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Home » Products » Withdrawn Plans » LIC's Bima Nivesh 2005 (Plan No. 171) » Eligibility Condition And Other Restriction
Eligibility Condition And Other Restriction

Eligibility Condition And Other Restriction

 
For the Main Plan
Term Assurance Option
Min. Age at entry
13 years completed
18 years completed
Max. Age at entry
70 years
50 years
Max. Maturity Age
75 years
60 years
Policy Term
5 yrs. and 10 yrs
Same as main plan
Sum Assured
Rs.25,000.
Maximum – No limit.
 
Min. Sum Assured - Rs.1,00,000/-
Max. Sum Assured - An amount up to the basic Sum Assured for Term Assurance subject to a maximum of Rs.25 lakh overall Option limit, under all policies of the life assured.


Premium Rates:

Single Premium rates for Rs.1000 Sum Assured are Rs.995 for 5 years term and Rs. 976 for 10 years term;

Note:
The Term Rider Premium depends on the age nearer birthday and the term of the policy.

REBATES
1% of basic premium on the premium in excess of Rs.50,000.
Rs.500 plus 1.5% of basic premium on the premium in excess of Rs.1,00,000.

LOAN
Loan will be available to the policyholders under this plan within the Surrender Value.

Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512
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