LIC New Bima Bachat Plan (816)

This is a single premium 9, 12 and 15 years term, money back plan. In this plan premium is paid at the beginning and survival benefit 15% of sum assured is paid after every 3 years. At the end of the term, single premium (less service tax and extra premium) with Bonus is paid to the policyholder. The details of the plan are :

Features
     - Single Premium Plan
     - Regular Money back after every 3 years
     - With Profit Plan
     - Loan facility available after 1 year

Maturity Benefit
     1. Single Premium paid, less service tax and extra premium (if any)
     2. Loyalty Addition

Death Benefit
      Sum Assured (if any) if death occures during first 5 years
      Sum Assured + Loyalty Addition (if any) if death occures after 5 years

Eligibility Conditions

Minimum Age at Entry	15 years
Maximum Age at Entry	66 (9 years plan) 63 (12 years plan) 60 (15 years plan)
Maximum Age at Maturity	75 years
Term	9, 12 and 15 years
Premium Mode	Single only
Minimum Sum Assured	Rs. 35,000 (9 years) Rs. 50,000 (12 years) Rs. 70,000 (15 Years)
Maximum Sum Assured	No Limit