Lic Bima Bachat vs Fixed Maturity Plan

Ever come across a large pile of banknotes? You know, by winning the lottery or hitting the jackpot at your favorite casino? Your first instinct must have been to buy a Porsche (that can’t really show its true skills owing to the Indian roads and the traffic) or to buy a house that could, possibly, contest for winning the show – MTV Cribs.

But, instead of dwelling on utopia, wouldn’t it be more prudent to consider your immediate surroundings? For example, your mother who loves to have you around just to start a bit of friendly banter, or your younger brother who aspires to get into Yale but spends his weekends watching Gossip Girl.

Feeling a little less reckless, aren’t we? The new LIC Bima Bachat Plan (Plan No: 916) is for all those people who would prefer security over spending. It is a single premium participating endowment policy, that is, it is the traditional cash-back plan with scheduled payments coupled with the return of the entire premium in addition to loyalty points given at the completion of the policy tenure.

LIC Bima Bachat Plan offers you a range of benefits including:

• Death Benefits
• Maturity Benefits
• Loyalty Additions

• Single Premium Plan
• High Sum Assured Rebate

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from financial hardship in the event of a tragic event, while also assisting you in building lump sum benefits to realize all of your goals.

BSLI Fixed Maturity Plan is a versatile insurance plan with numerous Policy Terms & Sum Assured Multiples to meet your needs and Enhanced Maturity Benefit for higher premiums. ABSLI Fixed maturity plan has a Single Pay Option with the flexibility to choose the policy term between 5- 10 years. By offering protection advantages over the course of the policy, this plan builds a guarantee cushion for your funds, assisting in the protection of all your dreams. 

This plan offers you various benefits including:

• Guaranteed Maturity Benefit
• Death Benefit
• Policy Loan Benefit

• Surrender Benefit
• Partial Withdrawals