LIC's BIMA BACHAT is a Money back plan. Pay once and be insured for the whole term. Apply now and get the receipt the next day.

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LIC's BIMA BACHAT is a single premium Money Back type plan. Survival Benefits (15% of SA) are paid at 3rd, 6th, 9th and 12th policy year respectively depending on the Policy term.

Survival Benefit:

If the policy holder outlives the duration of the policy, at the time of maturity, a single premium payment (excluding extra premium) is made along with loyalty additions, if any.

Death Benefit:

On death of the Life Assured during the term of the policy, an amount equal to the SA will be paid, apart from Survival Benefits, if any, paid earlier

Premium paid in that financial year towards all life insurance come  with Tax rebate under Sec 80C and in case of Health insurance under sec 80D.