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Plan No. 916

LICâ€™s New Bima Bachat plan offers the Life cover, Savings & Guaranteed pay-outs by paying Single Premium
This plan offers Guaranteed 15% of Sum Assured at regular intervals depending on the term of the policy that customer choose
On maturity, customer gets back the Single premium paid along the loyalty addition, if any
This plan has an option of choosing the Accidental Life cover & Disability Benefit
This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
LIC also offer the discount in the premium in case the mode of payment is Yearly and also in case of high sum assured
The loan is also available to the policyholder after the completion of 1 year of the policy
Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years

How Does This Policy Work

Sample illustration

Eligibility Criteria
	Min.	Max.
Age	15 Years(Completed)	50 Years (Near Birthday)
Policy Term	9,12 & 15 years
Premium Payment Term	Same as Policy Term
Basic Sum Assured	Rs. 35,000 for Term=9 Years Rs,50,000 for Term=12 Years Rs.70,000 for Term=15 Years	No Limit
Maximum Maturity Age	59 Years for Term = 9 Years 62 Years for Term = 12 Years 65 Years for Term = 15 Years
Rider	LIC's NEW TERM ASSURANCE RIDER (TR)
Rider	LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER