This presentation is about LIC New Bima Gold Plan. This is a combination of a money back plan and endowment plan.
Hence it is considered as a “Special Plan”.
Policy Term is chosen by the policyholder (12/16/20 yrs).
The policy continues even beyond the Policy Term till the end of the Extended Term (half of policy term).
Death Benefit during the Policy Term is 100% of the S.A. and during the Extended term is 50% of the S.A.
Maturity Benefit is paid at the end of the Policy Term.