LIC New Plan 2014- New Bima Bachat Plan

new bima bachat

After closing old bima bachat plan (Table 175) LIC has launched plan New Bima Bachat (Table 816) in 2014. Today we will discuss about this New Bima Bachat Plan 816 & its comparison with old Bima Bachat plan 175.  New Bima Bachat is Money Back plan with single premium mode payment.

New Bima Bachat Plan Comparison

bima bachat
SURVIVAL BENEFIT (as a percentage of Sum Assured )

Year >Term3rd6th9th12th15th

Basic Change incorporated in new LIC plan New Bima Bachat are:-

  • Maximum age at entry depends on the term of the policy.
  • Basic Sum Assured under New Bima Bachat depends on term of policy.
  • Maturity benefit modified taxes paid by you will be subtracted from benefit.
  • Slab is introduced at Death Benefit
  • Surrender and Guaranteed  surrender value changed
  • Loan terms & amount changed.

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Article by Raviraj

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