Lic Bima Diamond
vs
Lic New Money Back
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Bima Diamond |
 Lic New Money Back |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 65 years | Maximum Maturity Age - 70 years |
| Premium payment term | 10 to 15 years | 15 years |
| Plan Entry Age | Minimum Age - 14 years Maximum Age - 45 years | Minimum Age - 13 years Maximum Age - 50 years |
| Sum assured | Rs 1 lakh to Rs 5 lakh | Rs 1 lakh to No limit |
| 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 | 20 years |
| Claim Settlement Ratio (2023-24) | 98.62 | 98.62 |
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:
Consult for Personalized Insurance Advice
Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.
Trouble connecting with an insurance company?
Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com
We are happy to help.
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.
