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LIC New Bima Bachat Single Premium Money Back Policy (Table 816) It’s a non linked plan like an Endowment Policy, Offers Single time investment with features of Money Back with Loyalty Additions on Maturity. Best plan for retirement savings, child future, education, marriage. Also, Have an option can take care of liquidity needs by the loan facility, surrender value option. Before buy the policy Know the Eligibility, Sum Assured, policy details, policy new features, benefits, reviews, life insurance coverage, maturity Benefits, premium calculator, maturity calculator, premium chart, return calculator, tax Benefits under Section 80(C) and Section 10 (D). PolicyandFunds.com is one of the top & best LIC Agent in Chennai, provides good customer services to choose perfect Life Insurance Plans in India.
Sample premium rates declared below in table (excluding service tax) per Rs. 1000/- Basic Sum Assured (SA):
|Single Premium per 1000 Sum Assured (Rs)|
|Age (Nearest birthday)||Term|
Grace Period: This future will not applicable under this plan, because its an one time investment and no more further premium will be collected
Free Look Period: Policy holder are not satisfied under the policy condition or like coverage etc., policy holder have the options to cancel the policy within the period of 15 days from date of receipt, provided any claim happen LIC will not be paid.
Exclusions: Suicide committed within one year (12 months) of policy period only 90% of the premiums will be paid to the nominee
Documents Required: Proposal Form 300/340 shall be filled under this plan, and also other proof of documents are required to completed the policy, like address proof, and other Know your customer (KYC) documents.
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