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"Individual Pension Policyholders/ Annuitants can submit Digital Life Certificate through mobile app Jeevan Saakshya. App can be downloaded from play store"     "Revised Working Hours of All Offices of LIC Of India from 10.05.2021, pursuant to Notification S.O.1630(E) Dated 15th April 2021 wherein the CENTRAL GOVERNMENT has Declared Every Saturday as a Public Holiday for Life Insurance Corporation of India."     "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form"     "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES"     Basic Safety measures to fight against Coronavirus Disease(COVID-19)     Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country.     Also on ALL POSSIBLE digital modes through LIC website without any service charges.     Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here     Beware of Spurious Phone Call and Fictitious/Fraudulent Offers     Beware of fake / spurious calls - DOs and DONTs     " FRAUDULENT RECRUITMENT ADs: BEWARE...! "     Notice to Public regarding Combination of Products     For Policy enquiry contact LIC Call Centre Services on (022) 68276827     " Know your policy details through SMS to 'ASKLIC' (ASKLIC < policy no > PREMIUM/LOAN/BONUS/REVIVAL/NOMINATION) and send it to 9222492224 "     'SMS "LICHELP < policy no >" and send it to 9222492224 or 56767877 for Policy Enquiry/Product Query/Registering of complaint under your policy     

Home » Products » Withdrawn Plans » LIC's Bima Bachat (Plan No. 175, UIN : 512N232V01) » Premium payment

Premium Payment

Single Premium

The sample premium rates are as under: -  

Age
Annual Premium per 1000 SA
9
12
15
15
716.40
771.35
804.00
20
717.20
771.85
804.40
25
717.55
772.25
804.95
30
718.45
773.35
806.10
35
721.05
775.75
808.55
40
725.80
780.25
812.95
45
734.10
787.60
819.60
50
746.60
797.90
828.95
55
762.65
811.95
841.75
60
784.80
831.30
859.35
65
816.25
-
-
 

What incentives do I get for a higher sum assured?
Let’s take an example of a 30 year old with a Bima Bachat policy for 12 years. If the sum assured is Rs 45,000 then he has to pay a premium of Rs 34800.75. But for a sum assured amount of Rs 50,000 he will have to pay a premium of Rs 36734.13 only, thus getting a 5% rebate in premium.

Refer to the table below for other rebate percentages:

Conditions for Rebate Percentages
Less than Rs. 50,000 NIL
Rs. 50,000 and Less than Rs.1 lakh 5%
Rs. 1 lakh and Less than Rs.2 lakh 7%
Rs. 2 lakh and above 8%