Bima Platinum
Premium and guaranteed benefit illustration
UIN 512N397V01
Your illustration
Estimated figures, not an official LIC quotationThe LIC Bima Platinum Plan 770 Calculator 2026 helps you to understand the premium amount , guaranteed additions, regular income, booster income and maturity benefit available under LIC Bima Platinum 770.
LIC Bima Platinum 770 is a Non-Participating, Non-Linked, Individual Savings Plan that combines life insurance protection with savings. The plan is a limited premium payment policy. The Guaranteed Additions accrue during the Premium Paying Term, while the policy also provides Regular Income Benefit and a one-time Booster Income Benefit during the payout period.
One of the main attractions of the plan is that the policyholder can select a Premium Paying Term of 7, 10, 12, 15 or 18 years. The payout period is the difference between the Policy Term and Premium Paying Term. The plan also provides an option to defer income benefits, take maturity or death benefits in instalments, and access a policy loan subject to the policy conditions.
This guide explains how the LIC Bima Platinum Calculator works, how to calculate its major benefits, who can purchase the plan, and what you should check before buying a policy.
LIC Bima Platinum Calculator 2026
The LIC Bima Platinum Calculator can be used to estimate the major financial benefits of the policy. These are Depending on the calculator design, you can enter:
- Age of the Life Assured
- Basic Sum Assured
- Premium Paying Term
- Policy Term
- Premium payment mode
- Applicable incentives
- Rider options, if available
The calculator can then display an estimated premium and benefit of summary for your provided information.
A useful calculator should show the different components separately rather than giving only one final figure.
What the LIC Bima Platinum Calculator Can Calculate :
- Annualized Premium
- Total Premium Paid
- Guaranteed Additions
- Regular Income Benefit
- Booster Income Benefit
- Maturity Benefit
- Death Benefit
- Surrender Value
- Policy Loan eligibility
- Total benefits payable under the selected policy structure
This makes it more easier to understand , how the policy works before taking a final decision.
Read also:-
LIC Jeevan Saathi Maturity Calculator Plan 89
LIC Dhan Rekha Plan (863) – Maturity Calculator
What Is LIC Bima Platinum Plan 770?
LIC’s Bima Platinum 770 is a non-linked, non-par, individual savings life insurance plan. It combines life insurance protection with guaranteed additions and specified income benefits.
LIC lists the plan as Plan No. 770, with UIN 512N397V01. LIC's official product page states that the plan is available for sale from 7 September 2026.
Unlike a participating plan, this is a non-par product. In simple language, you should not expect bonuses declared from LIC's participating fund in the same manner as a traditional participating policy.
Instead, the plan has specified guaranteed additions and defined benefits according to its policy terms. That makes understanding the actual numbers particularly important.
Why Use a LIC Bima Platinum Calculator 2026 ?
A LIC Bima Platinum Calculator helps you to estimate the premium and benefits of LIC Bima Platinum before making a purchase decision. Instead of manually working through premium rates and policy details, you can enter a few basic details and get an estimated result quickly.
Key benefits of using the calculator
Estimate your premium: Here we Get an idea of how much you may need to pay for the policy.
Compare payment modes: You can Understand the difference between yearly, half-yearly, quarterly, or other available payment options.
Plan your budget: Here we can check whether the expected premium fits comfortably within your financial plan.
Understand policy benefits: Many peoples are not know the plan benefits ,To get a clearer picture of the potential maturity benefit and other policy payouts.
Save time: A calculator can provide an estimate in seconds instead of doing the calculations manually.
Make an informed decision: Use the estimate to compare the policy with other LIC plans before buying.
Key Features of LIC Bima Platinum Plan 770
Here are the main features of the plan according to the LIC official Data :
| Feature | Details |
| Plan type | Non-Par, Non-Linked, Individual Savings Plan |
| Premium Paying Terms | 7, 10, 12, 15 and 18 years |
| Minimum Basic Sum Assured | ₹3,00,000 |
| Basic Sum Assured multiples | ₹10,000 |
| Maximum Basic Sum Assured | No fixed limit, subject to underwriting |
| Regular Income Benefit | 10% of Basic Sum Assured |
| Booster Income Benefit | 70% of Basic Sum Assured |
| Guaranteed Addition | ₹70 per ₹1,000 of applicable annualized premium |
| Pay-out Period | Policy Term minus Premium Paying Term |
| Maximum maturity age | 75 years, subject to conditions |
| Policy Loan | Available subject to conditions |
| Maturity settlement option | 5, 10 or 15 years |
The LIC plan specifies that the minimum Basic Sum Assured is ₹3 lakh and the Basic Sum Assured must be in multiples of ₹10,000. The maximum is subject to LIC's underwriting decision.
What is LIC Bima Platinum Eligibility
Here are the detail information regarding the Eligibility of this Plan. The entry age depends on the Premium Paying Term selected.
| Premium Paying Term | Minimum Entry Age | Maximum Entry Age |
| 7 years | 11 years | 55 years |
| 10 years | 8 years | 55 years |
| 12 years | 6 years | 53 years |
| 15 years | 3 years | 50 years |
| 18 years | 30 days | 47 years |
The maximum entry age shown above is based on the normal channel and is subject to the maximum maturity age. For policies procured through POSP-LI/CPSC-SPV, different age restrictions apply.
The minimum age at maturity is 28 years, while the maximum age at maturity is 75 years for the regular channel. For POSP-LI/CPSC-SPV policies, the maximum maturity age is 65 years.
LIC Bima Platinum Policy Term
The policy term depends on the selected Premium Paying Term.
| Premium Paying Term | Minimum Entry Age | Maximum Entry Age |
| 7 years | 17years | 40 years |
| 10 years | 20 years | 40 years |
| 12 years | 22 years | 40 years |
| 15 years | 25 years | 40 years |
| 18 years | 28 days | 40 years |
The maximum policy term is also subject to the maximum maturity age of 75 years. For POSP-LI/CPSC-SPV policies, the maximum policy term is 20 years, subject to the 65-year maximum maturity age.
The Pay-out Period = Policy Term − Premium Paying Term.
For example, if the Premium Paying Term is 10 years and the Policy Term is 20 years:
Pay-out Period = 20 − 10 = 10 years
This is important because the Regular Income Benefit is payable during the payout period.
LIC Bima Platinum Guaranteed Addition
Guaranteed Addition is one of the most important parts of this plan.
For an in-force policy, Guaranteed Additions accrue at the rate of ₹70 per ₹1,000 of Total Annualized Premium in respect of premiums paid during the Premium Paying Term. No further Guaranteed Addition accrues after the Premium Paying Term.
Basic Guaranteed Addition Formula
The LIC plan defines the Guaranteed Addition applicable in a policy year as:
Guaranteed Addition = Applicable Total Annualized Premium × Applicable Rate of Guaranteed Addition ÷ 1,000
At the basic rate:
Rate = ₹70 per ₹1,000
Therefore, if the applicable Total Annualized Premium is ₹1,00,000:
Guaranteed Addition = ₹1,00,000 × 70 ÷ 1,000
= ₹7,000
The actual calculation can be affected by applicable incentives.
The LIC plan also specifies that the Total Annualized Premium in respect of premiums paid is determined using the annualized premium, number of instalment premiums paid and premium payment frequency. The frequency is 1 for yearly, 2 for half-yearly, 4 for quarterly and 12 for monthly payments.
Are Guaranteed Additions payable forever?
No.
Guaranteed Additions accrue during the Premium Paying Term. Once the Premium Paying Term ends, no further Guaranteed Additions accrue.
LIC Bima Platinum Regular Income Benefit
The Regular Income Benefit is designed to provide recurring income after the Premium Paying Term.Under an in-force policy, if the Life Assured survives to the end of the Premium Paying Term, the Regular Income Benefit is equal to 10% of the Basic Sum Assured.
The first payment is made at the end of the Premium Paying Term. After that, the benefit is payable at the end of each subsequent policy year during the payout period, subject to survival and the policy conditions.
Regular Income Formula
Regular Income Benefit = 10% × Basic Sum Assured
For example, if:
Basic Sum Assured = ₹10,00,000
then:
Regular Income Benefit = 10% × ₹10,00,000
= ₹1,00,000 per year
The number of payments depends on the payout period.
Here is Example
Suppose:
Basic Sum Assured = ₹10 lakh
Premium Paying Term = 10 years
Policy Term = 20 years
The payout period is:
20 − 10 = 10 years
Annual Regular Income Benefit:
10% × ₹10 lakh = ₹1 lakh
Therefore, subject to survival and the policy conditions, the Regular Income Benefit would be ₹1 lakh for the applicable payout period.
Also Read :- LIC Jeevan Saathi Maturity Calculator Plan 89
LIC Bima Platinum Booster Income Benefit
The Booster Income Benefit is a larger one-time income benefit payable on survival to a specified policy anniversary.
The benefit is equal to 70% of the Basic Sum Assured. The policy anniversary depends on the selected Premium Paying Term.
| Premium Paying Term | Booster Benefit Payable |
| 7 years | 12th policy anniversary |
| 10 years | 15th policy anniversary |
| 12 years | 17th policy anniversary |
| 15 years | 20th policy anniversary |
| 18 years | 23rd policy anniversary |
Booster Income Formula
Booster Income Benefit = 70% × Basic Sum Assured
For example, with a Basic Sum Assured of ₹10 lakh:
70% × ₹10,00,000 = ₹7,00,000
So the Booster Income Benefit would be ₹7 lakh, subject to the policy remaining in force and the Life Assured surviving to the specified policy anniversary.
LIC Bima Platinum Maturity Benefit
The maturity benefit is another important part of the policy.
If the Life Assured survives until the stipulated Date of Maturity and the policy is in force, LIC pays the Sum Assured on Maturity together with accrued Guaranteed Additions.
The LIC plan defines the Sum Assured on Maturity as the Basic Sum Assured.
Therefore:
Maturity Benefit = Basic Sum Assured + Accrued Guaranteed Additions
For example, if:
Basic Sum Assured = ₹10,00,000
Accrued Guaranteed Additions = ₹X
then:
Maturity Benefit = ₹10,00,000 + ₹X
The actual Guaranteed Addition depends on the premium, Premium Paying Term, premiums paid and applicable rate/incentives.
LIC Bima Platinum Death Benefit
The policy also provides life insurance protection.
If the Life Assured dies during the policy term after commencement of risk and before maturity, while the policy is in force, the Death Benefit is payable.
The Sum Assured on Death is defined as the higher of: 11 × Annualized Premium
or
Basic Sum Assured
The Death Benefit also includes accrued Guaranteed Additions for the in-force policy. It will not be less than 105% of the Total Premiums Paid up to the date of death and, in any case, will not be less than the surrender value calculated on the date of death.
Example
Suppose:
Annualized Premium = ₹1,00,000
Basic Sum Assured = ₹10,00,000
Then:
11 × Annualized Premium = 11 × ₹1,00,000
= ₹11,00,000
Since ₹11 lakh is higher than ₹10 lakh, the applicable Sum Assured on Death would be ₹11 lakh, before adding the applicable accrued Guaranteed Additions and considering the other policy conditions.
LIC Bima Platinum Income Deferral Option
An interesting feature of the plan is the option to defer the Regular Income Benefit and/or Booster Income Benefit.
Under this plan , the policyholder can defer future income benefits under an in-force or paid-up policy by submitting a written request at least three months before the relevant due date. The option is available only when there is no outstanding policy loan.
Deferred benefits accumulate at an applicable rate.
For benefits falling due during the period from 1 May 2026 to 30 April 2027, the applicable annual effective accumulation rate stated in the brochure is 5.78% p.a. effective. The rate for each deferred benefit is fixed for its entire accumulation period.
The policyholder can later request withdrawal of the entire accumulated Regular Income Benefit and/or Booster Income Benefit before maturity, subject to the policy conditions.
LIC Bima Platinum Settlement Option
The plan also provides a Settlement Option for the Maturity Benefit.
Instead of taking the maturity amount as one lump sum, the policyholder can choose to receive it in instalments over 5, 10 or 15 years.
The instalments can be received monthly, quarterly, half-yearly or yearly. The minimum instalment amounts specified in the brochure are:
| Mode | Minimum Instalment |
| Monthly | ₹5,000 |
| Quarterly | ₹15,000 |
| Half-Yearly | ₹25,000 |
| Yearly | ₹50,000 |
If the net claim amount is insufficient to provide the selected minimum instalment, the amount is paid as a lump sum.
For settlement options commencing between 1 May 2026 and 30 April 2027, the interest rate used to calculate the instalment amount is stated as 5.11% p.a. effective.
Also Read :- LIC Kavach Plan 887 Calculator – Term Insurance Premium Calculator
LIC Bima Platinum Death Benefit in Instalments
The Death Benefit can also be received in instalments instead of a lump sum.
The policyholder or Life Assured can choose a payment period of:
5 years
10 years
15 years
The instalments can be paid monthly, quarterly, half-yearly or yearly, subject to the minimum instalment amounts specified in the policy document.
This feature can help a nominee receive the claim proceeds as a regular income rather than receiving the entire amount at once.
LIC Bima Platinum Premium Payment Modes
Premiums can be paid regularly using the following modes:
- Yearly
- Half-yearly
- Quarterly
- Monthly through e-NACH/NACH
- Salary Savings Scheme, where applicable
The LIC plan specifically provides these premium payment modes for the plan.
The exact premium depends on the selected policy details.
Therefore, an online LIC Bima Platinum Calculator should ask for the age, Basic Sum Assured, Premium Paying Term, Policy Term and premium mode before producing an estimate.
LIC Bima Platinum Surrender Value
A policyholder may surrender the policy subject to the applicable policy conditions.
The LIC plan provides Guaranteed Surrender Value and Special Surrender Value provisions. The Special Surrender Value becomes payable after completion of the first policy year, provided one full year's premium has been received. The SSV is reviewed annually according to applicable IRDAI requirements.
The surrender value of accrued Guaranteed Additions is also considered in the Guaranteed Surrender Value calculation. The brochure states that accrued Guaranteed Additions include the additions for completed policy years and the proportionate addition for completed months in the policy year in which the policy is surrendered.
Once the surrender value is paid, the policy terminates and further benefits are not payable.
LIC Bima Platinum Policy Loan
A policy loan is available subject to the surrender value and policy conditions.
The loan can be taken after completion of the first policy year, provided one full year's premium has been paid.
During the Premium Paying Term, the maximum loan percentage of surrender value is:
| Policy Status Years' | Before 2 Full Years' Premiums | After 2 Full Premiums |
| In-force | 50% | 75% |
| Paid-up | 40% | 65% |
After the Premium Paying Term, the permissible loan amount is subject to additional conditions and is capped at 65% of surrender value under the stated formula.
For loans sanctioned during 1 May 2026 to 30 April 2027, the applicable loan interest rate stated in the LIC brochure is 9.50% p.a., compounded half-yearly, for the entire loan term. The basis for determining the rate is subject to change.
LIC Bima Platinum Tax Benefits and GST
Applicable statutory taxes on the premium are payable separately according to prevailing tax laws.
The LIC states that applicable taxes are collected over and above the premium and are not considered for calculating benefits under the plan. For income-tax implications on premiums and benefits, policyholders are advised to consult a tax professional.
Therefore, the LIC Bima Platinum Calculator should ideally display the base premium and applicable taxes separately rather than treating tax as part of the benefit calculation.
LIC Bima Platinum Suicide Exclusion
The LIC Plan contains a specific suicide exclusion.
If the Life Assured dies due to suicide within 12 months from commencement of risk or revival, as applicable, the nominee or beneficiary is entitled to 80% of the Total Premiums Paid or the surrender value available on the date of death, whichever is higher, subject to the conditions mentioned in the policy document.
The complete policy terms should be reviewed for all exclusions and conditions.
How to Use LIC Bima Platinum Calculator 2026
Using the LIC Bima Platinum Plan 770 Calculator is very simple. Follow these steps to get an estimated view of your premium and policy benefits.
1. Enter Your Age
Enter your current age in the calculator. Age is an important factor for estimating the applicable premium.
2. Select Basic Sum Assured
Choose the amount of life cover you want, such as ₹3 lakh, ₹5 lakh or ₹10 lakh. The Basic Sum Assured also affects benefits such as Regular Income and Booster Income.
3. Select Premium Paying Term
Choose how long you want to pay premiums. Bima Platinum offers 7, 10, 12, 15 and 18-year Premium Paying Terms.
4. Select Policy Term
Choose the total duration of your policy from the eligible options. The available Policy Term depends on the selected Premium Paying Term.
5. Select Premium Payment Mode
Choose your preferred payment frequency, such as Yearly, Half-Yearly, Quarterly or Monthly, depending on the available option.
6. Click on “Calculate”
After entering all the details, click the Calculate button. The calculator will process your inputs and display the estimated results.
7. Check Estimated Premium
Review the estimated premium required for your selected Basic Sum Assured, age, PPT and Policy Term.
8. Check Total Premium
See the estimated total premium payable during the entire Premium Paying Term. This helps you understand your overall financial commitment.
9. Check Regular Income Benefit
The calculator can show the Regular Income Benefit. Under the plan, this is specified as 10% of the Basic Sum Assured, subject to the policy terms.
10. Check Booster Income Benefit
Review the Booster Income Benefit. It is specified as 70% of the Basic Sum Assured, with the payment year depending on your selected Premium Paying Term.
11. Check Guaranteed Addition
The calculator can estimate the Guaranteed Addition based on the applicable rate and premium. The basic rate specified by LIC is ₹70 per ₹1,000 of Total Annualized Premium.
12. Check Maturity Benefit
Review the estimated maturity benefit to understand what the policy may provide at maturity under the selected assumptions.
13. Compare Different Options
Try different Basic Sum Assured, PPT and Policy Term combinations. Comparing the results can help you understand which option better fits your budget and financial goals.
14. Remember: Calculator Results Are Illustrative
The calculator is intended for estimation and understanding. It should not be treated as an official LIC quotation. Always verify the actual premium and benefits through the latest official LIC quotation and benefit illustration.
15. Make an Informed Decision
Before purchasing, compare the total premium, income benefits, booster, maturity benefit and death benefit rather than looking only at the final maturity amount.
LIC Bima Platinum Calculator Example
Consider an illustrative policy with:
Basic Sum Assured: ₹10,00,000
Premium Paying Term: 10 years
Policy Term: 20 years
Regular Income
10% of ₹10 lakh:
₹1,00,000 per year
Booster Income
70% of ₹10 lakh:
₹7,00,000
For a 10-year Premium Paying Term, the Booster is payable on the 15th policy anniversary, subject to survival and the policy remaining in force.
Payout Period
20 − 10 = 10 years
Maturity
The maturity benefit will be:
₹10,00,000 + accrued Guaranteed Additions
The exact Guaranteed Addition cannot be calculated from the Basic Sum Assured alone because it is linked to the applicable Total Annualized Premium and rate.
Advantages of LIC Bima Platinum Plan
1. Guaranteed Benefits
The plan is Non-Par and provides fixed benefits under the policy terms rather than discretionary bonuses.
2. Multiple Premium Paying Terms
You can select a Premium Paying Term of 7, 10, 12, 15 or 18 years.
3. Regular Income
The plan provides 10% of Basic Sum Assured as Regular Income Benefit during the payout period, subject to survival and other conditions.
4. Booster Benefit
The 70% Basic Sum Assured Booster can provide a significant additional payout at the specified policy anniversary.
5. Guaranteed Additions
Guaranteed Additions accrue during the Premium Paying Term.
6. Loan Facility
The policy provides a loan facility subject to surrender value and other conditions.
7. Income Deferral
The policyholder can defer Regular Income and/or Booster Income under the conditions specified in the LIC plan.
Limitations to Consider for LIC Bima Platinum Plan
LIC Bima Platinum is not necessarily suitable for every investor.
You should consider:
- Premium commitment over the selected Premium Paying Term
- Long policy duration
- Lower liquidity compared with ordinary savings accounts
- Surrender value rules
- Loan interest if borrowing against the policy
- Inflation's impact on future benefits
- Opportunity cost compared with other investment products
- The difference between insurance protection and pure investment returns
A guaranteed maturity amount should not automatically be considered a high-return investment. Compare the policy's benefits, protection and effective return with alternatives before making a decision.
Who Should Consider LIC Bima Platinum?
The plan may be worth evaluating for people who want a combination of:
- Life insurance protection
- Guaranteed savings
- Periodic income
- A fixed maturity benefit
- Long-term financial planning
- A non-market-linked product
It may appeal particularly to someone who prefers predictable policy benefits over market-linked returns.
However, the right choice depends on individual financial goals, existing insurance coverage, income, expenses, investment horizon and risk tolerance.
What is LIC Bima Platinum Plan 770?
LIC Bima Platinum Plan 770 is a non-linked, non-participating individual savings life insurance plan offered by LIC. It combines life insurance protection with guaranteed additions and specified income benefits, making it suitable for people looking for a long-term insurance and savings solution.
Under the plan, policyholders can choose a Premium Paying Term of 7, 10, 12, 15 or 18 years. The plan provides a Regular Income Benefit of 10% of the Basic Sum Assured and a Booster Income Benefit of 70% of the Basic Sum Assured at the specified policy anniversary, along with applicable Guaranteed Additions. The minimum Basic Sum Assured is ₹3 lakh.
What is the LIC Bima Platinum Calculator?
The LIC Bima Platinum Calculator is an online estimation tool that helps you understand the likely premium, total premium payable, Regular Income Benefit, Booster Income Benefit, Guaranteed Additions and maturity benefit under LIC Bima Platinum Plan 770. By entering details such as your age, Basic Sum Assured, Premium Paying Term and Policy Term, you can get a quick estimate of the policy benefits.
It is useful for comparing different policy options before making a decision. However, the calculator provides illustrative results only and should not be considered an official LIC quotation. For the exact premium and benefits, always verify the latest LIC quotation, benefit illustration and policy document.
What is the Guaranteed Addition Rate?
Under LIC Bima Platinum Plan 770, the basic Guaranteed Addition (GA) rate is ₹70 per ₹1,000 of Total Annualized Premium for premiums paid during the Premium Paying Term. In simple terms, this means the applicable Guaranteed Addition is calculated based on the annualized premium and the applicable GA rate.
For example, if the Total Annualized Premium is ₹1,00,000, the basic GA would be ₹7,000 per year (₹1,00,000 ÷ ₹1,000 × ₹70). The plan may also provide additional Guaranteed Addition rates under specified incentives, such as online purchase and higher Basic Sum Assured. The ₹70 per ₹1,000 rate should not be interpreted as a 7% annual investment return.
What is the Regular Income Benefit?
The Regular Income Benefit is 10% of Basic Sum Assured and starts at the end of the Premium Paying Term, subject to survival and policy conditions.
What is the Booster Income Benefit?
The Booster Income Benefit is 70% of Basic Sum Assured and is payable on a specified policy anniversary depending on the Premium Paying Term.
What is the minimum Basic Sum Assured?
The minimum Basic Sum Assured under LIC Bima Platinum Plan 770 is ₹3,00,000 (₹3 lakh). The Basic Sum Assured can be selected in multiples of ₹10,000, subject to LIC’s applicable underwriting rules and policy conditions.
For example, you can choose a Basic Sum Assured of ₹3 lakh, ₹5 lakh, ₹10 lakh, ₹15 lakh or more, depending on your eligibility. The Basic Sum Assured also affects benefits such as the Regular Income Benefit and Booster Income Benefit.
Can I take a loan against LIC Bima Platinum?
Yes, a policy loan facility is available under LIC Bima Platinum Plan 770, subject to the policy acquiring the required surrender value and the applicable terms and conditions. The amount of loan available and the interest charged will depend on LIC's rules applicable at the time of taking the loan.
If you are considering a loan against your policy, check the latest LIC policy document for the applicable loan eligibility, maximum loan amount, interest rate and repayment conditions before applying.
Can maturity benefit be received in instalments?
Yes. The Settlement Option allows the maturity benefit to be received in instalments over 5, 10 or 15 years, subject to the policy condition
Final Verdict
The LIC Bima Platinum Plan 770 Calculator 2026 is useful for understanding the different components of this long-term savings and protection plan.
The policy combines Guaranteed Additions, 10% Regular Income Benefit, a 70% Booster Income Benefit and a maturity benefit equal to the Basic Sum Assured plus accrued Guaranteed Additions, subject to the applicable policy conditions.
Its biggest advantage is the combination of guaranteed benefits and multiple Premium Paying Term choices. At the same time, the policy requires a long-term premium commitment, so prospective buyers should understand the surrender, paid-up, loan and income-deferral rules before purchasing.
Use the calculator to estimate your figures, but treat the result as a planning tool. The final premium and benefits should always be verified against the official LIC policy illustration and policy document.
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