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New Bima Bachat 
Plan No. 816 
PRESENTED BY: - 
SUMEET PAWAR 
( INSURANCE ADVISOR) 
CONTAC TS: - 
(+91) 7738546484 
(+91) 9773757120
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.
Benefit 
 Death Benefit: (deal with sudden financial crisis) 
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.
Benefit 
 Survival Benefit: (near Term-End 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
Benefit 
 Maturity Benefit: (Term-End 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. 
Loyalty Addition: Depending upon the Corporation's 
experience the policies shall be participate in the profits 
and shall be eligible for Loyalty Addition. The Loyalty 
Addition, if any, is payable on death after completion of five 
policy years and on policyholder surviving to maturity, at 
such rate and on such terms as may be declared by the 
Corporation.
Benefit Illustration 
Details Value 
Age 30 years 
Term 9 years 
Premium Paying Term Single 
Sum Assured Rs 1,00,000 
Premium Paid (incl. ST) for 1st yr per month Rs 74,592 (Rs 72,357 + Rs 2236) 
Rs 15,000 on 3rd & 6th yr – Money Back @ 15% Rs 30,000 
Loyalty Additions Rs 11,000 
TOTAL Maturity Amount Rs 1,13,356 
Notes : 
This illustration is applicable to a non-smoker male/female standard (from medical, life style and 
occupation point of view) life. 
In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth 
Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.
Eligibility Conditions & Other Restrictions 
Details Value 
Minimum Entry Age 15 years (completed) 
Maximum Entry Age for 9 yr term 66 years (nearest birthday) 
Maximum Entry Age for 12 yr term 63 years (nearest birthday) 
Maximum Entry Age for 15 yr term 60 years (nearest birthday) 
Maximum Maturity Age 75 years (nearest birthday) 
Policy Term 9, 12 and 15 years 
Minimum Sum Assured for 9 yr term Rs 35,000 
Minimum Sum Assured for 12 yr term Rs 50,000 
Minimum Sum Assured for 15 yr term Rs 70,000 
Maximum Sum Assured No Limit 
Sum Assured will be in multiple of Rs 5,000 
Premium Payment Mode Single
Sample Premium Rates 
Following are single premium rates (exclusive of service tax) per Rs. 1000/- Basic 
Sum Assured 
Age Terms 
9 years 12 years 15 years 
15 767.95 771.00 771.55 
25 768.95 772.00 772.70 
35 771.70 775.35 776.80 
45 782.65 787.15 789.25 
55 803.80 808.10 810.70 
65 836.85 - -
Rebate for High Sum Assured & Payment 
Mode 
Sum Assured (in Rs) for 9 yr term Rebate (in Rs) 
Less than 75,000 Nil 
75,000 to 1,45,000 6% of tabular premium 
1,50,000 and above 8% of tabular premium 
Sum Assured (in Rs) for 12 yr term Rebate (in Rs) 
Less than 1,00,000 Nil 
1,00,000 to 1,95,000 4% of tabular premium 
2,00,000 and above 6% of tabular premium 
Sum Assured (in Rs) for 15 yr term Rebate (in Rs) 
Less than 1,50,000 Nil 
1,50,000 to 3,00,000 3% of tabular premium 
3,00,000 and above 5% of tabular premium
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: 
 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. 
The Corporation may, however, pay Special Surrender 
Value as applicable as on date of surrender provided the 
same is higher than Guaranteed Surrender Value.
Loan 
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.
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.
Claims Settlement Report of all Life 
Insurance Companies in India (IRDA Annual Report 2012-13)
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New bima bachat

  • 1. New Bima Bachat Plan No. 816 PRESENTED BY: - SUMEET PAWAR ( INSURANCE ADVISOR) CONTAC TS: - (+91) 7738546484 (+91) 9773757120
  • 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. Benefit  Death Benefit: (deal with sudden financial crisis) 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. Benefit  Survival Benefit: (near Term-End 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. Benefit  Maturity Benefit: (Term-End 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. Loyalty Addition: Depending upon the Corporation's experience the policies shall be participate in the profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five policy years and on policyholder surviving to maturity, at such rate and on such terms as may be declared by the Corporation.
  • 6. Benefit Illustration Details Value Age 30 years Term 9 years Premium Paying Term Single Sum Assured Rs 1,00,000 Premium Paid (incl. ST) for 1st yr per month Rs 74,592 (Rs 72,357 + Rs 2236) Rs 15,000 on 3rd & 6th yr – Money Back @ 15% Rs 30,000 Loyalty Additions Rs 11,000 TOTAL Maturity Amount Rs 1,13,356 Notes : This illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life. In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.
  • 7. Eligibility Conditions & Other Restrictions Details Value Minimum Entry Age 15 years (completed) Maximum Entry Age for 9 yr term 66 years (nearest birthday) Maximum Entry Age for 12 yr term 63 years (nearest birthday) Maximum Entry Age for 15 yr term 60 years (nearest birthday) Maximum Maturity Age 75 years (nearest birthday) Policy Term 9, 12 and 15 years Minimum Sum Assured for 9 yr term Rs 35,000 Minimum Sum Assured for 12 yr term Rs 50,000 Minimum Sum Assured for 15 yr term Rs 70,000 Maximum Sum Assured No Limit Sum Assured will be in multiple of Rs 5,000 Premium Payment Mode Single
  • 8. Sample Premium Rates Following are single premium rates (exclusive of service tax) per Rs. 1000/- Basic Sum Assured Age Terms 9 years 12 years 15 years 15 767.95 771.00 771.55 25 768.95 772.00 772.70 35 771.70 775.35 776.80 45 782.65 787.15 789.25 55 803.80 808.10 810.70 65 836.85 - -
  • 9. Rebate for High Sum Assured & Payment Mode Sum Assured (in Rs) for 9 yr term Rebate (in Rs) Less than 75,000 Nil 75,000 to 1,45,000 6% of tabular premium 1,50,000 and above 8% of tabular premium Sum Assured (in Rs) for 12 yr term Rebate (in Rs) Less than 1,00,000 Nil 1,00,000 to 1,95,000 4% of tabular premium 2,00,000 and above 6% of tabular premium Sum Assured (in Rs) for 15 yr term Rebate (in Rs) Less than 1,50,000 Nil 1,50,000 to 3,00,000 3% of tabular premium 3,00,000 and above 5% of tabular premium
  • 10. 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:  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. The Corporation may, however, pay Special Surrender Value as applicable as on date of surrender provided the same is higher than Guaranteed Surrender Value.
  • 11. Loan 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. 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.
  • 13. Claims Settlement Report of all Life Insurance Companies in India (IRDA Annual Report 2012-13)
  • 14. Get More FREE Insurance Advice