Table No. 861 : Bachat Plus
Product Info & Benefits:
- LIC’s Bachat Plus plan offers the Life cover, Savings & Single or Limited Premium
- This plan offers Sum Assured at regular intervals depending on the term of the policy that customer choose
- This plan has an option of choosing the Accidental Life cover & Disability Benefit
- Death Benefit:
|
Single Premium
|
Option A
|
10 times of Tabular Premium for the chosen Basic Sum Assured
|
|
Option B
|
1.25 times of Tabular Premium for the chosen Basic SA
|
|
Limited Premium
|
Option 1
|
Higher of
· 10 times of (Tabular Premium for the chosen Basic SA” plus modal loading, if any); or
· Guaranteed Sum Assured on Maturity i.e Basic SA
|
|
|
Option 2
|
Higher of
· 7 times of (“Tabular Premium for the chosen Basic SA” plus modal loading, if any); or
· Guaranteed Sum Assured on Maturity i.e Basic SA
|
|
|
|
|
- LIC also offers the discount in the premium in case the mode of payment is Yearly and also in case of high sum assured
- The loan is also available to the policyholder after the completion of 1 year of the policy
- Settlement option available on Maturity and Death in Installments of 5,10 or 15 Years
