BACHAT PLUS

KEY FEATURES OF BACHAT PLUS PLAN

• LIC Bachat Plus is a simple protection and savings plan
• It is an investment plus insurance plan
• Offers dual benefits, like
  • Amount to family in case insured passes away before maturity
  • Lump-sum amount if the insured survives the maturity period
• The proposer has the option to pay the premium either way
  • Single premium or lump sum
  • Limited premium (in 5-years period)
• Options to be selected very carefully as per needs and requirements of the individual
• Premiums and benefits vary from option to option
• The option once selected shall not be altered later
• The plan is available both offline and online
• Death benefits, Maturity benefits, and Loyalty additions are available under the LIC Bachat Plus

Maturity Benefit

“Sum Assured on Maturity” along with Loyalty Additions, if any, shall be payable

• If the insured survives till the maturity date, provided the policy is in force
• Where “Sum Assured on Maturity” is equal to “Basic Sum Assured”

Death Benefit

There are 2 options available under both Single Premium and Limited Premium Payment. The proposer has to choose either of the options under “Sum Assured on Death”.

It is important to give a deep thought before selecting any option under death benefit as once chosen, it cannot be altered later.

For single-premium payment options,

For regular or limited premium payment options,

1. Death during the first five years of the policy

Before the risk commencement date, refund of premium to be paid without interest. The premium shall not include taxes.

After or on the date of risk commencement, “Sum Assured on Death” shall be payable.

2. Death after completion of five years of the policy

Sum Assured on Death along with loyalty additions if any shall be payable.

ELIGIBILITY CRITERIA OF BACHAT PLUS

Minimum basic sum assured	Rs. 1,00,000
Maximum basic sum assured	No limit
Minimum entry age	Single premium: 90 days for options A and B Limited premium: 90 days for option A 40 years for option B
Maximum entry age	Single premium: 44 years for option A 70 years for option B Limited premium: 60 years for option A 65 years for option B
Minimum age at maturity	18 years
Maximum age at maturity	Single premium: 65 years for option A 80 years for option B Limited premium: 75 years for option A 80 years for option B
Policy term	Single premium: 10 to 25 years up to age 40 for option A 10 to 16 years from age 41 to age 44 for option A 10 to 25 years for option B Limited premium: 10 to 25 years both for option A and option B
Premium payment term	Single premium or limited premium for 5 years

Name *

Phone *0 / 10

Email Address *

Birth Date (Age)0 year to 44 years

OptionSelectSingle Premium Opt: ASingle Premium Opt: BLimited Premium (Option: 1)Limited Premium (Option: 2)

Term (10 years to 25 years)0 / 2

Sum AssuredMin. 1,00,000

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