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
915%15%MaturityNANA
1215%15%15%MaturityNA
1515%15%15%15%Maturity

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.

New Bima Bachat Advertisement:- 

new_bima_bachat 

Article by Raviraj

Raviraj is the man behind moneyexcel.com. He is graduate in finance, engaged in blogging since 6 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

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