It is a single premium plan. Moreover, since the plan is a participating plan, you can get a reasonable estimate of returns using certain assumptions. Not as crisp as non-participating plans. This time, I will save the homework and leave it to you. However, you can expect returns to be low as with other traditional life insurance plans.
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Call on toll free number am to pm Call our toll free number and our representative will help you buy the most suitable plan. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws. This is a non-linked, non-participating endowment plan. This is a saving and protection oriented plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Toll Free No. Public receiving such phone calls are requested to lodge a police complaint. Similar plans Kotak Single Invest Plus Kotak Single Invest Plus is a single premium unit linked plan where, by just paying once, you can reap benefits and also stay protected.
Know more Kotak Premier Life Plan Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.
Know more Kotak Premier Endowment Plan Kotak Premier Endowment Plan offers Guaranteed Additions in the first 5 policy years and also works to provide you a corpus through continued bonuses. Know more Kotak Single Invest Advantage Kotak Single Invest Advantage is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term.
Know more Kotak Assured Savings Plan Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.
LIC’s New Bima Bachat
These are: Death Benefit: This benefit becomes payable to the nominee s in the event of death of the insured. In case the death takes place within the first five years of the policy term, then an amount equal to the sum assured is given to the recipients. Post completion of the five-year period, then in addition to the sum assured, the applicable loyalty bonus is also paid to the nominees of the policy holder. Survival Benefit: These benefits become payable at specified intervals to the policy holder.
LIC New Bima Bachat Premium Calculator
There are three choices of policy term offered to the investor depending on their age and requirements — 9, 12 and 15 years, among which the applicant must choose at the time of application. The minimum sum assured varies as the term of the policy. Also, the applicant must keep in mind that the amount assured must be a multiple of Rs After all, not every life insurance plan is synonymous with each other. Take a look at the features that this policy entails: It is a single premium cash back plan, that is, the lump sum of money is invested in the policy in return for a death benefit. The loyalty addition promised is payable upon maturation of policy or on earlier demise.
LIC New Bima Bachat Plan 816
The policyholder chooses the Sum Assured and the Term of the plan when buying the policy. Based on these and your age, you will have to pay a Single Premium. You have the option of selecting from the 3 policy term options — 9 years, 12 years of 15 years. This is called the Maturity Benefit.
New Bima Bachat (Plan No. – 816)
Benefits Death benefits: An amount equal to the sum assured shall be payable to the nominee in case life insured demise unfortunately in the course of the first five years of the policy term. Sum assured along with the loyalty addition bonus will be paid to the nominee if the policyholder dies after completion of five year period. Maturity benefit: An amount equal to the one-time lump sum paid along with the loyal addition shall be payable to the life insured after the successful completion of the policy term. This amount will be paid further for completion of every 3 years of the policy term. Policy tenure of 9 years: Payable at the completion of the third and sixth year of the policy. Policy tenure of 12 years: Payable at the completion of the third, sixth and ninth year of the policy.