HomePersonal FinanceLife InsuranceLIC New Plan 2014- New Bima Bachat Plan

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 >Term 3rd 6th 9th 12th 15th
9 15% 15% Maturity NA NA
12 15% 15% 15% Maturity NA
15 15% 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 

Shitanshu Kapadia
Shitanshu Kapadiahttp://moneyexcel.com/
Hi, I am Shitanshu Kapadia founder of moneyexcel.com. I have written 1800+ articles on this blog. I am PGDBA(marketing), engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. The purpose of this blog is to spread financial awareness and help people in managing money. Please note that the views expressed on this Blog 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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