New Bima Bachat

Product summary

LIC’s Bima Bachat is a money-back policy which offers financial security and assurance to the policy holder and his family. Bima Bachat requires the policy holder to pay only one premium. The amount paid for the premium depends on the duration of the policy taken and life insurance is available till the date of maturity.

Eligible for the policy

The following are the requirements that one needs to be aware of before applying for this policy:

  • The person applying for the policy should have completed 15 years and should not be older than 66 years.
  • The policy will mature when the person is 75 years old.
  • There is a choice of three terms to choose from (9, 12 and 15 years) for the policy depending on the age and requirement of the applicant.
  • The minimum sum that needs to be assured is Rs 20,000/- and there is no limit on the amount that can be assured.
  • It is important to note that the sum assured should be in multiples of Rs 5000/- only.
  • The policy requires the holder to pay a single premium.

Survival Benefit


  • For a term of 9 years: The policy holder will receive 15% of the sum assured at the end of every 3rd and 6th policy year.


  • For a term 12 years: The policy holder will receive 15% of the sum assured at the end of every 3rd, 6th and 9th policy year.


  • For a term 15 years: The policy holder will receive15% of the sum assured at the end of every 3rd, 6th, 9th and 12th policy year.

maturity 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

The policy holder is insured for an amount equal to the sum assured.