2. LIC’s New Bima Bachat Plan
Benefits
Bima Bachat Plan
Plan No. 175
New Bima Bachat plan
Plan No. 816
Maturity Benefit
Maturity Benefit
Single Premium Paid along with
Single Premium Paid along with loyalty addition
loyalty addition less extra
less Taxes and extra premiums ,if any
premiums ,if any.
Death Claim Benefit
Payment of Sum Assured
Death Claim Benefit
First 5 years:
Death
Benefit
Modified
Sum Assured shall be payable.
After completion of 5 years:
Sum Assured and Loyalty Additions, if any shall
be payable.

3. LIC’s New Bima Bachat Plan - Benefits
There is no change in the percentage of Survival Benefit payable under
Bima Bachat – Plan 175 and New Bima Bachat Plan - 816
SURVIVAL BENEFIT
Year->
No Change
in SB
(as a percentage of Sum Assured )
Term ↓
3RD
6TH
9TH
12TH
9
15%
15%
MAT
XXX
12
15%
15%
15%
MAT
15
15%
15%
15%
15%
15th
MAT

4. LIC’s New Bima Bachat Plan
Eligibility Conditions and Restrictions
Description
Particulars
Age at
entry
Age at
Maturity
Policy
Term
Plan No 175
Bima Bachat
15 to 66 years
irrespective of the
policy term
Plan No. 816
New Bima Bachat
Minimu
m
Maximum
Term = 9
15 years
Term = 12
Term = 15
66 yrs
63 yrs
60 yrs
Maximum
75 Years
Maximum 75 Years
9 , 12 and 15 years
9 , 12 and 15 years
Minimum
Basic Sum
Assured
Age at Entry
and SA based
on policy term
Minimum 20000 and
in multiple of Rs
5000 No upper limit
Term = 9
35000
Term = 12
50000
Maximum
Term = 15
Term = 9/12/15
70000
No upper Limit
SA shall be in
multiple of
Rs.5000

5. LIC’s New Bima Bachat Plan
High Sum Assured RebatE
New Bima Bachat
Plan 816
Bima Bachat Plan No. 175
Sum Assured Band
Sum Assured Band
% of
Tabular
Premium
Less than
50000
50000 and less
than 100000
Less than 75000
5%
100000 and
less than
200000
7%
200000
And above
8%
15
years
8%
Nil
100000 and less than
200000
4%
6%
Less than 150000
12
years
6%
Less than 100000
Nil
75000 to less than 150000
150000 and above
9
years
Nil
200000 and above
Policy Term
Policy
term –
9,12 and
15 years
% of
Tabula
r
premi
um
Policy
Term
Nil
150000 and less than
300000
3%
300000 and above
5%

6. LIC’s New Bima Bachat Plan
Surrender Value
LIC’s Bima Bachat
Plan No 175
LIC’s Bima Bachat
Plan No. 816
Available after completion of 1 year.
Available at any time during the policy term
subject to realisation of the premium cheque.
SV available
No Loyalty Addition payable.
No Loyalty Addition payable.
Higher of GSV or SSV payable
Higher of GSV or SSV payable
Guaranteed Surrender Value (GSV)
GSV is equal to 90% of the single
premium paid excluding extra premium
and less amount of Survival benefits
paid earlier.
Special Surrender Value (SSV)
Discounted value of Single Premium
paid excluding extra premium, if any.
at any time.
Guaranteed Surrender Value (GSV)
1st Year ~ 70% of Single Premium
excluding taxes and extra premium,if any.
Thereafter ~ 90% of Single Premium
excluding all Survival Benefits paid earlier,
GSV
taxes and extra premium, if any.
modified
Special Surrender Value (SSV)
Discounted value of Single Premium paid
excluding taxes and extra premium,if any.

7. LIC’s New Bima Bachat Plan - Loan
Loan ~ Modified
LIC’s Bima Bachat
LIC’s Bima Bachat
Plan No 175
Plan No. 816
Loan available after payment of first
Loan facility available after completion of
premium.
1 policy year
Loan can be granted upto 90% of the
Loan can be granted upto 60% of
Special Surrender Value
Surrender Value.

8. LIC’s New Bima Bachat Plan
Table No 175
Bima Bachat Plan
Service Tax was borne by the
corporation.
Table No 816
New Bima Bachat Plan
Service Tax shall be applicable at the
prevailing rates and borne by the
policyholder as per rules.
There shall be no change in
the following Items
Back Dating
Paid-up Value
Assignment/Nomination