LIC Bima Bachat Plan

Sample Premiums for this plan
The below illustration is for a healthy Male (non-tobacco user) opting for
1 Lakhs Cover
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Single Premium Plan
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Loyalty Additions
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Survival Benefit

LIC Bima Bachat Plan is actually a single premium Money Back Plan. This is a non unit-linked insurance traditional plan where a certain amount of money is paid as pre-decided intervals. In this plan the premium is paid only once and 15% of the Sum Assured is paid after every 3 years and the entire Single Premium paid plus Loyalty Additions are paid on Maturity. However, if the Life Insured dies within the policy tenure, the entire Sum Assured is paid irrespective of the amount of money paid as Survival Benefit.

Compare this plan with other Investment Plans

LIC Bima Bachat Plan - Key Features

Single Premium Plan
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This is a single premium plan

Loyalty Additions
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Loyalty Additions are payable on Policy Maturity

Survival Benefit
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Survival Benefit is payable every 3 years of 15% of the Sum Assured

3 policy tenures
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There are 3 policy tenures possible- 9 years, 12 years and 15 years

Sum Assured Rebate
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There is a Sum Assured Rebate for large Sum Assured.

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There are no additional riders in this plan

LIC Bima Bachat Plan - Benefits

Death Benefit

In case of death of the Life Insured, the nominee receives the entire Sum Assured + accrued Bonus

Survival Benefit

The Life Insured would receive the following Survival Benefit

  • For a Policy Term of 9 years, 15% of Sum is payable at the end of 3 and ...

Maturity Benefit

When the policy matures, the entire single premium paid + Loyalty Additions are paid.

Income Tax Benefit

Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10...

Eligibility conditions and other restrictions in LIC Bima Bachat plan




Sum Assured (in Rs.)


No Limit

Policy Term (in years)

9, 12


Premium Payment Term (in years)


Entry Age of Life Insured (in years)



Age at Maturity (in years)



Premium (in Rs.)

Nothing Specified

Payment modes

Yearly, Half-yearly, Quarterly, Monthly and SSS

LIC Bima Bachat Plan - FAQs

angle right iconWhat happens if You want to surrender the policy?

There is a Guaranteed Surrender Value after 1 policy year
Guaranteed Surrender Value = 90% of single premium paid

angle right iconWhat happens if You stop paying the premium?

 This is a single premium plan, so no question of stopping to pay your premiums

angle right iconWhat happens if You want a loan against your policy?

Loan facility is available under this policy at the present rate of interest of 9% p.a. payable half yearly.