- LIC’s New Bima Bachat plan offers the Life cover, Savings & Guaranteed pay-outs by paying Single Premium 
- This plan offers Guaranteed 15% of Sum Assured at regular intervals depending on the term of the policy that customer choose
- On maturity, customer gets back the Single premium paid along the loyalty addition, if any
- This plan has an option of choosing the Accidental Life cover & Disability Benefit
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
- LIC also offer 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 avilable on Maturity and Death   in Installments of 5,10 or 15 Years
 
How Does This Policy Work
Sample illustration
  
    | Eligibility Criteria | 
  
    |  | Min. | Max. | 
  
    | Age | 15 Years(Completed) | 50 Years
 (Near Birthday) | 
  
    | Policy Term | 9,12 & 15 years | 
  
    
    | Premium Payment Term | Same as Policy Term |  | 
   
   
    | Basic Sum Assured | Rs. 35,000 for Term=9 Years Rs,50,000 for Term=12 Years
 Rs.70,000 for Term=15 Years
 | No Limit | 
  
    | Maximum Maturity Age | 59 Years for Term = 9 Years 62 Years for Term = 12 Years
 65 Years for Term = 15 Years
 | 
	| Rider | LIC's NEW TERM ASSURANCE  RIDER (TR) | 
	| Rider | LIC's  ACCIDENTAL DEATH AND DISABILITY  BENEFIT RIDER |