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New Bima Gold Plan
Gold never loses its value, just like LIC Of India‘s New Bima Gold insurance policy. New Bima Gold is a combination of money back plan and endowment plan. It pays you back during the policy term in installments and life insurance cover is available not only during the term but also during the extended term even after maturity.

Features:
Auto-cover Facility: If atleast two full years’ premiums have been paid in respect of this policy, any subsequent premium be not duly paid, full death cover shall continue for a period of two years from the date of First Unpaid Premium(FUP) or till the end of policy term, whichever is earlier.
Benefits:
Survival Benefit: In case the Life Insured survives, he would get the benefits as mentioned below:

For policy term 12 years:
15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year.

For policy term 16 years:
15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &12th policy year.

For policy term 20 years:
10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year.

Maturity Benefit : Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus Loyalty Additions, if any, less the amount of survival benefits paid earlier.

And 50% of the Sum Assured continues as Life Coverage till the end of the Extended Term where no further premiums are payable.

Extended Term: The extended term shall be half of the policy term after the expiry of the policy term.

Death Benefit:
During the policy term: In case of death of the Life Insured
  • During the Policy Term, then 100% of the Sum Assured is paid.
  • After the Policy Term but during the Extended Term, then 50% of the Sum Assured is paid.
Payment of Premiums:
Regular premium can be paid either in yearly, half yearly, quarterly or monthly (ECS) installments.
Eligibility Conditions and Restrictions for LIC Of India’s New Bima Gold:
FOR BASIC PLAN:
i. Minimum age at entry: 14 years (completed)
ii. Maximum age at entry: 57 years (nearest birthday) for Term 12 years
iii. Maximum age at entry: 51 years (nearest birthday) for Term 16 years
iv.Maximum age at entry: 45 years (nearest birthday) for Term 20 years


Age at expiry of extended term: Maximum 75 years (nearest birthday)
Policy Term: 12, 16 and 20 years.
Minimum Sum Assured: Rs. 50,000 /-
Maximum Sum assured: No limit
Sum Assured will be in multiples of Rs.5,000 /- only.

FOR THE ACCIDENT BENEFIT RIDER OPTION :
i. Minimum age at entry: 18 years (completed)
ii. Maximum age at entry: 57 years (nearest birthday) for Term 12 years
iii. Maximum age at entry: 51 years (nearest birthday) for Term 16 years
iv. Maximum age at entry: 45 years (nearest birthday) for Term 20 years

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Call us : +91 - 9560764324,    Emalil us : licinsurancedelhi@gmail.com
 
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