LIC Bachat Plus Plan
Summary of LIC Bachat Plus Plan – Table No. 861
LIC Jeevan Umang is a non-linked, participating, endowment investment insurance plan. It offers live cover and adds to your investment along with providing tax benefits. This plan can be purchased online. We will understand the working of this plan in detail in the section below.
| Plan Name | LIC Bachat Plus |
| Policy Type | Endowment |
| Plan Details | Plan No. 861 |
| UIN | 512N340V01 |
| Launch Date | 16th March, 2021 |
Compare this plan with other Investment Plans
LIC Bachat Plus Plan - Key Features
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LIC Bachat Plus Plan - Benefits
Basic Sum Assured - Guaranteed amount that is payable on maturity of the plan. The customer has to select this amount when taking
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On reaching the date of maturity, you would receive Sum Assured + Loyalty Additions accumulated till date.
You will be eligible to get a loan against this policy once it acquires a Surrender Value.
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The following riders can be taken by paying an additional premium:
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LIC Bachat Plus Plan - Surrender Value
If premiums are not paid on time, even after the grace period, the policy will lapse. A lapsed policy can be revived within a period of 5 consecuti
If less than 2 years’ premiums have been paid and policy has not been revived, all the benefits under the policy shall cease after the expiry of gr
The policy can be surrendered at any time provided premiums have been paid for at least 2 consecutive years. On surrender of the policy, LIC shall
If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to LIC within 15 days from the date
