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LIC New Bima Bachat Premium Calculator

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LIC New Bima Bachat Premium calculator image

About LIC New Bima Bachat Premium Calculator

LIC New Bima Bachat Policy ( plan no 816) is a traditional participating insurance plan. It provides protection to both savings and insurance. It provides financial protection to the policy holder during the policy term. LIC New Bima Bachat money back insurance Plan(plan no 816) is a single premium Money Back Plan. In this plan certain amount of money will be paid at specified intervals. You can get all the benefits for the entire policy term by just paying premium only once for the entire policy term. Single Premium paid plus Loyalty Additions are paid on Maturity of the policy on the survival of the policy holder. However, if the Insured person dies within the policy period, the entire Sum Assured will be paid to the nominee irrespective of the amount of premium paid. This plan provides financial assistance to the dependent family members of the policy holder.

LIC New Bima Bachat Premium Calculator will help you to calculate the premium that has to be paid to get all the benefits available under this policy. You can also calculate the amount that you can get under the accidental coverage, Death Benefit and Maturity Benefit using LIC New Bima Bachat Maturity calculator. You can also calculate cash value, Loan Value, Returns and Surrender value using LIC New Bima Bachat Premium calculator.

LIC New Bima Bachat Premium Calculator Parameters

In LIC New Bima Bachat (plan 816) money back policy you have to meet the below eligibility conditions such as minimum & maximum entry age, Sum Assured, Policy Term and Maturity Age to calculate the premium using LIC New Bima Bachat Premium calculator. The following table will help you to know the eligibility conditions to get the LIC New Bima Bachat policy(plan no 816).

Entry Age
  • Minimum: 15 years.
  • Maximum:
    • 66 years for 9 years policy term.
    • 63 years for 12 years policy term.
    • 60 years for 15 years policy term.
Sum Assured
  • Minimum:
    • 35,000/- for 9 years policy term
    •  50,000/- for 12 years policy term.
    • 70,000/- for 15 years policy term.
  • Maximum: No Limit.
Policy Term
  • 9,12 or 15 years.
Maturity Age
  • Maximum: 75 Years.
Premium payment mode
  •  Single premium only.

LIC New Bima Bachat Premium Calculator

You have to fill the below details of LIC New Bima Bachat premium calculator which are to be required  to calculate the premium to be paid. You can also calculate the coverage amount that you can get under death benefit and Maturity Benefit, and also you can also calculate Survival benefit and Bonus that will be available to you by using LIC New Bima Bachat Premium Calculator.

Name
Email ID
Mobile No
Age
Term
Sum Assured

Plan Presented By policydunia (www.policydunia.com)

Lic Bima Bachat Policy Premium amount, Maturity amount and Benefit illustration

Customer Details
Name VIJAY      Age 25
Term: 9      Sum Assured: 300000
Tabular Premium: 768.95

Lic Bima Bachat Policy Premium Calculator

First Year Premium
Single Premium without tax Tax with tax
212230 6558 218788

Lic Money Back 25 years Medical Requirements

Medical Requirements
NIL

Lic Bima Bachat Policy Benefit Illustration

Age Policy Year Premium Paid Tax Saving Natural Death Coverage Accident Death Coverage Bonus Cash Value Loan value
25 2014 212,230 30,000 303,666 603,666 3,666 148,561 0
26 2015 212,230 30,000 307,332 607,332 7,332 191,007 114,604
27 2016 212,230 30,000 310,998 610,998 10,998 191,007 114,604
28 2017 212,230 30,000 314,664 614,664 14,664 191,007 114,604
29 2018 212,230 30,000 318,330 618,330 18,330 191,007 114,604
30 2019 212,230 30,000 321,996 621,996 21,996 191,007 114,604
31 2020 212,230 30,000 325,662 625,662 25,662 191,007 114,604
32 2021 212,230 30,000 329,328 629,328 29,328 191,007 114,604
33 2022 212,230 30,000 332,994 632,994 32,994 191,007 114,604

Lic Bima Bachat Policy Survival Calculator

Year survival Benefits
3 45,000
6 45,000

Lic Bima Bachat Policy Maturity Calculator

Maturity Benefit 245,224
Survial Benefits 90,000
TotalMaturity Benefit 335,224