LICs New Bima Bachat Plan Plan No 816

LIC’s New Bima Bachat Plan ( Plan No. 816)

LIC’s New Bima Bachat Plan Benefits Bima Bachat Plan No. 175 New Bima Bachat plan Plan No. 816 Maturity Benefit Single Premium Paid along with loyalty addition less extra less Taxes and extra premiums , if any. Death Claim Benefit Payment of Sum Assured Death Claim Benefit First 5 years: Death Benefit Modified Sum Assured shall be payable. After completion of 5 years: Sum Assured and Loyalty Additions, if any shall be payable.

LIC’s New Bima Bachat Plan - Benefits There is no change in the percentage of Survival Benefit payable under Bima Bachat – Plan 175 and New Bima Bachat Plan - 816 SURVIVAL BENEFIT Year-> No Change in SB (as a percentage of Sum Assured ) Term ↓ 3 RD 6 TH 9 TH 12 TH 9 15% MAT XXX 12 15% 15% MAT 15 15% 15% 15 th MAT

LIC’s New Bima Bachat Plan Eligibility Conditions and Restrictions Description Particulars Age at entry Age at Maturity Policy Term Plan No 175 Bima Bachat 15 to 66 years irrespective of the policy term Plan No. 816 New Bima Bachat Minimum 15 years Maximum Term = 9 Term = 12 Term = 15 66 yrs 63 yrs 60 yrs Maximum 75 Years 9 , 12 and 15 years Minimum Basic Sum Assured Minimum 20000 and in multiple of Rs 5000 No upper limit Term = 9 35000 Term = 12 50000 Age at Entry and SA based on policy term Maximum Term = 15 Term = 9/12/15 70000 No upper Limit SA shall be in multiple of Rs. 5000

LIC’s New Bima Bachat Plan High Sum Assured Rebat. E te m Su reba h m Hig ured Ter n s As ed o and B s ba SA d an New Bima Bachat Plan 816 Bima Bachat Plan No. 175 Sum Assured Band Policy Term Less than 50000 Policy term – 9, 12 and 15 years 50000 and less than 100000 % of Tabula r premi um Policy Term 9 years Nil 5% 100000 and less than 200000 7% 200000 And above 8% 12 years 15 years Sum Assured Band % of Tabular Premium Less than 75000 Nil 75000 to less than 150000 6% 150000 and above 8% Less than 100000 Nil 100000 and less than 200000 4% 200000 and above 6% Less than 150000 Nil 150000 and less than 300000 3% 300000 and above 5%

LIC’s New Bima Bachat Plan Surrender Value LIC’s Bima Bachat Plan No 175 LIC’s Bima Bachat Plan No. 816 Available after completion of 1 year. Available at any time during the policy term subject to realisation of the premium cheque. SV available No Loyalty Addition payable. Higher of GSV or SSV payable Guaranteed Surrender Value (GSV) GSV is equal to 90% of the single premium paid excluding extra premium and less amount of Survival benefits paid earlier. Special Surrender Value (SSV) Discounted value of Single Premium paid excluding extra premium, if any. at any time. Guaranteed Surrender Value (GSV) 1 st Year ~ 70% of Single Premium excluding taxes and extra premium, if any. Thereafter ~ 90% of Single Premium excluding all Survival Benefits paid earlier, GSV taxes and extra premium, if any. modified Special Surrender Value (SSV) Discounted value of Single Premium paid excluding taxes and extra premium, if any.

LIC’s New Bima Bachat Plan - Loan ~ Modified LIC’s Bima Bachat Plan No 175 Plan No. 816 Loan available after payment of first Loan facility available after completion of premium. 1 policy year Loan can be granted upto 90% of the Loan can be granted upto 60% of Special Surrender Value.

LIC’s New Bima Bachat Plan Table No 175 Bima Bachat Plan Table No 816 New Bima Bachat Plan Service Tax was borne by the corporation. Service Tax shall be applicable at the prevailing rates and borne by the policyholder as per rules. There shall be no change in the following Items Back Dating Paid-up Value Assignment/Nomination Thank You!