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Bima Bachat Plan (Table No. 816)

LIC’s New Bima Bachat is a participating non-linked savings cum protection plan.It is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any.

Key Benefits :

Single premium payment money back plan.

15% of the sum assured is paid after every 3 year as survival benefits.

High sum assured rebate avialable.

There are choices of 3 policy term-9 years,12 years & 15 years.

Eligibility Criteria For New Bima Bachat Plan
Maximum Age at Entry 66 Years(Nearest Birthday) For Term - 9 Years
66 Years(Nearest Birthday) For Term - 12 Years
66 Years(Nearest Birthday) For Term - 15 Years
Maximum Maturity Age 75 Years(Nearest Birthday)
Policy Term 9 Years, 12 Years, 15 Years
Minimum Sum Assured 35,000/- For Term - 9 Years
50,000/- For Term - 12 Years
70,000/- For Term - 15 Years
Maximum Sum Assured No Limit (S.A. in multiple 5000/-)
Policy Mode Only Single Premium
Loan Avialable after 1 Year

Rebate On Higher Sum Assured
Term : 9 Year Less than 75,000/- - Nil
75,000 and Less than 1,50,000/- - 6%
1,50,000 and above - 8%
Term : 12 Year Less than 1,00,000/- - Nil
1,00,000 and Less than 2,00,000/- - 4
2,00,000 and above - 6%
Term : 15 Year Less than 1,50,000/- - Nil
1,50,000 and Less than 3,00,000/- - 3%

On Death:

During 1st five years policy years : Sum Assured only.

After completion of five policy years : Sum Assured + Loyalty Addition, if any.

On Death:

For Policy Term of 9 years : 15% of SA, after 3rd & 6th policy year.

For Policy Term of 12 years : 15% of SA, after 3rd ,6th & 9th policy year.

For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th & 12th policy year.

At Maturity Time:

Single Premium Paid + Loyalty Additions, if any.

Surrendered Value:

The policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Guaranteed Surrender Value:

First year: 70% of the Single Premium excluding taxes and extra premium,if any.

Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.


Loan facility is available under this plan at any time after completion of one policy year.

Income Tax Benefit:

Premium paid under this plan is eligible for TAX rebate under section 80c.

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