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LIC’s NEW BIMA BACHAT - LIC New Plans policy - 2014

Benefits: LIC’s New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. 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 policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.


a) Minimum entry age : 15 years (completed)
b) 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

c) Maximum maturity age: : 75 years (nearest birthday)

d) Policy Term : 9, 12 or 15 years.

e) Minimum Sum Assured : Rs.35,000 for term 9 years

Rs.50,000 for term 12 years

Rs.70,000 for term 15 years

f) Maximum Sum assured : No limit

Sum Assured will be in multiples of Rs.5,000 /- only.

g) Premium payment mode : Single Premium only

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LIC of India List of LICs New Plans Launching - 2014
1. NEW BIMA BACHAT Plan - Table no. 817
2. NEW BIMA BACHAT Plan - Table no. 814
3. New Moneyback Plan ( 20 years Term ) - Table no. 820
4. New Moneyback Plan ( 25 years Term ) - Table no. 821
5. New Bima Bachat - Table no. 816
6. NEW BIMA BACHAT - Table no. 815


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