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New Bima Bachat - 816
LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.

Plan Number: 816
Plan name: New Bima Bachat

  Policy Term
Plan parameters 9 12 15
Minimum Age Entry 15 yrs 15 yrs 15 yrs
Maximum Age Entry 66 yrs 63 yrs 60 yrs
Minimum Sum Assured 35,000 50,000 70,000
Maximum Sum Assured No Limit No Limit No Limit

Sum Assured in Multiples of Rs. 5,000
Payment option : Single Premium
Gender Allowed: Both
High Sum Assured Rebate: Available 3 to 8%
Loan Available: After at least completion of 1 policy year
Profit plan: with Profits
Proposal Form No: 300 & 340
Back Dating: Allowed - Interest will be charged for the actual period of Back Dating

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