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 |
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| Sum Assured |
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| Policy Term |
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| Maturity Age |
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| Premium payment mode |
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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.
Plan Presented By policydunia (www.policydunia.com)
Lic Bima Bachat Policy Premium amount, Maturity amount and Benefit illustration
| 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 |