LIC's NEW BIMA BACHAT | PLAN 916

This is a single premium, non-linked, with profits Money Back type Plan

Features & Conditions of NEW BIMA BACHAT PLAN

Minimum age at entry : 15 years Ibd Maximum age at entry : 50 years nbd

Policy Term – 9, 12 and 15 Years

Term	Max Age at Maturity nbd	Min Sum Assured
9 years	59 years	Rs.35,000
12 years	62 years	Rs.50,000
15 years	65 years	Rs.70,000

Maximum S.A. : No limit

SA in multiples of Rs. 5,000 only.

Available Riders: ADDB and Term Rider for full Policy Term.

Mode of Payment: Single Premium

High S.A. Rebate (As % of Tabular Premium)

Term 9 years:

• Up to Rs. 70,000 : Nil
• Rs. 75,000 to Rs. 1,45,000 : 6%
• Rs. 1,50,000 & above : 8%

Term 12 years:

• Up to Rs. 95,000 : Nil
• Rs. 1,00,000 to Rs. 1,95,000 : 4%
• Rs. 2,00,000 & above  : 6%

Term 15 years:

• Up to Rs.  45,000  :  Nil
• Rs. 1,50,000 to Rs. 2,95,000 : 3%
• Rs. 3,00,000 & above   : 5%

DEATH BENEFIT:

• During 1^st five years policy years : SA on Death
• From 6^th year onwards : SA on Death + Loyalty Addition, if any.

SURVIVAL BENEFIT:

• For Policy Term of 9 years : 15% of SA, after 3^rd & 6^th policy year.
• For Policy Term of 12 years: 15% of SA, after 3^rd,6^th & 9^th policy year.
• For Policy Term of 15 years: 15% of SA, after 3^rd ,6^th,9^th & 12^th policy year.

MATURITY BENEFIT: Single Premium Paid + Loyalty Additions, if any.

Policy Loan: Only after one policy year.

Surrender: First Year: 75% of SP. 2^nd Year Onwards: 90% of SP less SB Paid.

Back Dating: Allowed without lean months benefit. Interest will be charged for exact no. of days from DOC to date of payment.

Proposal Form: 300, 340 or 360

Tax Benefits :

• On Basic Premium : u/s 80C up to 10% of SA Maturity : Taxable
• Death Claim : u/s 10(10D)