Bima Nivesh is a Newly launched ULIP Plan of LIC of India.
Sum assured selection : What is Sum Assured ? Sum Assured is the Basic Risk cover ,what a proposer want to get this.
There is two option for S.A in Bima Nivesh plan of LIC.
Option 1 Basic S.A. = 1.25 times of single premium
Option 2 Basic S.A. = 10 times of single premium
Maturity benefit : An amount equal to the Unit Fund Value is payable.
Death Benefit:
On death before Commencement of Risk: Amount equal to the Unit Fund Value shall be payable.
On death after Commencement of Risk: Higher of Basic sum assured as selected option Or Unit fund value.
Fund types: 1 Bond fund, 2 Secured fund, 3 Balanced fund & 4 Growth Fund.
Guaranteed Additions
Policy year | Guaranteed addition as % to S.P. |
6 | 3% |
10 | 4% |
15 | 5% |
20 | 6% |
25 | 7% |
