Jeevan Bharti Insurance Policy for all Indian Woman

On International Women’s Day, the life insurance corporation of India as a tribute to Indian women has launched an exclusive policy Jeevan Bharati. LIC has chosen the best way to honor women on this very special day by devising this very plan for them because LIC cares for and understands Indian women. Let’s know about the Jeevan Bharti insurance policy for a woman.

Women excel everywhere as an anchor at home, the achiever at work. They give life and LIC protects theirs. The woman takes care of so many lives that she is hardly ever left with time for her own. LIC’s Jeevan Bharati policy protects and nurtures her life.

All-female lives including physically handicapped with certain conditions are covered. This policy is most suited for entrepreneurs and professionals like software engineers, doctors, managers, officials, self-employed, artists, salaried class, homemakers, and students in the age group of about 18 to 50 years.

Jeevan Bharti insurance policy

What is so exclusive about this plan?

1. Female Critical Illness (FCI) Cover

For the first time ever, FCI covers for women will be available under the umbrella of this plan. No, another Indian Insurer has a product having such a unique inbuilt feature. It is indeed a brave step taken by LIC in coming out with Jeevan Bharati with additional benefits.

In today’s world, the most prevalent cancer among women is Breast and Ovarian Cancer, which are covered under this plan. FCI benefit offers 100% of the Sum Assured (maximum Rs. 2 Lakh) on diagnosis so such critical illness.

2. Congenital Disability Benefit (CDB) Cover

Some unfortunate women have to endure the pain of bringing up children born with congenital disabilities. To alleviate their hardships and to reimburse to a certain extent the expenses of treatment for rectifying the disability and the cost of bringing up such a disabled child, CDB Cover offers 50% of the sum assured (maximum Rs. 1 Lack – up to 2 children).

The payment of FCI benefit or CDB does not restrict the original benefit i.e., basic risk cover throughout the term and maturity benefit as well.

The plan provides for payment of 20% of the sum assured at the end of 5 years and 10 years in the case of 15 years policy and at the end of 5, 10, and 15 years in respect of 20 years policy.

Balance sum assured along with guaranteed addition at the rate of Rs. 50 per thousand sums Assured for the first five years and thereafter, reversionary bonuses are payable on maturity of the policy. The policy provides an option to the female policyholder to retain survival benefit with LIC and withdraw it after its due date subsequently depending upon her need.

This provision will take care of unforeseen contingencies like covering medical expenses of family members, and celebrating certain occasions like weddings, engagements, etc. of other beloved ones. the policyholders also exercise this option to plan for payment of fees for her child’s education.

3) Another feature of this plan is the option to receive maturity proceeds in the form of an annuity. People at the advanced stage find it difficult to manage the investment of lump sum amount and at times there is an apprehension that the lump sum amount may be spent on luxury items etc. Instead, they prefer the safety of investment with a regular income for routine family maintenance without spending the capital amount.

4) Free risk cover for basic Sum Assured for three years in the case of default of premiums after payment of the premiums for at least two years is another unique feature of this plan. the provision especially takes care of housewives and women with irregular income who may find it difficult to pay a premium in unavoidable circumstances.

5) As the mode of payment of premium is yearly only, for the convenience who may not be able to pay the premium in a lump sum, a provision to deposit premium in advance in advance in a maximum of three installments is also available under the plan.

6) In the case of the death of the policyholders during the term of the policy, the basic sum assured along with guaranteed additions and reversionary bonuses, if any, is payable irrespective of survival benefits paid earlier.

The plan also provides for accident benefits and disability benefits up to an overall limit of Rs. 25 lakh sum assured.

Other Details

  • Diseases covered under critical Illness are breast Cancer, Ovarian/Fallopian Tube Cancer, Cervical Cancer/Uterine Cancer/Vaginal/Vulval cancer.
  • The Congenital Disabilities in the life of a newborns child include Downs syndrome, Spina Bifida, Tetralogy of Fallot, Esophageal Atresia & Tracheoesophageal Fistula, Anal Atresia, Imperforate anus, Cleft Palate with or without Cleft Lip.
  • The minimum and maximum sum assured are Rs. 50,000 and Rs. 25 lakh (in multiples of Rs. 5,000) respectively.
  • The plan is granted under the Medial scheme only.
  • Being a money-back plan, a policy loan is not available.

(An attempt is made to give as many details as possible. For the waiting period and exclusive original circular/plan brochure please be referred).

Jeevan Bharti Insurance Policy
Jeevan Bharti Insurance Policy

Specimen Premium calculation under Jeevan Bharati (Table No. 160)

I) Policy Particular

  1. Age of life Assured: 30 years (last birthday)
  2. Term: 20 years
  3. Sum Assured: Rs. 2,00,000
  4. Mode: Yearly

Premium Calculation                                                             (Rs.)

  • Tabular Premium for Basic Plan (Table 1)                         : 71.45 x 200 = 14,290
  • Tabular Premium for Special Benefits of FCI (Table 2)      : 1.35 x 200   =      270
  • Tabular Premium for Special Benefits of CDB (Table 3)     : 2.75 x 200 =       550
  • Total Tabular Premium                                                      15,110
  • Less: Sum Assured Rebate for full sum assured                -400
  • Total Installment premium                                                 14,710

(i) Policy Particulars         

  1. Age of the life assured: 30 years (last Birthday)
  2. Term: 20 years
  3. Sum Assured: Rs. 5,00,000
  4. Mode: Yearly

Premium Calculation:

  • Tabular Premium for Basic Plan (Table 1): 71.45 x 500 = 35,725
  • Tabular Premium for Special Benefits of FCI Table (2) : 1.35 x 200    =     270
  • Tabular Premium for Special Benefits of CDB (Table 3) : 2.75 x 200    =     550
  • Total Tabular Premium: 36,555
  • Less: Sum Assured Rebate for full Sum Assured:-1000
  • Total Installment premium: 35,545

(The maximum benefit available under FCI and CDB is Rs. 2,00,000/-)


  1. The total installment premium is to be rounded off to the nearest rupee.
  2. CDB premium is payable up to age 40 years and hence the total installment premium reduces by CDB premium from age 41 (e.g. in case (ii) premium of Rs. 35,545 reduces by Rs. 550 from age 41).
  3. The method in case (ii) is applicable for a sum assured of Rs. 2 Lacs.

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