LIC Bima Bachat ( Table No.175 ) is A single premium money back policy which gives you insurance cover as well as offers 15% of sum assured as money back at the end of every third year as per the term of the policy.
The policy can be for 9, 12 or 15 years, and the way it is structured is that you pay the LIC Premium, and then they will return you 15% of the sum assured every third year, and then the initial premium at redemption.
The minimum sum assured for LIC Bima Bachat Policy is Rs. 20000 and multiples of Rs. 5000 thereafter. There is no maximum limit for sum assured for this single premium money back policy.
Bima Bachat Examples:
The policy can be for 9, 12 or 15 years, and the way it is structured is that you pay the LIC Premium, and then they will return you 15% of the sum assured every third year, and then the initial premium at redemption.
The minimum sum assured for LIC Bima Bachat Policy is Rs. 20000 and multiples of Rs. 5000 thereafter. There is no maximum limit for sum assured for this single premium money back policy.
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| LIC Bima Bachat Example |
