Under this policy, the death benefit is offered if the insured unfortunately loses his life during the policy term. However, if the policyholder survives the policy he is awarded a maturity benefit. LIC Bachat Plus plan also takes care of its policyholder’s liquidity requirements and offers loan facilities.
In case the insured individual passes away during the tenure of the policy, his appointed nominee receives the death benefit. This benefit can be taken as a lump sum or in installments over 5/ 10/ 15 years.When buying the policy, the policyholder has the choice between two options each under Single Premium and Limited Premium Payment.
LIC's Bachat Plus
- 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
LIC பச்சட் பிளஸ் திட்டத்தின் முக்கிய அம்சங்கள்
- LIC’s Bachat Plus plan offers the Life cover, Savings & Single or Limited Premium
- This plan offers Sum Assured at regular intervals depending on the term of the policy that customer choose
- This plan has an option of choosing the Accidental Life cover & Disability Benefit
- LIC also offers the discount in the premium in case the mode of payment is Yearly and also in case of high sum assured
- The loan is also available to the policyholder after the completion of 1 year of the policy
- Settlement option available on Maturity and Death in Installments of 5,10 or 15 Years
- LIC also offers the discount in the premium in case the mode of payment is Yearly and also in case of high sum assured
- The loan is also available to the policyholder after the completion of 1 year of the policy
- Settlement option available on Maturity and Death in Installments of 5,10 or 15 Years
