What is Bima Gold policy of LIC?
LIC Bima Gold is a traditional money back policy which pays money back benefits at regular intervals. The policy, therefore, provides liquidity through money-back benefits which help you deal with your financial needs. The plan also pays loyalty additions which help in boosting the benefit that you receive.
What is the maturity amount of LIC New Bima Gold?
Eligibility – Who is the LIC’s New Bima Gold Plan for?
| Parameters | Eligibility |
|---|---|
| Maximum maturity age | 75 years |
| Minimum sum assured | Rs.50,000 |
| Maximum sum assured | Multiples of Rs.5,000 only (no limit) |
| Policy term | 12, 16, and 20 years |
What is the benefit of LIC Bima Diamond plan?
LIC Bima Diamond Plan Illustration
| Policy Term | Death Benefit | Survival Benefit |
|---|---|---|
| 20 Years | Sum Assured | 15% of the Basic Sum Assured at the end of 4th, 8th, 12th, 16th policy years |
| 24 Years | Sum Assured | 12% of the Basic Sum Assured at the end of 4th, 8th, 12th, 16th and 20th policy years |
What are the benefits of new Bima Gold Plan 179?
Key Features of LIC’s New Bima Gold Plan.
| LIC’s New Bima Gold (Plan 179) – Benefit pattern | |
|---|---|
| Premium Paying Term | 12 Years |
| 4th Year | 15 % of Sum Assured |
| 8th Year | 15 % of Sum Assured |
| 12th Year | Total Premium Paid (excluding riders) + Loyalty Additions – Survival Benefits already paid |
Can I borrow from New Bima Gold policy?
Loan facility: New Bima Gold offers a facility for policyholders to avail loan, however, the policy has to have acquired the paid-up value. LIC determines the interest rate.
What is the meaning of LA in LIC?
Loyalty Addition (LA) is profit shared by LIC among its policy holders in the form of onetime payment in case of maturity or death claim.
What is Diamond policy?
Summary of LIC Bima Diamond Plan – Table No. 841 LIC Bima Diamond Plan is a money back policy which provides life cover for a period greater than the policy term. It is a participating, non-linked policy that offers guaranteed payouts and a Final Addition Bonus.
What is LA and LP in LIC?
What is Loyalty Addition? Loyalty Addition (LA) is profit shared by LIC among its policy holders in the form of onetime payment in case of maturity or death claim. It means that if a policy is getting matured or becoming a death claim, then Loyalty Addition will as per following rates.
How can I get LIC survival benefit?
Survival Benefits: In case the policyholder makes it through the entire policy term, the beneficiary receives 20% of the basic sum assured at the termination of the 5th, 10th, and 15th year of the policy. Additionally, accrued bonuses coupled with 40% of the total sum assured are also provided to the nominee.
Is LIC provide gold loan?
Lic Co Operative Bank Gold Loan Amount Normally, the loan amount is approved upto 70% of current market value of your gold. In case you are ready to pay some higher interest rate, banks can also approve upto 90%. This varies according to each bank’s gold loan scheme.
How does LIC Bima gold policy work?
The money is repaid at the end of every fourth year of the policy term. Has an option to choose the fixed policy term of 12 or 16 or 20 years LIC Bima gold provides an automatic death cover for two years if the premiums are previously premium is paid for 2 years consecutively. How does this plan work?
What is the guaranteed surrender value of LIC policy?
Guaranteed Surrender Value is the amount guaranteed by the company to the policyholder in case of termination of the policy before maturity. Guaranteed Surrender value of Lic policy is 30% of the basic premiums paid.
How to calculate premium for LIC New Jeevan Anand plan?
The premium for LIC New Jeevan Anand plan can be calculated easily by using online LIC New Jeevan Anand Premium Calculator. It requires few basic details like the sum assured, age, and desired policy term, rider requirements, name and contact details. That’s all!
What is the UIN number of LIC’s endowment plan?
Endowment Plan Sr. No. Product Name Plan No. UIN No. 4 LIC’s New Jeevan Anand 915 512N279V02 5 LIC’s Single Premium Endowment Plan 917 512N283V02 6 LIC’s Jeevan Lakshya 933 512N297V02 7 LIC’s Jeevan Labh 936 512N304V02