Tag Archives: Bima Bachat

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LIC’s New Bima Bachat Plan Table No. 816

LIC’s new Bima Bachat 816 is a Single premium, non-linked Endowment Assurance Plan with Profit. Other benefits are also available under this plan like tax benefits, loan facility, and Surrender value at any time etc. Sum Assured: Minimum limit for the sum assured are Rs. 35,000/- (9 Year Term), Rs. 50,000/-(12 Year Term), Rs. 75,000/- (15 Year Term) and there is no maximum limit. Policy Term: 9, 12 and 15 Years. Premium Paying Term: Single Premium Policy. Entry Age: The minimum entry age of the policy holder should be 15 years and the maximum age limit is 66 Years (in 9 years Term), Continue Reading »