B.O. 11K , 12/56, D.R.Chambers, D B Gupta Road Karol bagh (Near Karolbagh Police station) New Delhi -110005

Bima Bachat (T-816)

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Now About Bima Bachat (T-816)

Calculate your Premium for this plan

LIC’s Bima Bachat Plan (T-816) is a Single Premium with Profits Money Back Type Plan. Policy Term Available Are 9 Year, 12 Year & 15 Year.

KEY FEATURES:

  • Cover age group from 15 Years to 66 years.
  • Single Premium Plan Means No Future Premium Burden.
  • Survival Benefits At Regular Interval (Every Three Year) Helps For Time To Time Expenses.
  • Easy Liquidity Plan.
  • The Policy Can Be Surrendered At Any Time During The Policy Term.
  • Loan Facility Is Available Under This Plan After Completion Of One Policy Year.

POLICY BENEFITS:

Maturity Benefit:

Payment of Single Premium along with Loyalty Addition in case of Life Assured surviving to the end of the policy term.

Survival Benefit:

Payable as given below in case of Life Assured surviving to the end of the specified durations:

  • For policy term 9 years: 15% of the Sum Assured at the end of each of 3rd & 6th policy year
  • For policy term 12 years: 15% of the Sum Assured at the end of each of 3rd, 6th & 9th policy year
  • For policy term 15 years: 15% of the Sum Assured at the end of each of 3rd, 6th, 9th & 12th policy year.

 

Death Benefits:

  • On death during the first five policy years: Sum Assured.

 

  • On death after completion of five policy years: Sum Assured along with Loyalty Addition, if any.

Eligibility Criteria:

 

Minimum Age to Apply 15 Years (Completed)
Maximum Age to Apply 66 Years for 9 Year Term
63 Years for 12 Year Term
60 Years for 15 Year Term
Maximum Maturity Age 75 Years
Policy Term (Premium Payment Term) 9,12 & 15 Years
Minimum Sum Assured 35,000 for 9 Year Term
50,000 for 12 Year Term
70,000 for 15 Year Term
Premium Paying Mode Single Premium Plan
Loan After 1 year
Surrender At Any Time

 
An Illustration: