2. Bima Bachat Plan
Plan No. 175
New Bima Bachat plan
Plan No. 816
Maturity Benefit Maturity Benefit
Single Premium Paid along
with loyalty addition less
extra premiums ,if any.
Single Premium Paid along with loyalty
addition less Taxes and extra premiums
,if any
Death Claim Benefit Death Claim Benefit
Payment of Sum Assured First 5 years:
Sum Assured shall be payable.
After completion of 5 years:
Sum Assured and Loyalty Additions, if
any shall be payable.
LIC’s New Bima Bachat Plan
Benefits
Death
Benefit
Modified

3. Year-
>
Term
↓
SURVIVAL BENEFIT
(as a percentage of Sum Assured )
3RD
6TH
9TH
12TH
15th
9 15% 15% MAT XXX
12 15% 15% 15% MAT
LIC’s New Bima Bachat Plan - Benefits
There is no change in the percentage of Survival
Benefit payable under Bima Bachat – Plan 175 and New
Bima Bachat Plan - 816 No Change
in SB

4. Particula
rs
Description
Plan No 175
Bima Bachat
Plan No. 816
New Bima Bachat
Age at
entry
15 to 66 years
irrespective of
the policy term
Minimu
m
Maximum
15
years
Term = 9 Term = 12 Term = 15
66 yrs 63 yrs 60 yrs
Age at
Maturit
y
Maximum
75 Years
Maximum 75 Years
Policy
Term
9 , 12 and 15
years
9 , 12 and 15 years
Basic
Sum
Assured
Minimum 20000
and in multiple
of Rs 5000 No
upper limit
Minimum Maximum
Term =
9
Term =
12
Term =
15
Term =
9/12/15
35000 50000 70000
No upper Limit
SA shall be in
multiple of
Rs.5000
LIC’s New Bima Bachat Plan
Eligibility Conditions and Restrictions
Age at Entry
and SA based
on policy term

5. New Bima Bachat
Plan 816
Policy
Term
Sum Assured Band
% of
Tabula
r
Premiu
m
9
years
Less than 75000 Nil
75000 to less than
150000 6%
150000 and above 8%
12
years
Less than 100000 Nil
100000 and less than
200000 4%
200000 and above 6%
15
years
Less than 150000 Nil
150000 and less than
300000 3%
LIC’s New Bima Bachat Plan
High Sum Assured RebatE
Bima Bachat Plan No. 175
Policy
Term
Sum Assured
Band
% of
Tabu
lar
prem
ium
Policy
term –
9,12 and
15 years
Less than
50000 Nil
50000 and
less than
100000
5%
100000 and
less than
200000
7%
200000
And above 8%
High Sum
Assured rebate
based on Term
and SA Band

6. LIC’s Bima Bachat
Plan No 175
LIC’s Bima Bachat
Plan No. 816
Available after completion of 1
year.
Available at any time during the policy
term subject to realisation of the
premium cheque.
No Loyalty Addition payable. No Loyalty Addition payable.
Higher of GSV or SSV payable Higher of GSV or SSV payable
Guaranteed Surrender Value
(GSV)
Guaranteed Surrender Value
(GSV)
GSV is equal to 90% of the
single premium paid excluding
extra premium and less amount
of Survival benefits paid earlier.
1st
Year ~ 70% of Single Premium
excluding taxes and extra
premium,if any.
Thereafter ~ 90% of Single
Premium excluding all Survival
Benefits paid earlier, taxes and
extra premium, if any.
Special Surrender Value (SSV) Special Surrender Value (SSV)
Discounted value of Single
Premium paid excluding extra
premium, if any.
Discounted value of Single
Premium paid excluding taxes and
extra premium,if any.
LIC’s New Bima Bachat Plan
Surrender Value
SV available
at any time.
GSV
modified

7. LIC’s Bima Bachat
Plan No 175
LIC’s Bima Bachat
Plan No. 816
Loan available after payment of
first premium.
Loan facility available after
completion of 1 policy year
Loan can be granted upto 90%
of the Special Surrender Value
Loan can be granted upto 60%
of Surrender Value.
LIC’s New Bima Bachat Plan - Loan
Loan ~ Modified

8. Table No 175
Bima Bachat Plan
Table No 816
New Bima Bachat Plan
Service Tax was borne by the
corporation.
Service Tax shall be applicable
at the prevailing rates and
borne by the policyholder as
per rules.
There shall be no
change in the
following Items
Back Dating
Paid-up Value
Assignment/Nomination
LIC’s New Bima Bachat Plan