LIC New Bima Bachat

NEW BIMA BACHAT

(Single Premium)

NEW BIMA BACHATLIC New Bima Bachat Plan is a single premium Money Back Plan.In this plan the premium is paid only once.15% of the Sum Assured is paid after every 3 years and the entire Single Premium paid plus Loyalty Additions is paid at the end of the policy term.However, if the Life Insured dies within the policy tenure, the entire Sum Assured is paid irrespective of the amount of money paid as Survival Benefit.

NEW BIMA BACHATService Tax is applicable on the premium paid for this policy, at the rate of 3.5% of the lump-sum premium paid.It provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term.In addition, if there is any single premium, on maturity, this shall be returned along with Loyalty Addition. This plan also takes care of liquidity needs through its loan facility.

BENEFITS

Death benefit

Maturity

Benefit

Survival

Benefits

Loyalty

Addition

Death benefitOn 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.

Survival BenefitsPayable 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

Maturity BenefitPayment of Single Premium along with Loyalty Addition, if any, in case of Life Assured surviving to the end of the policy term. Payment of single premium is excluding taxes and extra premium, if any.

Loyalty AdditionDepending upon the Corporation's experience the policies shall be participate in the profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five policy years and on policyholder surviving to maturity, at such rate and on such terms as may be declared by the Corporation.

ELIGIBILITYMinimum entry age 15 years (completed) Maximum entry age 66 years (nearest birthday) for term 9

years 63 years (nearest birthday) for term 12 years 60 years (nearest birthday) for term 15 years

Maximum maturity age 75 years (nearest birthday) Policy Term 9, 12 or 15 yearsMinimum Sum Assured Rs.35,000 for term 9 years

Rs.50,000 for term 12 years Rs.70,000 for term 15 years

Premium payment mode Single Premium only Maximum Sum assured No limit

(In multiples of Rs.5,000)

THANK YOU…

For more detail Contact at-Building No 32,Phase-2,Block-H,Near Sector-5,Gurgaon,Haryana (122001) Telephone: +91 7319758961 (English),+ 91 9711346765 (Hindi)E-mail: [email protected],[email protected]: www.thepolicykart.com