Lic’s Bima Diamond (841) Plan
Lic Bima diamond plan (841) is the one of the money back based insurance plicy that has been started. Life insurance corporation is launched Bima diamond lic plan for the Diamond Jubilee Celebration.Lic Company are celebrating his 60th year anniversary so LIC launching this policy.Bima Diamond lic plan no.(841) is limited premium payment,non linked With profits Money back type plan. Which Offer a combination and saving plan.This Bima Diamond Plan too many features and advantages as it is money back 4 year policy.
Bima Diamond (841) LIC Plan Features
Maximum entry age :
Term 16 Year-50 years (Nearest Birthday)
Term 20 Year-45 years (Nearest Birthday)
Term 24 Year-41 years (Nearest Birthday)
Max.Maturity age :
Term 16 year-66 Years
Term 20 & 24 year-65 Years
Policy Term :
Premium pay term :
Term 16 Year ppt 10 Years
Term 20 Year ppt 12 Years
Term 24 Year ppt 15 Years
min.sum Assured : 1,00,000
Max.Sum Assured : 5,00,000
Premium pay Mode : Yearly,Halfly,Quarterly,Monthly(ECS)
Extended Cover after Completion Of Policy term.
Extended Cover Period equal to half of the Policy term.
Lic’s Bima Diamond (841) Policy Benifits :
On death during first five Policy Years : Sum-Assured on death.
On death during after five Policy Years : Sum-Assured on death + Loyalty addition if any.
Where Sum-Assured on death is Basic Sum-Assured, Or 10 times of Annualized Premium, Or 105% of all Premiums Paid as on death, Whichever is Higher.
ON SURVIVAL : On Survival Sum assured on Maturity + Loyalty addition if any.
SURRENDERED VALUE : The Policy can be Surrendered at any time during the Policy term Provided atleast Three full Years Premiums have been paid.
Lic’s Bima Diamond (841) LOAN :
Loan Facillity is Available after payment of premiums for atleast Three full years.
INCOME TAX BENEFIT : Premium paid under this plan is eligible for TAX rebate under section 80c. and Maturity under this plan is free under sec 10(10D).
LIC Bima Diamond Plan (841) calculation of Premium for Sum assured of 500000 :
Check out below the Bima Diamond LIC Plan Table No. 841 Premium Calculation of sum assured of rs. 500000 for the age of 14 to 50 year policy holder. Premium amount should be included with service tax of 3.75% for first year.