a plan for education funds, marriage funds or any future plans to fulfill from LIC with income at regular period prior completion of policy term.

1. NEW BIMA BACHAT
Plan No. 816
Presented by:-
Sumeet Pawar
Insurance Advisor
Call (+91) 7738546484
License No: 10149681
Agency Code: 02187929

2. Features
LIC's New Bima Bachat is a participating non-linked
savings cum protection plan, where premium is paid in
lump sum at the outset of the policy. 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. This plan also takes care of liquidity needs
through its loan facility.

3. Benefits
Death Benefit:
On death during the first five policy years: Sum Assured.
On death after completion of five policy years: Sum Assured
along with Loyalty Addition, if any.

4. Benefits
Survival Benefit:
Payable as given below in case of Life Assured
surviving to the end of the specified durations:
For policy term 9 years: 15% of the Sum Assured at
the end of each of 3rd & 6th policy year
For policy term 12 years: 15% of the Sum Assured at
the end of each of 3rd, 6th & 9th policy year
For policy term 15 years: 15% of the Sum Assured at
the end of each of 3rd, 6th, 9th & 12th policy year

5. Benefits
Maturity Benefit:
Payment of Single Premium (excluding taxes
and extra premium, if any) along with Loyalty
Addition, if any, in case of Life Assured
surviving to the end of the policy term.

6. Benefit Illustration
Basic Details-
Sum Assured: Rs 1,00,000
Age at Entry: 30 yrs
Term: 9 yrs
Single Premium: Rs 74,592 (Rs 72,357 + Rs 2,236)
Survival Returns-
On 3rd yr: Rs 15,000
On 6th yr: Rs 15,000
Approximate Maturity Returns-
Loyalty Addition: Rs 11,000
Maturity: Rs 83,356

7. Eligibility Conditions & Other
Restrictions
Minimum entry age : 15 years(completed)
Maximum entry age : 66 years – for 9 term
Maximum entry age : 63 years – for 12 term
Maximum entry age : 60 years – for 15 term
Maximum maturity age: : 75 years (nearest birthday)
Policy Term : 9, 12 and 15 years
Minimum Sum Assured : Rs.35,000 - for 9 term
Minimum Sum Assured : Rs.50,000 - for 12 term
Minimum Sum Assured : Rs.70,000 - for 15 term
Maximum Sum assured : No limit
(Sum Assured will be in multiples of Rs.5,000 /- only)
Premium payment mode : Single Premium

8. High Sum Assured Rebate
– for 9 year term
Sum Assured (S.A) Rebate (Rs.)
Less than 75,000 Nil
75,000 to 1,45,000 Rs 6 per 1000 on S.A.
1,50,000 and above Rs 8 per 1000 on S.A.

9. High Sum Assured Rebate
– for 12 year term
Sum Assured (S.A) Rebate (Rs.)
Less than 1,00,000 Nil
1,00,000 to 1,95,000 Rs 4 per 1000 on S.A.
2,00,000 and above Rs 6 per 1000 on S.A.

10. High Sum Assured Rebate
– for 15 year term
Sum Assured (S.A) Rebate (Rs.)
Less than 1,50,000 Nil
1,50,000 to 2,95,000 Rs 3 per 1000 on S.A.
3,00,000 and above Rs 5 per 1000 on S.A.

11. Loan Facility
Loan can be availed under this plan any time
after completion of one policy year. The loan
shall be equal to 60% of the surrender value as
on date of sanction of loan.

12. Surrender Value
Buying a life insurance contract is a long term commitment.
However, surrender value is available under the plan on earlier
termination of the contract.
The Guaranteed Surrender Value allowable shall be as under:
a
-Thereafter: 90% of the Single premium excluding taxes, extra
premium, if any and all survival benefits paid earlier.
The Corporation may, however, pay Special Surrender Value as
applicable as on date of surrender provided the same is higher
than Guaranteed Surrender Value.

13. Cooling-off Period
If you are not satisfied with the “Terms and Conditions”
of the policy, you may return the policy to the
Corporation within 15 days from the date of receipt of
the policy stating the reason of objections. On receipt
of the same the Corporation shall cancel the policy and
return the amount of single premium deposited after
deducting the proportionate risk premium for the
period on cover, charges for medical examination,
special reports, if any, and stamp duty.