Lic Bima Diamond
vs
Lic Jeevan Arogya

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Lic Bima Diamond vs Lic Jeevan Arogya

Lic Bima Diamond

LIC launched the Bima Diamond Plan (table No. 841) on September 19, 2016. This is a non-linked plan, i.e. it doesn't depend on the share market. It is a limited premium paying money-back plan in which the policyholder would be paying fewer premiums for a more extensive policy coverage period. It pro...

Lic Jeevan Arogya

When it comes to offering a complete insurance suite of the most comprehensive financial security in terms of health and life, you are in safe hands with India's most domineering and trusted insurance brand, The Life Insurance Corporation of India. Over the years since its inception, the LIC has sur...

PLAN DETAILS

Lic Bima Diamond


Lic Jeevan Arogya

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Death Benefits
  • Auto Cover
  • Loyalty Addition
  • Health insurance benefits
  • Life insurance benefits
  • Hospital cash benefits
Plan Maturity age Maximum Maturity Age - 65 years Maximum Maturity Age - 80 years
Premium payment term 10 to 15 years NA
Plan Entry Age Minimum Age - 14 years Maximum Age - 45 years Minimum Age - 91 days Maximum Age - 75 years
Sum assured Rs 1 lakh to Rs 5 lakh 100 times of Applicable Daily Benefit (ADB)
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 16, 20, 24 years 25 to 55 years
Claim Settlement Ratio (2023-24) 98.62 98.62

Know More About Plans

Overview

LIC launched the Bima Diamond Plan (table No. 841) on September 19, 2016. This is a non-linked plan, i.e. it doesn't depend on the share market. It is a limited premium paying money-back plan in which the policyholder would be paying fewer premiums for a more extensive policy coverage period.

It provides an aggregate of insurance and savings that cover the financial requirements of the family in the event of the miserable death of the policyholder even after the policy tenure.

This is one of the close-ended plans with the last date for enrollment being August 31st, 2017 accompanied by the LIC’s Diamond Jubilee Year.

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

why-choose
  • Death Benefits
  • Loan Facility
  • Loyalty Additions
  • Auto Cover
  • Maturity Benefits

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.