The new LIC Bima Bachat Plan is for all those people who would prefer security over spending. It is a single premium participating endowment policy, that is, it is . Detailed Review & Our Recommendation on LIC Bima Bachat Plan. Compare Premiums, Key Features & Benefits of this Single Premium Money Back Policy. How the LIC New Bima Bachat Policy works? The policyholder chooses the Sum Assured and the Term of the plan when buying the policy. Based on these and.
|Published (Last):||10 January 2012|
|PDF File Size:||4.26 Mb|
|ePub File Size:||6.55 Mb|
|Price:||Free* [*Free Regsitration Required]|
A passport sized photograph. What is Bima Bachat? This plan also takes care of liquidity needs through its loan facility. Are there other conditions or restrictions? For policy term 9 years: 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. Ever come across a large pile of banknotes?
How much insurance do I get? The policy holder is insured for an amount equal to the sum assured. A OneInsure representative will call you shortly. Application Li filled in with correct medical history and attested 9.
Bima Bachat is the only money-back policy that offers a loan facility. The premium is decided upon the policy term selected. What other benefits do I receive during the specified duration of the policy?
To be paid at the termination of 3rd year 2. Payment of Single Premium excluding taxes and extra premium, if any along with Loyalty Addition, if any, in case of Life Assured surviving to the end of the policy term. Cheque for the Single premium 2. If the investor survives the entire policy tenure, the entire premium submitted at the beginning of policy term along with the loyalty addition will be returned.
What about the installment received already? If in-case on death of the insured, the nominee receives death benefit of Rs. As the term ends, on polkcy the insured receives the initial single premium and loyalty additions.
Benefits What is Bima Bachat? It is the largest insurance company in India with an estimated asset value of Rs.
LIC Bima Bachat
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.
On death during the first five policy years: A 35 year old chooses 12 year policy term for a sum assured of Rs bachag lakh by paying a single lump sum premium of Rs How helpful was this page? Take a look at the features that this policy entails:. Benefits Policy Document 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.
In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any.
Single premium of approximate Rs. It is a single premium cash back plan, that is, the lump sum of money is invested in the policy in return for a death benefit. If the insured person dies before the conclusion of the policy period, the following events can occur under the LIC Bima Bachat Plan:.
LIC Bima Bachat Plan () – Online Reviews, Features & Benefits
I hereby authorize OneInsure to communicate with me on the given number for my Insurance needs. Read on to find out. YYYY To proceed, help us with some basic details. Discount is provided on the higher sum assured. That’s a good decision!
Take a look at the features that this policy entails: On death after completion of five policy years: The rate of interest for this will be determined from time to time by the corporation. What other benefits does this insurance cover offer?
The amount paid for the premium depends on the duration of the policy taken and life insurance is available till the date of maturity. 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.
How does the plan work?