LIC's Bima Gold Life Insurance Plan Policy Features Detail

LIC's Bima Gold Life Insurance Plan Policy Features
Plan Highlights
LIC's new Bima Gold is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in installments at the specified durations in case of survival and Sum Assured shall be paid in case of death during the term of the policy irrespective of whether or not any survival benefits have been paid earlier.
BENEFITS:
Death Benefit: On death of the Life Assured during the term of the policy, an amount equal to Sum Assured under the Basic Plan shall be payable provided the life cover is in force.
Survival Benefit: In case the life assured is surviving to the end of the specified durations, the following benefits shall be payable provided the policy is in full force.
For policy term 12 years : 15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year
For policy term 16 years : 15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &l2th policy year
For policy term 20 years : 10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year
Maturity Benefit: Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus
Loyalty Additions, if any, less the amount of survival benefits paid earlier, shall be payable in case of Life
Assured surviving to the end of the term provided the policy is in full force.
For more Detail on LIC Bima Gold Life Insurance Plan Policy Featurs Charts Review Premium Calulation Presentaion Visit Avdhoot Investment