New bima gold is by far one of the most popular insurance plan launched by lic of india. Life insurance corporation of india new money back plan. New bima gold 179 lic of india s u g g e s t i v e p l a n date of commencement. In case of unfortunate demise of the insured person during the tenure of the policy, 100 % of the sum assured is paid to the beneficiary of the policy. It is a plan, where premium is paid till the end of the maturity period, but the policy continues till the end of the extended term, which is half of the policy term. The below illustration is for a healthy male nontobacco user opting for a sum assured of rs 1,00,000 for a policy term of 20 years.
By using this website you agree to our cookie policy. Lic new bima gold policy return details benefits example. Under this lic bima gold, an individual has to pay a regular premium throughout the selected policy term 12 or 16 or 20. Sample illustration of premium of lic new bima gold plan. No surrender value is available if the polices are canceled before at least 3 years premiums are paid. It is one of the largest insurance companies in the country. The life insurance corporation of india was formed in the year 1956 as the sole life insurance company in india. They specified the auto cover into two periods as below. Marking the 60th anniversary celebrations, lic is coming up with a new money back plan called as lic bima diamond plan no 841. Lic calculator maturity calculator surrender value.
Benefits provided by lic new bima gold plan death benefit. New bima gold life insurance policy by lic plan no. This data will be used to calculate and determine the approximate values. If policyholder survives up to the policy period, then he will receive the below benefits. Maturity benefit available at the end of the premium paying term. Lics new bima gold 179 is a money back plan where a portion of sum. This is a new plan with money back pay outs for people who opt for this plan. Hence, first, let us understand what us auto cover period for lics bima diamond plan no. Lic new bima bachat plan is a participating money back plan where the premium is paid as lump sum amount at the outset of the policy. Lic bima diamond is a new money back policy launched by lic recently. This unique combination provides financial support for the family of the deceased policyholder any time before. More videos of lic new bima gold, lic new bima gold policy, new.
Lics new bima gold 179 maturity, insurance coverage, and benefits calculator. Please enter correct sum assured, premium, premium paying term, policy term, last premium paid date and your personal details. Lic bima gold policy was introduced on 01092005 and withdrawn on 01042006. Lic bima bachat plan 816 was introduced by life insurance corporation of india on 07th january 2014 with uin number 512n284v01. Lic new bima gold plan is a combination of a money back plan and endowment plan with extended cover beyond premium paying term. Lic new bima gold money back plan features lic premium and. Lics new bima gold 179 details with premium and benefit. Lic health plus nav plan policy 901 details premium. Premium needs to be paid till the end of policy maturity. Hi all, i have a lic policy named new bima gold for 16 years and i am paying the premium for 6 years. What information i managed to get from lic website is that at the maturity of the policy term, the insured will get. Life insurance corporation of india lic is celebrating this year 2016 as its diamond jubilee year.
The life insurance corporation of india lic is a governmentowned insurance group and investment company. On life assured surviving the premium paying term of the policy. Lic jeevan saathi joint life plan lic policy features. What will be the extra benefits one will get under lic new. We use cookies to improve your experience on our site and to show you personalised advertising. Lics new bima gold plan 179 all details with premium and benefits calculator. Lics new bima gold table 179 lic new bima gold plan is a combination of a money back plan and endowment plan hence it is considered as a special plan policy term is chosen by the policyholder 121620 yrs the policy continues even beyond the policy term till the end of the extended term half of policy term death benefit during. This new plan is a nonlinked, traditional money back policy. New bima gold insurance, new bima gold, insurance policy. Auto cover and loan facility is available on successful completion of 3 policy years.
Whats more, lics new money back policy provides accidental death and disability benefit riders. Lic calculator gives you a fair estimate of the surrender value, bonus, loan, paid up and projected maturity value on the basis of the total premium paid. It has been decided to introduce lic,s new bima gold plan no. Lic new bima gold 179 maturity is a combination of money back plan and endowment plan. Lic bima diamond in hindi summary of lic bima diamond plan table no. In this plan, the premium is paid for the entire policy term but the plan continues even beyond that till the end of the extended term, which is half of the. Lic issued a special policy on its golden jubilee year called the lic bima gold. Difference between bonus and loyalty addition in lic policies. List of all latest lic of india insurance policies. Lic presented golden jubilee policy bima gold on its 50th golden jubilee year. Lics new money back plan20 years is a participating nonlinked plan which offers an. Lics new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. However, advise to policyholders not to surrender or. The unique identification number uin for lic of india s new bima gold plan is 512n236v01.
We have published the lic reversionary bonus chart together with the lic bonus calculation formula. Hence, performance appraisal can be made only on maturity or there about. The main feature of bima gold policy is free death cover for 2 years is available even though premiums have not been paid after at least 2. Also, a simple reversionary bonus is payable on maturity. Lets take a look at policy features and other details. It is a participating, nonlinked policy that offers guaranteed payouts and a final addition bonus. The company offers a range of insurance and investment products such as insurance plans, pension plans, unitlinked plans and group schemes among others. Time period within which a policy can be revived has been increased from two to three years.
Every individual has an inherent trust in lics brand. The unique identification number of the lics beema diamond plan is 512n307v01. The return from this policy is either 125% of the sum assured or two times of all the premiums. Lic money back policy check premiums for 20 years plan with other insurance plans in india. Premium paying terms available are 12, 16 and 20 years. Maturity benefit at the maturity of the policy, if both or anyone of the 2 life insured are alive, then sum assured with accrued bonus is paid as maturity benefit death benefit in case of death of one of the life insured, i. Since then, till the year 2000, the company has enjoyed a monopoly position in the life insurance segment and has created a customer base of more than 250 million individuals. Check key features, details, benefits, eligibility.
I am receiving a lot of queries regarding the benefit pattern and insurance coverage details of this plan at insurancefunda. Lic bima diamond plan has been withdrawn by lic and is not available for sale and purchase. Life insurance corporation of india benefit illustration. Policy document attached file is in pdf document format. Lic policies can be surrendered for cash after at least 3 years premiums have been paid. Lic new bima gold plan table 179 is a combination of a money back plan and endowment plan. It is a plan where premiums paid over the term of plan are paid back during the policy term in instalments and life insurance cover is available not only during the term but also during the extended term of the plan. New bima gold is one of the most popular insurance plan ever sold by life insurance corporation of india lic. This is the 6th year, i have to pay my premium next month. Loyalty additions depend on the actual performance of the policy taking into consideration the corps mortality experience. This policy claims that your life risk will continue even though you will not pay the premium. Lic new bima gold lic policy features lic premium and. Life insurance corporation of india completes the 60th anniversary in 2016 and to celebrate the diamond jubilee year, the company has launched a brand new life insurance product bima diamond plan. L i c s bima gold introduction new bima gold this is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in instaimants at the specified durations in case of survival and sum assured.
Payable in case of life assured surviving to the end of the specified durations provided the policy is in full force as given below. Lics bima diamond is nonlinked, traditional money back policy. Lic bonus rates for 201516 is out with no major changes. Gold plan 179, lic new bima gold ppt, lic new bima gold pdf, lic. This policy was issued for a limited tenure and is now withdrawn. The name of policy is kept as a bima diamond because it is launched as a part of lics diamond jubilee year celebration 60 th birthday. It is a money back plan where survival benefits are payable on every fourth year.
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