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  • 916 New Bima Bachat_English

    Bima means Insurance and Bachat means Savings. It is an Insurance plans mention to save the money of the invester.

    916 New Bima Bachat_Hindi

    Bima means Insurance and Bachat means Savings. It is an Insurance plans mention to save the money of the invester.

    It is the single premium payment money back policy specially designed to take care of financial needs of those who wants to invest money for short duration with assured periodic returns.  Policy can be availed with duration of 9 Years, 12 Years and 15 Years for the age group of 15 years to 66 years.

    One time Premium

    • Pay Just once and Forget. Enjoy the benefits of premium in the form of Moneyback for longer period and Benefits of Insurance for over 15 years.

    Assured Money Back

    • It gives 15 % of Basic Sum Assured as Assured and Guaranteed returns every after 3 years. Also get back the entire premium, you have paid.

    Loyalty Addition as Additional Benefit

    • Along with refund of premium after the end of term, loyalty addition is payable as an extra amount by LIC. This is called as Bonus which is added yearly.

    Advantages  

    Loan at Concessional Rate

    Tension Free Claim Settlement

    Conditions

     MinimumMaximum
    Entry Age15 years completed50 years (nearest birthday) 
    Term9, 12, 15 years
    Maturity age65 years (nearest Birthday)
    Mode of PaymentSingle Premium Only
    Sum Assured₹ 35,000/- for term 9 yearsNo Limit
    ₹ 50,000/- for term 12 years
    ₹ 70,000/- for term 15 years


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

    DAB Conditions

    Maximum Sum Assured :- ₹ 1,00,00,000/- not exceed to the basic sum assured

    Minimum Entry Age :- 18 Years completed

    Maximum Entry Age :- 55 Years nearest birthday

    Maximum Maturity Age :- 70 Years nearest birthday


    Sum Assured shall be available in multiples of ₹ 5,000/-