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Lic Bima Bachat
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Lic Jeevan Lakshya
| PLAN DETAILS |
Lic Bima Bachat |
Lic Jeevan Lakshya |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum Maturity Age - 65 years |
| Premium payment term | 9 to 15 years | Policy term minus 3 years |
| Plan Entry Age | Minimum Age - 15 years, Maximum Age - 66 years | Minimum Age - 18 years Maximum Age - 50 years |
| Sum assured | Rs 35,000 to No limit | Rs 1 lakh to No limit |
| Premium payment frequency | Single Premium Only | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 9,12, 15 years | Minimum term - 13 years Maximum term - 25 years |
| Claim Settlement Ratio (2024-25) | 98.5% | 98.5% |
The LIC Bima Bachat Plan (Plan No: 916) is a single premium participating endowment policy designed for individuals who prioritize financial security and savings. It functions as a traditional cash-back plan, offering scheduled payments along with the return of the entire premium and loyalty additions upon policy completion.
The LIC Bima Bachat Plan offers a range of key benefits, including:
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