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
SURVIVAL BENEFIT (as a percentage of Sum Assured )
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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