Plan No. 916
- LIC’s New Bima Bachat plan offers the Life cover, Savings & Guaranteed pay-outs by paying Single Premium
- This plan offers Guaranteed 15% of Sum Assured at regular intervals depending on the term of the policy that customer choose
- On maturity, customer gets back the Single premium paid along the loyalty addition, if any
- This plan has an option of choosing the Accidental Life cover & Disability Benefit
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
- LIC also offer the discount in the premium in case the mode of payment is Yearly and also in case of high sum assured
- The loan is also available to the policyholder after the completion of 1 year of the policy
- Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
| Eligibility Criteria | ||||
|---|---|---|---|---|
| Min. | Max. | |||
| Age | 15 Years(Completed) | 50 Years (Near Birthday) | ||
| Policy Term | 9,12 & 15 years | |||
| Premium Payment Term | Same as Policy Term | |||
| Basic Sum Assured | Rs. 35,000 for Term=9 Years Rs,50,000 for Term=12 Years Rs.70,000 for Term=15 Years |
No Limit | ||
| Maximum Maturity Age | 59 Years for Term = 9 Years 62 Years for Term = 12 Years 65 Years for Term = 15 Years |
|||
| Rider | LIC's NEW TERM ASSURANCE RIDER (TR) | |||
| Rider | LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER | |||
