LIC introduces Bima Kavach (Plan No. 887), a pure term insurance plan designed to offer substantial financial protection to your family in case of your unfortunate demise. Effective from 3rd December 2025, this plan is available for purchase both online and offline.

Plan Identification

• Plan Name: LIC’s Bima Kavach

• Plan No.: 887

• UIN: 512N360V01

• Type: Non-Participating, Non-Linked, Individual, Pure Risk Plan

Key Features at a Glance

Premium & Sum Assured Details

Minimum & Maximum Sum Assured:

• Minimum: ₹2 Crore

• Maximum: No upper limit (subject to underwriting approval)

• Multiples:

  • ₹2–2.75 Cr: Multiples of ₹5 Lakh

  • Above ₹2.75 Cr: Multiples of ₹25 Lakh

Premium Types:

1. Regular Premium – Pay throughout policy term

2. Limited Premium – Pay for 5, 10, or 15 years

3. Single Premium – One-time payment

Smoker vs Non-Smoker:

• Non-Smoker: Lower premiums (requires Urinary Cotinine test)

• Smoker: Higher premiums (no test required if not opting for non-smoker rates)

Death Benefit Options

Option I: Level Sum Assured

• Death benefit = Basic Sum Assured (fixed throughout policy term)

Option II: Increasing Sum Assured

• First 5 years: Basic Sum Assured

• Years 6–15: Increases by 10% of Basic SA each year

• From Year 16: Stays at twice the Basic Sum Assured till maturity

Example: For ₹2 Cr Basic SA, death benefit can go up to ₹4 Cr.

Life Stage Option (Increase Cover Without Medicals)

Available if:

• Option I (Level Sum Assured) + Regular Premium chosen

• Age at entry ≤ 40 years

• Standard life at policy inception

Increase Sum Assured on:

• Marriage: +50% of original SA (max ₹2 Cr increase)

• First Child: +25% of original SA (max ₹1 Cr increase)

• Second Child: +25% of original SA (max ₹1 Cr increase)

Request must be made within 6 months of the event.

Additional Options & Riders

1. Accident Benefit Rider (UIN: 512B203V03)

• Available for: Regular & Limited Premium policies

• Cover: Accidental death benefit up to ₹100 Lakh (overall limit ₹200 Lakh across LIC policies)

• Premium: ₹0.50 per ₹1,000 SA (₹1.00 for police personnel)

2. Death Benefit Instalment Option

• Receive death benefit in instalments over 5, 10, or 15 years

• Modes: Monthly, Quarterly, Half-Yearly, Yearly

• Minimum instalment amounts apply

Premium Rebates & Discounts

CIS & Online rebates are mutually exclusive.

Important Policy Conditions

• Grace Period: 30 days for Yearly/Half-Yearly premiums

• Surrender Value:

  • Regular Premium: No surrender value

  • Single Premium/Limited Premium: Unexpired Risk Premium may be payable

• Loan: Not available

• Paid-up Value: No paid-up value under this plan

• Revival: Allowed within 5 years of first unpaid premium (with interest & underwriting)

Claims & Documents

Death Claim:

• Claim form + Original policy + NEFT mandate

• Death certificate + Age proof (if not admitted)

• Additional docs for accidental/unnatural death (FIR, PM report, etc.)

Suicide Clause:

• Within 12 months of policy start/revival: 80% of premiums paid (excluding extras)

Why Choose LIC Bima Kavach?

• High Cover at Low Cost: Pure term plan with premiums focused on risk cover

• Flexible Sum Assured Options: Level or Increasing cover

• Life Stage Benefit: Increase cover on marriage/childbirth without medicals

• Online Discount: Save up to 7.5% on premiums

• Trust of LIC: Backed by India’s most trusted life insurer

How to Buy

• Online: www.licindia.in

• Offline: Through LIC agents, offices, or intermediaries

Disclaimer: This is a summary of the plan. For complete details, refer to the official policy document. UIN: 512N360V01. Insurance is the subject matter of solicitatio