Summary
- LIC has launched the Bima Platinum Plan 770, a non-participating, non-linked life insurance savings plan, effective from September 7, 2026.
- The plan features Guaranteed Additions of ₹70 per ₹1,000 of annual premium and offers Booster Income and Regular Income Benefits based on Basic Sum Assured.
- Premium-paying terms range from 7 to 18 years with a minimum Basic Sum Assured of ₹3 lakh; tax exemptions depend on specific conditions under the Income-tax Act.
- Notably, individual life-insurance services are exempt from GST as of September 22, 2025, making this plan particularly attractive for policyholders.
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