LIC  Bima Bachat Table No 175

  Term Age Sum
Minimum 9 15 20000
Maximum 15 66 No Limits

Premium Ceasing Age : 66  Premium Ceasing Term : 1

Plan Highlights


Bima Bachat is a single premium money back plan. The single premium that is paid under the policy will be paid back to the policyholder along with Loyalty Additions, if any. This payment will be done at the time of maturity. If the policyholder survives till the term of the policy, he will receive 15% of the total sum assured every 3 years. There are no riders available under this policy. And it is available for a term of 9, 12 and 15 years.


Death benefit:

On the death of the policyholder during the term of the policy, an amount which is equal to sum assured is paid.

Survival Benefit:

In case the life assured survives till the term of the policy, he will receive 15% of the total sum assured every 3 years. The policy is available for a term of 9 years, 12 years and 15 years respectively.

Maturity Benefit:

Single premium (excluding extra premium) along with Loyalty Additions, if any, is paid to the Life Assured if he survives till the end of the term.

Loyalty Additions

This is a with-profits Plan and the policy shall participate in the profits of the Corporation’s with-profits assurance business. The policy shall, however not be eligible for reversionary bonuses but it will be eligible to a share of profits in the form of Loyalty Addition (one time) which will be only payable on maturity. On the Life Assured surviving the stipulated date of maturity, the policy may be eligible for payment of Loyalty Addition, if any, depending upon the experience of the Corporation at such rate and on such terms as may be declared by the Corporation.


Loan facility is available under this plan after the policy acquires paid-up value. The rate of interest to be charged for loan amount would be determined from time to time by the Corporation. Presently the rate of interest is 9% p.a. payable half-yearly.

Cooling -off period

If a policyholder is not satisfied with the terms and conditions of the policy, he/she may return the policy to the Corporation within 15 days from the date of receipt of the policy.

Back-dating interest

The policies can be dated back within the financial year, as usual. Back-dating interest will be charged at the rate of 9% p.a. for dating back in excess of one month. This rate is subject to revision. The interest shall be charged even where the policy is back dated to a lean month.

Surrender values

The policy can be surrendered for cash after completion of at least one policy year. The Guaranteed Surrender Value is equal to 90 per cent of the Single Premium paid excluding extra premium paid and the survival benefits paid earlier.

WhatsApp chat
%d bloggers like this: