LIC Policy: Under LIC’s Bima Ratna policy, policyholders get 3 types of benefits. These schemes not only give guaranteed returns, but also provide benefits like death benefits and moneyback benefits.
LIC Policy: The country’s largest insurance provider company LIC launches different policies for its policyholders. Different types of benefits are given in these policies. One of these policies of LIC is LIC Bima Ratna Policy. Under LIC’s Bima Ratna policy, policyholders get 3 types of benefits. These schemes not only give guaranteed returns, but also provide benefits like death benefits and moneyback benefits.
LIC’s policy is of long term, but it gives many other benefits along with guaranteed returns. If you are also looking for a similar plan of LIC, then LIC Bima Ratna plan can be a better option for you. In this plan, you get guaranteed bonus, money back and death benefits i.e. three benefits together. Know here the details related to this plan.
Are there 3 benefitsÂ
Under LIC’s Bima Ratna policy, policyholders get 3 types of benefits. In this, benefits like moneyback, guaranteed bonus and death benefits are available. In such a situation, to take advantage of these three facilities, you can invest in this policy.
LIC Bima Ratna policy offers premium options of 15 years, 20 years and 25 years. You can choose the premium as per your wish. You have to pay the premium for 4 years less than the premium for which you choose. Meanwhile, you are paid 25-25 percent of the Basic Sum Assured as moneyback. Money back benefits are available in 13th and 14th year in 15 year plan, 18th and 19th year in 20 year plan and 23rd and 24th year in 25 year plan.
Guaranteed bonus
Under this scheme, it is mandatory for you to take insurance of sum assured of at least Rs 5 lakh. On maturity, 50 percent of the total Sum Assured and Guaranteed Addition is available. Along with this, guaranteed bonus is also given. Under the policy, from the first year to the 5th year, a guaranteed bonus of Rs 50 per 1000 rupees, from the 6th to the 10th year, a bonus of Rs 55 per 1000 rupees, from the 11th to the 25th year, a bonus of Rs 60 per 1000 rupees is available. Is.
Death benefits
If the policy holder dies during the policy, the Sum Assured and Guaranteed Addition money is given to the nominee. In such a situation, up to 125 percent of the Basic Sum Assured or up to 7 times the annual premium, whichever is higher, is paid by LIC to the nominee. Not less than 105% of the total premium paid for the policy can be given as death benefit.
