Deat benefits:
If the policy holder dies during the policy payment term the policy amount will be given to the nominee. The amount which was returned back will not be reduced from the payment.
Wednesday, February 3, 2010
Bima bachat - single premium money back plan
Bima bachat is a money back policy whose premium can be paid as a single premium. The returns will be made in the 6th, 9th and 12th year respectively and the single premium paid at the starting will be retuned during the 15th year of the policy if the policy term is 15 years. 15% of the policy amount will be returned during every money back term.
Deat benefits:
If the policy holder dies during the policy payment term the policy amount will be given to the nominee. The amount which was returned back will not be reduced from the payment.
Deat benefits:
If the policy holder dies during the policy payment term the policy amount will be given to the nominee. The amount which was returned back will not be reduced from the payment.
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This is nice plan. But I need to know little bit more before considering this policy. I have read about few others policies too and of all them this one is the most impressive one. But I don't want to take any risk that is why I wanted to a detailed information about the working of this policy.
ReplyDeleteHi, Which one is the single premium option is good in LIC. There should be a option to withdraw money any time after 3 years without any penalties.
ReplyDeleteThis is good plan of LIC. But before considering this policy i want know much more details about LIC Bima Bachat plan. This post is helpful because in this clearly describe how 15% of the amount of the policy will be returned during every money back term.
ReplyDeleteLic corporation is looting people's money in the name of insurance. What additional risk benefit it is offering the trusted customers.
ReplyDelete