LIC Bima Bachat Plan is a Money Back Plan with a single premium and regular benefits to meet growing needs. It is a participative non-linked plan offering savings and protection.
Policy Term (Years) Payable at (Years) Total % of Sum Assured
9 3 and 6 30%
12 3,6 and 9 45%
15 3,6,9 and 12 60%
LIC Bima Bachat Plan Details can be well explained by our LIC agent. We also help you to process the registration with ease.
1.How does Bima Bachat plan work?
LIC Bima Bachat is a one-time investment money back plan which gives returns every 3 years end.
2. What additional benefit does LIC Bima Bachat offer than other money back policies?
Unlike other money back policies, LIC Bima Bachat Policy is the only that offers a loan facility. Avail 60% of surrender value as a loan after one year of the policy year.
3. Is there any exclusion?
If the insured commits suicide within a year of the policy, only 90% of sum assured is returned to the nominee.
4.. I am 38 and can afford the annual premium of 1lac, what benefits will I receive with Bima Bachat Policy?
Please contact us and we will individually explain the details to you either over phone or face to face.
|Eligibility Conditions And Restrictions|
|Minimum age||15 years (Completed)|
|Maximum age||66 years for 9 years term
63 years for 12 years term
60 years for 15 years term
|Maximum maturity age||75 years|
|Premium term||9 years / 12 years / 15 years|
|Minimum Sum Assured||Rs.35,000 for 9 years term
Rs.50,000 for 12 years term
Rs.70,000 for 15 years term
|Maximum Sum Assured||No limit|
|Premium payment||Single premium|
|Loan||Eligible after 1st year
|Surrender||Eligible with immediate effect|
|On Death||Sum Assured (1st five years)
Sum Assured + Loyalty addition (After 5 years)
|Income Tax Benefits||Premium paid is eligible for Tax rebate u/s 80c|