of LIC Bima Lakshmi Plan Just for Women: Maturity Calculator

October 19, 2025

Key Financial Highlights

Essential calculations and formulas

Tax benefits and eligibility criteria

Investment strategies explained

Money-saving opportunities

Discover the five most surprising and impactful features of LIC's new Bima Lakshmi plan, a specially designed insurance product exclusively for women that offers guaranteed returns, flexibility, and tailored benefits to meet modern financial needs.

Introduction to LIC's Bima Lakshmi 181 Plan

In today’s complex financial landscape, women seek insurance plans that are not only secure but also tailored to their unique needs. LIC’s latest offering, the Bima Lakshmi plan (Plan 881), aims to fill this gap by providing a product exclusively designed for women, combining guaranteed returns with flexible features.

Exclusive Focus on Women

Available only for women aged 18 to 50, ensuring the plan is tailored for their specific life stages.
Includes optional Female Critical Illness Benefit Rider, covering issues like pregnancy complications, certain cancers, and essential surgeries.
A significant shift towards personalized financial planning, addressing gender-specific health and financial needs.

This targeted approach ensures women receive coverage that truly resonates with their health concerns and life priorities, setting a new standard in gender-specific insurance products.

Guaranteed Returns, Not Just Projections

Guaranteed Additions for Clarity and Confidence

Instead of uncertain bonuses, the plan offers Guaranteed Additions (GA) calculated at 7% of total premiums paid so far.
GA increases annually as premiums accumulate, providing a transparent and predictable growth.
For example, paying ₹50,000 annually yields a GA of ₹3,500 in the first year, growing to ₹35,000 by the tenth year.

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This feature eliminates ambiguity, giving women a clear picture of their future savings and peace of mind against market fluctuations.

Built-in Safety Net for Missed Premiums

Auto Cover Feature for Peace of Mind

If premiums are missed, the policy remains active with full death benefit coverage for 6 months after 3 years of premium payments.
After 5 years of premiums paid, coverage extends for 2 years despite missed payments.
This safety net ensures families are protected even during temporary financial setbacks.

A thoughtful feature that reduces the stress of missing a payment and ensures continuous protection.

Pay for Short, Stay Covered for Long

Flexible Premium Payment Options

Choose a Premium Paying Term (PPT) between 7 and 15 years, while the overall policy term remains 25 years.
This flexibility allows women to align premium payments with their career or life milestones.
After PPT completion, the policy remains in force for the full 25-year term without further premium payments.

LIC Bima Lakshmi Plan Maturity Calculator

The LIC Bima Lakshmi 881 online calculator. Instantly estimate your guaranteed savings, money-back payouts, and life cover for this savings and protection plan designed for women.

A strategic feature enabling women to reduce financial burden while still enjoying long-term coverage.

Flexible Payout Options for Future Goals

Customized Survival Benefit Options

Option A: Receive 50% of the Basic Sum Assured immediately after premium completion for major expenses or investments.
Option B: Get bi-annual payouts of 7.5% of the Sum Assured, ideal for regular income needs like education or health expenses.
Option C: Medium-sized payouts of 15% every four years, suitable for planned upgrades or travel.
Includes a Survival Benefit Deferment feature, allowing postponement of payouts to optimize cash flow.

This flexibility empowers women to tailor their payouts according to their evolving financial goals and life events.

Setting a New Standard in Women's Financial Planning

The LIC Bima Lakshmi plan combines guaranteed returns, safety nets, and flexible payout options, making it a comprehensive financial tool for women.

By focusing exclusively on women’s needs, it sets a new benchmark for gender-specific insurance products, emphasizing clarity, control, and long-term security.

Could this innovative plan redefine how women approach financial planning and insurance coverage in the future?

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