The new LIC Bima Bachat Plan is for all those people who would prefer security over spending. It is a single premium participating endowment policy, that is, it is . Detailed Review & Our Recommendation on LIC Bima Bachat Plan. Compare Premiums, Key Features & Benefits of this Single Premium Money Back Policy. How the LIC New Bima Bachat Policy works? The policyholder chooses the Sum Assured and the Term of the plan when buying the policy. Based on these and.
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LIC Bima Bachat Plan () – Online Reviews, Features & Benefits
I hereby authorize OneInsure to communicate with me on the given number for my Insurance needs. It is a bcahat 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.
Also, it can be bought through agents, brokers or other company mediators. On maturity, the insured gets approximately Rs.
LIC Bima Bachat
If in-case on death of the insured during policy term, his nominee receives the sum assured. It is a single premium cash back plan, that is, the lump sum of money is invested in the policy in return for a death benefit. To be paid at the termination of 9th year. Single premium of approximate Rs.
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If the policyholder dies before the end of 5 years of the policy tenure, then only the sum assured is returned to the nominee. If the policy holder outlives the duration of the policy, at the time of maturity, a single premium buma excluding extra premium is made along with loyalty additions, if any.
There are three choices of policy term offered to the investor depending on their age and requirements — 9, 12 and 15 years, among which the applicant must choose at the time of application. Also, the applicant must keep in mind that the amount assured must be a multiple of Rs As bachah previously, there is a rebate available for high sum assured. Lix you must know. A OneInsure representative will call you shortly.
Know Your Customer Documents 4.
The loyalty addition promised is payable upon maturation of policy or on earlier demise. What is the Customer Service No. The rate of interest for this will be determined from time to time by the corporation. You will need your policy details for calculation.
PolicyX or any of its subsidiaries does not endorse any of the information provided herewith and are committed in providing correct and unbiased information to its customers helping them make an informed decision.
How much insurance do I get?
Take a look at the features that this policy entails: For a term 12 years: Read on to find out. Cheque for the Single lix 2. To be paid at the termination of 12th year.
Take a look at the features that this policy entails:.
Payable as given below in case of Life Assured surviving to the end of the specified durations: On death after completion of five policy years: What other benefits do I receive during the specified duration of the policy?
The minimum sum assured varies as the term of the policy. On death during the first five policy years: Bima Bachat is the only money-back bims that offers a loan facility.
What about the installment received already? Discount is provided on the higher sum assured. After all, not every life insurance plan policu synonymous with each other. That’s a good decision! For a term 15 years: