Detailed Review & Our Recommendation on LIC Bima Bachat Plan. Compare Premiums, Key Features & Benefits of this Single Premium Money Back Policy. Detailed Review & Our Recommendation on LIC New Bima Bachat Plan. Compare Premiums, Key Features & Benefits of this Single Premium Money Back . LIC Bima Bachat – Compare features and benefits of Bima Bachat No. from LIC. Also check other latest plans from LIC and check your eligibility with similar.
|Published (Last):||6 October 2006|
|PDF File Size:||5.42 Mb|
|ePub File Size:||16.40 Mb|
|Price:||Free* [*Free Regsitration Required]|
Payable as given below in case of Life Assured surviving to the end of the specified durations: As the term ends, on maturity the insured receives the initial single premium and loyalty additions. Sum Assured along with Loyalty Addition, if any. Benefits Policy Document LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump blma at the outset of the policy. What other benefits do I receive during the specified duration of the policy?
LIC Bima Bachat
For Policy Term Of 15 Years: You will need your policy details for calculation. Why should you revoke your desire to spend all your money ljc one go and become a dull person investing in policies? Take a look at the features that this policy entails: For a term 15 years: Ever come across a large pile of banknotes? The policy holder is insured for an amount equal to the sum assured. Who is eligible for the policy? As per section 80C, income tax is excused for the premium paid and on the claims received, according to the Income Tax Act.
Application Form filled in with correct medical history and attested.
Life Insurance Corporation of India – New Bima Bachat
To be paid at the termination of 12th year. When am I eligible for the guaranteed surrender value? Date of Birth proof 6. As mentioned previously, there is a rebate available for high sum assured.
With Aegon iTerm plan, get term insurance cover till the age of ! Oic insurance cover is irrespective of the installments received.
Things you must know. We take care of all the phases of insurance, whether you’ve bought the policy from us or not.
The loyalty addition promised is payable upon maturation of policy or on earlier demise. If the policyholder dies after the completion of 5 years of the policy tenure, then only the sum assured along with the loyalty addition if any is returned to the nominee.
Take a look at the features that this policy entails:. Single premium of approximate Rs. It is the largest insurance company in India with an estimated asset value of Rs. Surrender Benefit or Policy Termination: It also offers other benefits like the 15 day cooling off period, grace period and revival. The guaranteed surrender value is available only after completion of at least one policy year.
If in-case on death of the insured, the nominee receives death benefit of Rs. To be paid at the termination of 3rd year 2. There are a few honourable mentions, when it comes to the prime benefits of the LIC Bima Bachat Plan, making it one of the most sought after life insurance policies. A 35 year old chooses hachat year policy term for a sum assured of Rs 1 lakh by paying a single lump sum baachat of Rs If the policy holder outlives the duration of the policy, at the time of maturity, a single premium payment excluding extra premium is made along with loyalty additions, if any.
YYYY How does the plan work? LIC’s New Bima Bachat is a participating non-linked savings bacyat protection plan, where premium is paid in lump sum at the outset of the policy. For example, your mother who loves to have you around just to start a bit of friendly banter or your younger brother who aspires to get into Yale but spends his weekends watching Gossip Girl. Bima Bachat is the bacnat money-back policy that offers a loan facility.
If in-case on death of the insured during policy term, his nominee receives the sum assured. Application Form filled in with correct medical history and attested 9. Discount is provided on the higher sum assured. The following are the requirements that one needs to be aware of before applying for this policy: Also, the applicant must keep in mind that the amount assured must be a multiple of Rs A passport sized photograph.
If the policyholder dies before the end of 5 years of the policy tenure, then only the sum assured is returned to the nominee.
What additional benefits do I get upon maturity? What is the Customer Service No. To proceed, help us with some basic details. This plan also takes care of liquidity needs through its loan facility.
After all, not every life insurance plan is synonymous with each other. For Policy Term Of 9 Years: Bima Bachat requires the policy holder to pay only one premium.
bimq A OneInsure representative will call you shortly. Inclusions There are a few honourable mentions, when it comes to the prime benefits of the LIC Bima Bachat Plan, making it one of the most sought after life insurance policies.