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Are you looking for a reliable savings plan that offers both financial protection and growth? Look no further than LIC New Bima Bachat! As a seasoned LIC Agent in Kolkata, I’m excited to share the ins and outs of this fantastic policy with you.
Table of Contents
Key Takeaways
- LIC New Bima Bachat offers a unique combination of savings and protection.
- Single premium payment makes it hassle-free.
- Regular survival benefits provide liquidity during the policy term.
- Potential for enhanced returns through Loyalty Additions.
- Suitable for various life stages and financial goals.
- Loan facility offers financial flexibility.
What is LIC New Bima Bachat?
LIC New Bima Bachat is a non-linked, participating, individual life assurance savings plan. It’s designed to provide financial protection and regular payouts, making it an excellent choice for those seeking a balance between security and returns.
Key Features:
- Single Premium Payment: Pay once and enjoy coverage for years
- Money-Back Benefits: Receive regular payouts during the policy term
- Life Coverage: Financial protection for your loved ones
- Loyalty Additions: Potential for higher returns
- Loan Facility: Access to funds when you need them
Why Choose LIC New Bima Bachat?
In today’s uncertain times, having a reliable financial safety net is crucial. LIC New Bima Bachat offers just that, and more! Here’s why it’s worth considering:
- Simplicity: With a one-time premium payment, you’re set for the entire policy term. No need to worry about monthly or annual payments!
- Regular Income: Who doesn’t love receiving money? This plan provides survival benefits at regular intervals, helping you meet your financial goals.
- Peace of Mind: Life is unpredictable. LIC New Bima Bachat ensures your family is protected financially, come what may.
- Growth Potential: Through Loyalty Additions, your investment has the opportunity to grow over time.
- Flexibility: Need funds urgently? The loan facility allows you to borrow against your policy.
How Does LIC New Bima Bachat Work?
Let’s break down the key components of this policy:
Premium Payment
Unlike traditional policies that require regular premium payments, LIC New Bima Bachat asks for a single lump sum payment at the start. This feature is perfect for those who prefer a ‘set it and forget it’ approach to financial planning.
Policy Term Options
You can choose from three policy terms:
- 9 years
- 12 years
- 15 years
Select the term that best aligns with your financial goals and life stage.
Survival Benefits
Here’s where it gets exciting! During the policy term, you’ll receive regular payouts:
| Policy Term | Survival Benefit Payout |
|---|---|
| 9 years | 15% of Sum Assured at end of 3rd and 6th year |
| 12 years | 15% of Sum Assured at end of 3rd, 6th, and 9th year |
| 15 years | 15% of Sum Assured at end of 3rd, 6th, 9th, and 12th year |
Imagine receiving a chunk of money every few years – it’s like a bonus for staying financially disciplined!
Maturity Benefit
At the end of the policy term, you’ll receive:
- Return of your Single Premium
- Loyalty Addition (if any)
It’s like getting back what you invested, plus a potential bonus!
Death Benefit
In the unfortunate event of the policyholder’s demise, the nominee receives:
- During first 5 policy years: Sum Assured on Death
- After 5 policy years: Sum Assured on Death + Loyalty Addition (if any)
Sum Assured on Death is defined as the higher of:
- 1.25 times the Single Premium
- Basic Sum Assured
Who Should Consider LIC New Bima Bachat?
This policy is ideal for:
- Young professionals looking to kickstart their savings journey
- Parents planning for their children’s future
- Middle-aged individuals aiming to secure their retirement
- Anyone seeking a low-maintenance, high-reward savings plan
How to Get Started with LIC New Bima Bachat
Ready to secure your financial future? Here’s how to get started:
- Determine your budget: Decide how much you can invest as a lump sum.
- Choose your policy term: 9, 12, or 15 years – which suits you best?
- Calculate your Sum Assured: This will depend on your budget and chosen term.
- Contact a trusted LIC Agent: As an experienced LIC Agent in Kolkata, I’m here to guide you through the process.
- Complete the paperwork: Don’t worry, I’ll help you with this!
- Pay your premium: Once done, you’re all set for a secure financial future.
Real-Life Success Story
Meet Priya, a 30-year-old IT professional from Kolkata. She invested in LIC New Bima Bachat five years ago, choosing the 9-year term. Last year, she received her first survival benefit payout, which she used to fund a family vacation. Priya loves the peace of mind the policy offers and is already planning to reinvest her maturity amount in another LIC policy!
Investing in your future doesn’t have to be complicated. LIC New Bima Bachat offers a straightforward path to financial security and growth. As your trusted LIC Agent in Kolkata, I’m here to help you navigate this journey.
Ready to take the first step towards a secure financial future? Give me a call at 7980031260. Let’s work together to find the perfect LIC plan for you and your family!
Remember, in the world of finance, it’s not just about making money – it’s about making your money work for you. LIC New Bima Bachat does just that, and more!
FAQs About LIC New Bima Bachat
Can I surrender my policy if needed?
Yes, you can surrender your policy anytime. However, it’s advisable to hold the policy for the full term to enjoy maximum benefits.
Are there any tax benefits?
The premium paid and benefits received may be eligible for tax benefits under the Income Tax Act, subject to changes in tax laws. It’s best to consult a tax advisor for specific advice.
Can I take a loan against my LIC New Bima Bachat policy?
Yes, you can avail a loan after completing one policy year. The loan amount can be up to 90% of the surrender value.
Is medical examination required for this policy?
Medical examination requirements depend on the Sum Assured and your age. For many, especially younger applicants, it may not be necessary.
Can I add riders to this policy?
Yes, you can enhance your coverage by adding riders like the Accidental Death and Disability Benefit Rider or the New Term Assurance Rider.
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