- LIC’s New Bima Bachat plan offers the Life cover, Savings & Guaranteed pay-outs by paying Single Premium 
 
   - This plan offers Guaranteed 15% of Sum Assured at regular intervals depending on the term of the policy that customer choose
 
   - On maturity, customer gets back the Single premium paid along the loyalty addition, if any
 - This plan has an option of choosing the Accidental Life cover & Disability Benefit
 
   - This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
    
   - In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
 
   - LIC also offer the discount in the premium in case the mode of payment is Yearly and also in case of high sum assured
 
   - The loan is also available to the policyholder after the completion of 1 year of the policy
 
- Settlement option avilable on Maturity and Death   in Installments of 5,10 or 15 Years
 
 
How Does This Policy Work
Sample illustration
  
    | Eligibility Criteria | 
  
  
     | 
    Min. | 
    Max. | 
  
  
    | Age | 
    15 Years(Completed) | 
    50 Years
 (Near Birthday) | 
  
  
    | Policy Term | 
    9,12 & 15 years | 
   
  
  
    
    | Premium Payment Term | 
    Same as Policy Term  | 
     | 
  
   
   
    | Basic Sum Assured | 
    Rs. 35,000 for Term=9 Years 
Rs,50,000 for Term=12 Years 
Rs.70,000 for Term=15 Years | 
    No Limit | 
  
  
    | Maximum Maturity Age | 
    59 Years for Term = 9 Years 
62 Years for Term = 12 Years 
65 Years for Term = 15 Years | 
  
	| Rider | 
	LIC's NEW TERM ASSURANCE  RIDER (TR)    | 	
	| Rider | 
	LIC's  ACCIDENTAL DEATH AND DISABILITY  BENEFIT RIDER |