LIC launches New Bima Bachat Plan
25 Jan 2014 12:26 AM GMT
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 term of the policy.
On maturity, the single premium would be returned along with loyalty addition, if any. In case of death during the first five years, the sum assured is payable and in case of death after completion of five policy years, the sum assured along with loyalty addition, if any, is payable.
The policy terms available are nine, 12 and 15 years, with the minimum age at entry being15 completed years and the maximum age at entry being 66 years. The maximum maturity age is 75 years.
It is a single premium policy with a minimum sum assured of Rs 35,000 for a 9-year term, Rs 50,000Â for 12 years and Rs 70,000 for 15 years and thereafter in multiples of Rs 5,000. There is no limit on the maximum sum assured.
On maturity, the single premium would be returned along with loyalty addition, if any. In case of death during the first five years, the sum assured is payable and in case of death after completion of five policy years, the sum assured along with loyalty addition, if any, is payable.
The policy terms available are nine, 12 and 15 years, with the minimum age at entry being15 completed years and the maximum age at entry being 66 years. The maximum maturity age is 75 years.
It is a single premium policy with a minimum sum assured of Rs 35,000 for a 9-year term, Rs 50,000Â for 12 years and Rs 70,000 for 15 years and thereafter in multiples of Rs 5,000. There is no limit on the maximum sum assured.
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