Life often throws unexpected challenges our way, making it crucial to have a steadily growing financial safety net. In this regard, LIC New Bima Bachat 2025 combines the benefits of life insurance with a saving scheme to provide guaranteed money back benefits with loyalty additions. Along with providing emergency funds, this strategy also aids in long-term wealth accumulation. In addition to structured payouts and tax benefits, it ensures that your financial objectives are met in a timely manner.
Why Select LIC New Bima Bachat 2025?
LIC New Bima Bachat 2025 is a single premium, non linked money back policy. This is designed for disciplined savers who prefer receiving cash flow in intervals and a lump sum on policy maturity. The plan benefits from LIC’s sovereign guarantee making it safe for investment when compared to other policies in the insurance market.
How Money-Back Benefits Work
Survival benefits start every three policy years with 15% basic sum assured disbursement till policy maturity. For a policy term of:
- 9 years: payouts at the end of years 3 and 6
- 12 years: payouts at the end of years 3, 6 and 9
- 15 years: payouts at the end of years 3, 6, 9 and 12
These accounts for periodic cash flow which can be utilised for short term goals or emergencies without depleting long term savings.
Loyalty Additions and Maturity Benefits
After the fifth anniversary of the policy, LIC now declares loyalty additions, which increase your final corpus. At maturity, you receive:
- Single premium paid
- Accrued loyalty additions
This combination is greatly beneficial for long-term investors and gives a guaranteed corpus that is better than many traditional fixed-income tools.
Death Benefit for Complete Peace of Mind
In the unfortunate event of the life insured’s death:
- Within the first five years: the claimant gets the basic sum assured
- After five years: the claimant gets the basic sum assured and loyalty additions
This guarantees that your family’s financial independence does not get affected, irrespective of the number of years the policy was held.
Tax Savings and Loan Facility
Tax benefits are available under Section 80C of the Income Tax Act for the paid premiums of LIC New Bima Bachat 2025. Maturity and death benefits are also exempted under Section 10(10D). A policy loan can also be availed for sudden expenses against the vested value.
Who Can Apply?
This is available for 90 days to 60 years old individuals. They can select policy terms of 9, 12, or 15 years and a sum assured of ₹1 lakh or greater. Planning is made simple due to ease of a single premium payment and no renewals.