LIC's Bima Account-II (Plan No. 806) is a savings and protection plan that offers: 1) Guaranteed returns of 6% annually on premiums paid. Additional interest may also be earned. 2) Maturity benefits include the full amount in the policyholder's account. Death benefits include the sum assured plus the account amount. 3) Policyholders can take loans after one year and surrender the policy after three years to receive the full account value.

1. LIC’s
BIMA ACCOUNT - II
TABLE NO.806

2. LIC’s BIMA ACCOUNT- II (Plan No.806)
FEATURES
• Guaranteed Returns:
Guaranteed Returns at the Rate of 6% per annum
on the Policyholder’s Account throughout the
term.
• Additional Returns:
Additional Interest may be declared on
Policyholder’s Regular Premium Account based
on Corporations experience.
• Easy Liquidity – Loan can be availed after
completion of 1 year.

3. LIC’s BIMA ACCOUNT- II
(Plan No.806) - Features
• Transparency – Policy charges are disclosed.
• Premiums – Convenient Modes for payment
of premiums & no upper limit on Investment.
• Facility for Top-up premiums.

4. Maturity Benefit :
Amount in Policyholder’s Account.
Death Benefit:
(i) Sum Assured and
(ii) Amount in Policyholder’s Account.
LIC’s BIMA ACCOUNT- II
(Plan No.806) - BENEFITS

5. LIC’s Bima Account-II (Plan No.806)
Benefits
Loan : Available after completion of 1 year.
Loan amount can be to the extent of
60% of the amount in Policyholder’s fund.
Surrender: Full amount in Policyholder’s fund
after the 3rd Policy year.
Top-up premium: Allowed

6. LIC’s BIMAACCOUNT-II (Plan No. 806)
Eligibility Conditions Minimum Maximum
Age at Entry 8 years completed 60 years nearest Birthday
Age at Maturity 18 years completed 70 years nearest Birthday
Policy Term 10 years 15 years
Regular Premium
Yearly - 15000
Half – yearly - 8000
Quarterly - 4000
Monthly(ECS) - 1250
No upper limit
Top-up premium 1000
Total of regular premiums
paid
Face Amount/
Basic Sum Assured
10 times
Annualised Premium(AP)
Upto
Age 35
Age
36 - 45
Age
46-60
30xAP 20xAP 10xAP

7. LIC’s BIMAACCOUNT- II (Plan No. 806)
Benefit Illustration for Maturity Value
Premium / Mode 15000/- Yearly
Sum Assured 150000
Policy Term 15 years
Age 30 years
Maturity Benefit at Interest Rate of 6% 333760
Maturity Benefit assuming Gross Interest
Rate of 10%
437523

8. LIC’s Bima Account - II (Plan No.806)
Loan
• Loan shall be granted on completion of one policy
year. After payment of 1 annualised premium.
• Loan is available to the extent of 60% of the
amount in the Policyholder’s Account.
• The minimum amount of loan is 1000/-.

9. LIC’s Bima Account-II (Plan No.806)
Surrender
Request for surrendered after the 3rd policy
anniversary -
Full amount in the Policyholder’s Account is
paid.
Request for surrender before the 3rd policy
anniversary –
Balance amount in the Policyholder’s Account as
on the date of Surrender is due. The amount
shall be paid on completion of the third policy
year. During the lock-in period no charges shall
be deducted and no interest shall be paid.

10. LIC’s Bima Account-II (Plan No.806)
Additional features
Days of Grace: 30 days from the date of First unpaid
premium (FUP) for all modes of premium
payment.
Revival: Within 12 months of First Unpaid Premium (FUP).
Paid-up Value: When premiums are not paid within the
days of grace, the policy becomes paid-up
and the amount in Policyholder’s Account
shall earn interest at the rate of 5% p.a. The
Guaranteed Interest of 6% shall be restored
from the date of revival.

11. LIC’s BIMAACCOUNT –II ( PLAN NO. 806)
CHARGES
Expense
Charges
1st Year 2nd & 3rd Year Thereafter Top-up
27.5% 7.5% 5% 2.5%
Mortality
Age 11 Age 24 Age 36 Age 45
0.56 ‰ 1.39 ‰ 1.85 ‰ 3.89 ‰
Service Tax As applicable. Current Rate 10.30%
Alteration
Charges
On request for alteration within the contract
Rs.50/-

12. LIC’s Bima Account- II (Plan No.806)
Terms explained
Compulsory Termination –
Applicable when premiums are paid for less
than 2 years and the policy is not revived
during the revival period.
If loan has been availed and the
Policyholder’s Account is less than or equal
to the loan plus loan interest amount.

13. LIC’s Bima Account – II (Plan No. 806)
Go for it…
• For your children aged 8 years and above:
- Show that you care and give them an early
lesson in saving.
- Introduce them to the virtues of Protection &
insurance.
- Use the Maturity amount to help them take their
first independent steps towards a bright future.

14. LIC’s Bima Account-II ( Plan No. 806)
Go for it…
• For you
- Because returns are guaranteed.
- Because the plan offers Additional Interest.
- Because you can avail loan when you need.
- Because it is an ideal account to divert
your small and occasional cash flow –
through top-up premiums

15. LIC’s Bima Account-II ( Plan No. 806)
Go for it….
• Death Benefit includes Sum Assured as
well as Policyholder’s Account Value.
• No Surrender Charges and full amount in
Policyholder’s Account shall be paid on
completion of the third policy
anniversary.
• Because LIC’s Bima Account-II has been
designed especially for you.