Product Information
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
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