BIMA BACHAT Single Premium (PLAN 916)

Plan :Bima Bachat (916) Product Summary : Bima Bachat (916) Plan is a single premium, non-linked, with profits Money Back type Plan. Premium Payment Mode: Single Premium Term : 9 Year 12 Year 15 Year Minimum Entry Age : 15 Year Completed Maximum Age at Maturity: Term 9yr then 59yr (Nearest Birthday) Term 12yr then 62yr (Nearest Birthday) Term 15yr then 65yr (Nearest Birthday) Maximum Entry Age : 50 Year Completed Minimum Sum Assured : Term 9yr then 35,000 Term 12yr then 50,000 Term 15yr then 70,000 Maximum Sum Assured : NO LIMIT (Depending upon Income) Policy Benefits : On Death : During 1st five years policy years : Sum Assured only. After completion of five policy years : Sum Assured + Loyalty Addition, if any. On Survival : For Policy Term of 9 years : 15% of SA, after 3rd and 6th policy year. For Policy Term of 12 years : 15% of SA, after 3rd ,6th and 9th policy year. For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th and 12th policy year. At Maturity Time : Single Premium Paid + Loyalty Additions, if any. Surrendered Value : The policy can be surrendered at any time during the policy term subject to realization of the premium cheque. Guaranteed Surrender Value : First year: 70% of the Single Premium excluding taxes and extra premium,if any. Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier. Loan : Loan facility is available under this plan at any time after completion of one policy year. Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c. For more information visit www.LicAllinOneCalc.com