LIC‘s Bachat Plus plan is a Non-Linked, Participating, Individual Life Assurance Savings plan. Under this plan, the premium can be paid either as Lumpsum (Single Premium) or as Limited Premium with a Premium Payment Term of 5 years. Under each of these premium payment options the proposer will have two options to choose “Sum Assured on Death”.

LIC Bachat Plus (Plan No.861) – Features and Eligibility

Let us see the features and eligibility for LIC Bachat Plus plan.

LIC Bachat Plus (Plan No.861) – Benefits

Let us now look into the benefits of LIC Bachat Plus Plan.

a) Maturity Benefit

If the Life Assured survived till the maturity of the policy, he will receive Sum Assured at maturity and Loyalty Addition (LA) is payable. Here, sum assured at maturity means basic sum assured.

Note that LA is not payabe if you convert your policy to paid up.

b) Death Benefit

Here, the sum assured on death benefits can be available to choose for the policyholder at the time of buying the policy. The premium and benefits will vary based on the option you choose here. The benefits are as below.

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