LIC Bima Lakshmi Plan 881 – 25-Year Guaranteed Wealth & Health Plan for Women

Published On: December 1, 2025

LIC’s Bima Lakshmi (Plan 881) – A Complete 25-Year Wealth, Protection & Health Plan for Women

As a Development Officer at LIC of India, I meet many women who want one simple solution that can give them guaranteed returns, life protection, regular cash flow, and health coverage.
LIC’s Bima Lakshmi (Plan 881) is one such powerful plan designed exclusively for women between 18 and 50 years.

With a 25-year policy term and 15-year premium payment term, it works as:

A long-term wealth creation tool
A women-centric health protection plan
A flexible money-back policy
A guaranteed-return savings plan

Bima Lakshmi is perfect for today’s financially aware women who want stability, security, and steady growth.

Why Bima Lakshmi Is a Special Plan for Women

LIC designed this plan by combining protection, savings, and health benefits into one package.

✔ Guaranteed Additions every year
✔ Money-back payouts at regular intervals
✔ Full life cover for the entire 25 years
✔ Multiple survival benefit options
✔ Women-specific health riders
✔ Strong maturity value
✔ Loan, settlement & assignment benefits
✔ Tax savings under applicable sections

Every woman who wants a hassle-free, disciplined, guaranteed savings plan finds Bima Lakshmi highly rewarding.

Three Survival Benefit Choices – Flexibility at Every Stage

One of the biggest attractions of Bima Lakshmi is that women can choose how they want their money-back payouts.

Option A – 50% Lump-Sum Money Back After Premium Payment Ends

Premium Paying Term: 15 years
Payout: 50% of Sum Assured at the end of 15th year

Remaining amount + Guaranteed Additions are paid at maturity (25th year).

Best for women planning big goals such as:

Children’s higher education
Wedding planning
Purchasing property or gold
Business investment

Option B – 7.5% of Sum Assured Every 2 Years (Most Popular)

Under this option, you get 7.5% of the Sum Assured every 2 years —
2nd, 4th, 6th… up to the 24th year (total 12 payouts).

Ideal for women who want:

Regular additional income
School / college fees
Annual trips
Smooth cash flow

This is the most preferred option, as liquidity stays constant while protection continues untouched.

Option C – 15% of Sum Assured Every 4 Years

Payouts at the end of
4th, 8th, 12th, 16th, 20th & 24th year.

Perfect for women who plan for:

Occasional big expenses
Buying electronics, gold, or furniture
Strategic long-term money management
Reinvestment opportunities

Survival Benefit Deferment – A Unique Advantage

If you want, you can postpone your payouts by 5 years:

Option A: 1 time deferment
Option B & C: Up to 2 times

This is useful when:

You don’t need money immediately
You want to align payouts with future goals
You want funds to grow longer

Guaranteed Additions – The Power Behind This Plan

Bima Lakshmi builds wealth through Guaranteed Additions (GA):

7% of Tabular Annual Premium every year
Up to 0.5% extra GA incentive
Additional GA benefits for existing LIC policyholders

These Guaranteed Additions continue to accumulate and significantly increase the final maturity value.

Complete Life Cover for the Entire 25 Years

Even if you receive money-back payouts, your full life cover remains active.

Death Benefit includes:

Sum Assured on Death + Accrued Guaranteed Additions
Higher of:
✔ 10 times annual premium
✔ Basic Sum Assured
Minimum death benefit = 105% of total premiums paid

This ensures complete financial safety for your family.

Women-Specific Health Riders

Bima Lakshmi offers one of LIC’s best women-focused health protection riders.

1. LIC Female Critical Illness Rider

🔹 Module 1 – Cancer Cover

20% for early-stage
100% for major cancer

🔹 Module 2 – Women-Specific Surgeries

20% for minor
100% for major

🔹 Module 3 – Pregnancy Complications & Congenital Conditions

100% benefit
Max 200% combined

Sum Assured Options:

Modules 1 & 2: ₹1–4 lakh
Module 3: ₹1–2 lakh

2. Accident Benefit Rider

3. Accidental Death & Disability Rider

Additional Useful Features

Loan facility available
Auto Cover after paying minimum premiums
Monthly premium via NACH/eNACH
Settlement & instalment options
Early exit facility
Assignment allowed

Real Example (From Your Illustration)

Female, Age 18 Years
Sum Assured: ₹10,00,000
Term: 25 years
PPT: 15 years
Option Chosen: Option B (7.5% every 2 years)
Annual Premium: ₹1,64,150 approx