LIC’S NEW BIMA BACHAT (TABLE NO.816)
LIC BIMA BACHAT is a single premium endowment money back plan.This plan launched on 07 JANUARY 2014. In this plan policy holder will have to pay single premium and will get 15% of basic sum assured as a money back at the end of every 3rd year during the policy term. If the policy holder survives the entire term of the plan , the single premium paid along with loyalty additions will be given to the policy holder at the time of maturity.
WHY TAKE THIS PLAN
- One Time Investment
- Fixed Money Back On Regular Intervals
- Tax Rebate On 80c
BENEFITS OF PLAN:
ON DEATH: If insured dies before 5 year during the term nominee will get SUM ASSURED , But if insured dies during the term or after five year nominee will get SUM ASSUERD + LOYALTY ADDITIONS.
ON SURVIVAL: 15% of basic sum assured as a money backs start from the 3rd policy year and are payable every 3 year and also will get maturity ( sum assured + loyalty addition) at the end of the policy term.
LOYALTY ADDITIONS: Loyalty addition are paid on maturity , it depends on company performance loyalty addition have been paid after completion of policy term or death provided that the policy has completed at least 5 years.
PLAN PARAMETERS
| Minimum | Maximum | |
| Entry Age (Nearest Birthday) | 15 years | For Term 9 years – 66 years For Term 12 years – 63 years For Term 15 years – 60 years |
| Maturity Age (Nearest Birthday) | NA | 75 years |
| Plan Term | 9, 12 or 15 years | |
| Premium Payment Term | Single Pay | |
| Sum Assured | For Term 9 years –Rs. 35,000 For Term 12 years – Rs. 50,000 For Term 15 years – Rs. 75,000 | No Limit |
Call or e-Mail Us to Buy a Policy: 087502-12134 | info@insurances24x7.com