LIC Micro Bachat
Affordable micro-insurance savings plan for everyday families, with loyalty additions.
About this plan
LIC’s Micro Bachat is a regular premium, Par, Non-linked, Individual, Savings, Life Micro Insurance plan which offers a combination of protection and savings.This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its Loan facility. This is an Endowment plan with Loyalty Additions which shall accrue after completion of five policy years. This is a par product under which policies are entitled to share in profits depending upon actual experience of the Corporation. This Plan can be purchased…
Key features
- ✓Life Micro Insurance Plan
- ✓Payments are payable regularly throughout the term of the policy.
- ✓Auto cover after payment of three full years’ premiums
- ✓Policy loan is available after payment of one full years’ premium(s).
- ✓Loyalty Additions after completion of five policy years 1.
Plan chart — eligibility
Figures are indicative and summarised from the official LIC brochure. Please refer to the PDF or contact us for exact, up-to-date terms.
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