Lic Micro Bachat vs Lic Bima Shree Life Insurance Plan 2026 | PolicyX
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The LIC Micro Bachat Plan is a traditional, non-linked, participating micro-insurance plan offering both protection and savings, specifically designed for low-income groups. It provides financial support to the family upon the policyholder's unfortunate d
PLAN DETAILS

Lic Micro Bachat

Lic Bima Shree
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 Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 55 years
Plan Sum Assured Same as policy term 10 to 16 years
Plan Entry Age Minimum Age - 18 years Maximum Age - 55 years Minimum Age - 8 years Maximum Age - 45 years
Plan Payment modes Rs 50,000 to Rs 2 lakhs Rs 10 lakhs to No limit
Plan Policy loan Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 10 years Maximum term - 15 years Minimum term - 14 years Maximum term - 20 years
Claim Settlement Ratio (2024-25) 98.5% 98.5%

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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