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LIC's New Bima Bachat (816) Premium Calculator

LIC's New Bima Bachat (816) Premium Calculator - LIC's New Bima Bachat Policy ( plan no 816) policy is a traditional insurance plan introduced by LIC of India and offers protection to both savings and insurance. It offers financial protection to the policy holder during the policy term. LIC New Bima Bachat insurance Plan (plan no 816) is a single premium plan. In the plan certain amount of money will be paid at decided intervals. Customer can enjoy all the benefits for the entire policy term by just paying premium only once for the entire policy term. Single Premium paid plus Loyalty Additions are paid on Maturity of the policy on the survival of the policy holder. If the policy holder dies within the policy period, the entire Sum Assured amount will be paid to the nominee irrespective of the amount of premium paid. LIC's New Bima Bachat Policy ( plan no 816) policy offers a financial assistance to the dependent family members of the policy holder.

LIC's New Bima Bachat (816) Premium Calculator will help customers to calculate premium which is to be paid to get all the benefits available under this policy. Customes can also calculate the amount under the accidental coverage, Death Benefit and Maturity Benefit using LIC's New Bima Bachat (816) Premium Calculator. Policy holders also can calculate cash value, Loan Value, Returns and Surrender value using LIC's New Bima Bachat (816) Premium Calculator.

 

Policy Information:

Entry Age:

  1. Minimum Age: 15 years.
  2. Maximum Age: 66 years for 9 years policy term.
    1. 63 years for 12 years policy term.
    2. 60 years for 15 years policy term.

Sum Assured:

  • Minimum: 35,000/- for 9 years policy term
  • 50,000/- for 12 years policy term.
  • 70,000/- for 15 years policy term.
  • Maximum: No Limit.
  • Policy Term: 9,12 or 15 years.
  • Maturity Age: Maximum 75 Years.
  • Premium payment mode: Single premium only.

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