Single Premium Beema Bachat (Fix Deposite) Insurance Plan By LIC


BIMA BACHAT (Fix Deposite) INSURANCE POLICY BY LIC (Table no. 175):

Features of plan: Bima bachat is a single premium money back plan where single premium paid under the policy shall be paid back to the policyholder along with loyalty additions, if any, on maturity. In addition, the survival benefit instalments are payable on survival of the policyholder till the specified durations. The plan also provides the payment of sum assured in case of death during the term of the policy irrespective of whether of not any survival benefits, have been paid earlier. No rider benefits shall be available.

Loyalty additions: this is a participating plan and the policy shall participate in the profits of the corporation’s with-profit assurance business. The policy shall, however not be eligible for reversionary bonus and all shall participate to a share of profits in the form of loyalty addition (one time) only payable on maturity. On the life assured surviving the stipulated date of maturity, the policy may be eligible for payment loyalty addition, if any, depending upon the experience of the corporation at such rate and on such terms as may be declared the corporation.

Plan parameters 

  • Age at entry: Min.15 yrs Completed Max 66 yrs
  • Maturity age: Max. 75 yrs (NBD)
  • Term: 9,12 or 15 yrs.
  • Sum assured: Min. 20,000 Max. No. Limit
  • S.A in multiples: 5,000
  • Mode of payment: Single premium
  • Policy loan: yes
  • Housing loan: yes
  • Assignment: yes
  • Surrender of policy: yes

Underwriting condition:

  • Form no: 300/340
  • Age proof: Std/Non Std
  • Medical exam: Not required for any S.A
  • Risk coverage: SA
  • Dating back @ 9%: Allowed
  • High premium rebate (per 1000 S.A)
  • Less then Rs.50,000 Nil
  • Rs.50,000 & Less then Rs.1Lac 5%
  • Rs.1 Lac & Less then Rs.2 Lac 7%
  • Rs.2 Lac and above 8%

Surrender values (GSV) (SSV): the policy can be surrendered for after completion of at least one policy year. The guaranteed value is equal to 90 percent of the single premium paid excluding extra premium paid and the survival benefits paid earlier. Special surrender value (SSV) is given below:

Benefits:
Maturity benefit: single premium excluding extra premium with loyalty addition if any, shall be payable in case of life assured surviving to the end of the term.

Survival benefit: in case the life assured is surviving to the specified durations the following benefits shall be payable.

For policy term 9 years: 15% of the sum assured at the end of each 3rd & 6th policy year. For policy term12 year: 15% of the sum assured at the end of each 3rd, 6th & 9th policy year.

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

Death benefit: on death of the assured during the term of the policy an amount equal to the sum assured shall be payable.

 

CONTACT US FOR YOUR NEW LIC POLICY: +91-8588908665

10 Responses to Single Premium Beema Bachat (Fix Deposite) Insurance Plan By LIC

  1. SUDHIR KHURANA says:

    I am 65+ (DOB 01.10.1947) i`M INTERESTED IN THE single pr. policy. sum ass.Rs.1000000 (Rs.Ten Lac) for a period of 9 years kindly advise premium.OR PL. ADVISE ME FOR CHILD DEVLOPMENT PLAN FOR MY GRAND CHILDERN WHERE IN I GET THE TAX BENEFIT AND THE MONEY AFTER ME GOES TO CHILDERN,

  2. karuppiah says:

    Dear sir i request to my policy starting to end of transition details my policy name BIMA BACHAT SINGLE PREMIUM MONEY BACK POLICY POLICY NUMBER 746480406 deposit amount is 14572 date 13.08.2010

    • Abhimanyu Mohanta says:

      Dear, Sir I am interested for Bimabachata single premium money back police.
      If I am diposit 50000.00 what is the maturity amount & it is tax free or not??…Nine years policy.

      • Abhimanyu Mohanta says:

        Dear, Sir I am interested for Bimabachata single premium money back police.
        If I am diposit 50000.00 what is the maturity amount & it is tax free or not??…Nine years policy.

        • Arti Singh says:

          Hello Mr. Abhimanyu,
          Hope you are doing well can we have your contact details so that we can call you for best plan for you.
          Or you can call : My Arun Pratap Singh : 0783 070 4390/ 0893 781 5393

          Thanks

  3. vijay pandurang rane says:

    I need singlay premium moneyback policy for my child age 3 yrs appx. for 15 yrs..pls advice me..

    • Aarti Singh says:

      Hello Mr. Vijay,
      Hope you are doing well can we have your contact details so that we can call you for best plan for your lovely child. Or you can call : My Arun Pratap Singh : 0783 070 4390/ 0893 781 5393

      Thanks

  4. kartick giri says:

    mail me for details Bima baqchat police

    • pavithra.p.shanbhag says:

      HELLO Mr kartick giri,
      Hope u r doing well we have u r contact detail so that we can call you for this plan : my pavithra 9986636315

  5. S K Manna says:

    Sir,
    Please tell me LIC bima bachat single premium rs 100000 9 years terms matuirity valu , 12 years matuirity valu inform me as soon as possible.

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