No surrender value is available if the polices are canceled before at least 3 years premiums are paid. Lics new bima gold table 179 lic new bima gold plan is a combination of a money back plan and endowment plan hence it is considered as a special plan policy term is chosen by the policyholder 121620 yrs the policy continues even beyond the policy term till the end of the extended term half of policy term death benefit during. I bought new bima gold policy from lic in 0ct 2007 term20years, premium 17624 rs money back in every 4 year 50,000 rs last oct i got 5ok after paying 4th premium, now i want to surrender this policy, how much amount i will get. Lic bima gold is a traditional money back policy which pays money back benefits at regular intervals. Payable in case of life assured surviving to the end of the specified durations provided the policy is in full force as given below. Life insurance corporation of india completes the 60th anniversary in 2016 and to celebrate the diamond jubilee year, the company has launched a brand new life insurance product bima diamond plan. In case of the death of the policy holder during the policy term, the sum assured will be paid regardless of the earlier payment of the survival benefits. Lics new bima gold 179 maturity, insurance coverage, and benefits calculator. More videos of lic new bima gold, lic new bima gold policy, new. New bima gold is by far one of the most popular insurance plan launched by lic of india. The above statements are based on certain assumptions, which are. Lic new bima gold policy was reintroduced after withdrawal of lic bima gold plan 174, with all features and benefits similar to plan 174 and new bima gold plan 179 is also having additional benefit of extended cover i.
Lic new bima gold plan table 179 is a combination of a money back plan and endowment plan. Benefits provided by lic new bima gold plan death benefit. We use cookies to improve your experience on our site and to show you personalised advertising. Lic bima diamond in hindi summary of lic bima diamond plan table no. In case of unfortunate demise of the insured person during the tenure of the policy, 100 % of the sum assured is paid to the beneficiary of the policy. The unique identification number uin for lic of india s new bima gold plan is 512n236v01. This data will be used to calculate and determine the approximate values. Plan 179, lic new bima gold ppt, lic new bima gold pdf, lic new b. This is a nonlinked, traditional money back policy available for purchase only from 19th september, 2016 to 31st august, 2017. I am receiving a lot of queries regarding the benefit pattern and insurance coverage details of this plan at insurancefunda. It is a plan, where premium is paid till the end of the maturity period, but the policy continues till the end of the extended term, which is half of the policy term. Lic health plus nav plan policy 901 details premium. Please enter correct sum assured, premium, premium paying term, policy term, last premium paid date and your personal details.
New bima gold life insurance policy by lic plan no. The money is repaid at the end of every fourth year of the policy term. A money back return based on the policy term will be paid once every 4 years. The main feature of bima gold policy is free death cover for 2 years is available even though premiums have not been paid after at least 2. Lics new bima gold 179 is a money back plan where a portion of sum. Under this policy, the policyholder is provided the option to attach an addonrider that enhances the. It is a moneyback plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. It is a participating, nonlinked policy that offers guaranteed payouts and a final addition bonus. Lic bima gold policy was introduced on 01092005 and withdrawn on 01042006. New bima gold is one of the most popular insurance plan ever sold by life insurance corporation of india lic. In this plan, the premium is paid for the entire policy term but the plan continues even beyond that till the end of the extended term, which is half of the.
Lic new bima gold 179 maturity is a combination of money back plan and endowment plan. New bima gold is one of the most popular insurance plans ever sold by life insurance corporation of india lic. New bima gold insurance, new bima gold, insurance policy. Life insurance corporation of india payment and premium. It has been decided to introduce lic,s new bima gold plan no. Lics new bima gold plan 179 all details with calculator with premium and benefits. Lic new bima gold is a type of money back plan in which the total premiums that are paid under the policy will be paid later in case of the survival of the policy holder in terms of installments at the durations specified. Life insurance india, new bima gold 179 from lic of india, buy lic policy 1. On life assured surviving the premium paying term of the policy.
Lic new bima gold lic policy features lic premium and. This unique combination provides financial support for the family of the deceased policyholder any time before. Lic new bima bachat policy features lic premium and. Lic new bima gold plan is a combination of a money back plan and endowment plan with extended cover beyond premium paying term. Has an option to choose the fixed policy term of 12 or 16 or 20 years. Lic presented golden jubilee policy bima gold on its 50th golden jubilee year. Invest your present in a safe future lic plans, invest your present in a safe future protect your family with affordable life insurance from lic life insurance corporation of india of india.
The name of policy is kept as a bima diamond because it is launched as a part of lics diamond jubilee year celebration 60 th birthday. Is there such a thing as cheap life insurance policies. Life insurance india, new bima gold 179 from lic of india. It has been decided to introduce lic new bima gold plan no. Lic policies can be surrendered for cash after at least 3 years premiums have been paid. Lic bima gold provides an automatic death cover for two years if the premiums are previously premium is paid for 2 years consecutively. New bima gold features it is a plan where premiums paid over the term of plan are paid back during the policy term in instalments and life insurance cover is available not only during the term but also during the extended term of the plan.
Lets take a look at policy features and other details. It is a money back plan where a portion of sum assured is paid back at specific intervals as survival benefits. This plan allows the policyholder to receive guaranteed payouts. Hi all, i have a lic policy named new bima gold for 16 years and i am paying the premium for 6 years. New bima bachat single premium lic new bima bachat plan table 816 is a single premium money back plan. Loans against lic policy complete list, eligibilty. New bima gold policy by lic latest news about lic of. Premium needs to be paid till the end of policy maturity.
Lic calculator gives you a fair estimate of the surrender value, bonus, loan, paid up and projected maturity value on the basis of the total premium paid. Gold never loses its value, just like lic of india s new bima gold insurance policy. Lics bima diamond is nonlinked, traditional money back policy. Lic new bima gold policy return details benefits example. The installments paid by the policyholder is paid back during the policy term, however, the life cover continues for another half of the entire policy term. It is a single premium participating endowment policy, that is, it is the traditional cash back plan with scheduled payments coupled with the return of the entire premium in addition to loyalty points given at the completion of policy. The new bima gold plan from lic offers income in installments while providing life cover for an extended period beyond the policy term. It is a plan where premiums paid over the term of plan are paid back during the policy term in instalments and life insurance cover is available not only during the term but also during the extended term of the plan. However, advise to policyholders not to surrender or. Presentation details plan term ppt sum assured mode maturity amount maturity year bonus premium total prems paid plan name new bima gold179 2020 000 40 73632036816 11163202033yly total. Lic new bima gold money back plan features lic premium and. What information i managed to get from lic website is that at the maturity of the policy term, the insured will get. Lics new bima gold 179 details with premium and benefit. Lics new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.
Life insurance corporation of india corporate office. Lics new bima gold plan 179 all details with premium and benefits calculator. Hence, if you can afford the premium then you can buy it. Policy term is chosen by the policyholder and premium is paid till the end of the policy term. Lic bima diamond is a new money back policy launched by lic recently. It is a money back plan where part of sum assured is paid back with specific intervals such as. Lic calculator maturity calculator surrender value. L i c s bima gold introduction new bima gold this is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in instaimants at the specified durations in case of survival and sum assured shall be paid in case of death during the term of the policy. Lics new bima gold 179 maturity, insurance coverage and.
Lic s new bima gold plan 179 all details with premium and benefits calculator. Life insurance corporation of india new money back plan. Lic bima diamond plan has been withdrawn by lic and is not available for sale and purchase. Lic bima diamond is a new conventional money back plan from lic of india of the ocassion of lics 60 years of diamond jubilee celebrations. By using this website you agree to our cookie policy. List of all latest lic of india insurance policies.