Lic Bima Bachat
vs
Sbi Smart Wealth Builder
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Bima Bachat |
 Sbi Smart Wealth Builder |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 75 years | Maximum Maturity Age - 70 years |
| Premium payment term | 9 to 15 years | 5 to 30 years |
| Plan Entry Age | Minimum Age - 15 years Maximum Age - 66 years | Minimum Age - 7 years Maximum Age - 55 years |
| Sum assured | Rs 35,000 to No limit | 10 X Annualized Premium |
| 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 | 5 to 30 years |
| Claim Settlement Ratio (2023-24) | 98.62 | Minimum Age- 14 year |
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:
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