LIC's NEW BIMA BACHAT PLAN – Plan no-816

LIC's NEW BIMA BACHAT PLAN – Plan no-816

 

A Single Premium Money Back Plan for 9,12 & 15 years

 

 

 

1. Periodical survival benefits at the rate of 15% of the Sum assured paid every 3 years.
2. Prospects between the age of 15 years to 66 years can be insured.
3. Maximum age at maturity is 75 Years.
4. Loan facility available after 1 year.
5. Policy can be surrendered at any time during the policy term.

 

 

Maturity Benefits:

Single premium paid along with loyalty additions (if any) will be paid.

 

 

 

 

 

Death Benefits:

 

 

 

(a) If the death occurs during the first five years sum assured is paid.

(b) If the death occurs after the completion of five years sum assured along with loyalty

additions if any is paid.


Plan Parameters:

 

 

Note:

LIC introduced few more Plans fore details check the below link

LIC's NEW ENDOWMENT PLAN – Plan no-814
LIC's NEW JEEVAN ANAND PLAN – Plan no-815
LIC's NEW BIMA BACHAT PLAN – Plan no-816
LIC's SINGLE PREMIUM ENDOWMENT PLAN – Plan no-817
LIC's NEW MONEY BACK PLAN – Plan no-820
LIC's NEW MONEY BACK PLAN – Plan no-821