**Bima Nivesh 2005 Plan Summary:**

Bima Nivesh 2005 (Table No.171) is an investment plan that gives you a compound rate of guaranteed additions and loyalty additions. Bima Nivesh 2005 is the revised version of our popular Bima Nivesh Plan 2004 and is introduced to meet the overwhelming demand for a single premium plan from LIC customers. Bima Nivesh 2005 is a single premium, an ideal investment plan for those who don’t have a regular income but good periodical income.

**Term:**

Bima Nivesh 2005 is available for terms 5 and 10 years.

**Guaranteed Surrender Value:**

The guaranteed surrender value is payable after the policy has run for at least one year.

**Term Assurance Rider:**

Term Assurance Rider is also available by payment of a single premium at the option of the proposer.

**Maturity Benefit:**

Sum Assured + compounded G.A. + Loyalty Addition if any.

**Death Benefit: **

On death, the nominee will receive Sum Assured along with the Compounded Guaranteed Additions plus Loyalty Addition, if any.

**Guaranteed Additions:**

Guaranteed additions at the compound rate of Rs.50 per thousand Sum Assured per annum for the policy with a term of 5 years and at the compound rate of Rs.55 per thousand Sum Assured per annum for the policy with a term of 10 years.

Loyalty Addition: Depending upon the LIC’s experience with regard to mortality, interest, and expenses and based on the term of the policy, Loyalty Addition, if any, may be declared by the LIC and paid on maturity.

**Eligibility Conditions and restrictions for Bima Nivesh plan**

For the Main Plan | Term Assurance Option | |

Min. Age at entry | 13 years completed | 18 years completed |

Max. Age at entry | 70 years | 50 years |

Max. Maturity Age | 75 years | 60 years |

Policy Term | 5 yrs. and 10 yrs | Same as main plan |

Sum Assured | Rs.25,000. Maximum – No limit.
| Min. Sum Assured – Rs.1,00,000/- Max. Sum Assured – An amount up to the basic Sum Assured for Term Assurance subject to a maximum of Rs.25 lakh overall Option limit, under all policies of the life assured. |

**Surrender Value: **

Surrender value is payable after the policy has run at least for one year.**Riders:** A term Assurance rider is available.

**Premium:**

This is a Single Premium Investment Plan, which means you need to pay the premium only once.

Note:

The Term Rider Premium depends on the age of nearer birthday and the term of the policy.

**Premium Rebate:**

1% of basic premium on the premium in excess of Rs.50,000.

Rs.500 plus 1.5% of basic premium on the premium in excess of Rs.1,00,000.

**Loan on Policy:**

The loan will be available to the policyholders under this Bima Nivesh within the Surrender Value.

**Bima Nivesh 2005 Example: **

Mr. Anand takes a 5-year term Bima Nivesh 2005 policy for Rs.1 lakh Sum Assured. On maturity, Mr. Anand will receive Rs.1,27,628 (Rs.1,00,000 SA+ Rs 27628 being guaranteed Addition @ Rs 50 per 1000 SA compounded annually). In addition, he is also eligible to receive loyalty Addition, if any, declared by LIC. In case, he dies before maturity, his nominee will receive Rs. 1 lakh SA + accrued GA at Rs 50 per 1000 SA per annum.

**Note:**

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

raviplease tell me is loyality addition also compounded in bima nivesh 2005 please tell sum assured 25000 LA rate rupees 70 per 1000 sum assured term 10 yrs. what will be matuarity amount

hitesh thakkarif i like to surrender my LIC BIMA NIVESH POLICY AFTER ONE YRS WHAT IS THE VALUE TERM 10 YRS S.A.25000

manoj kumarHi sir,

Me Bima Bachat or Jivan Saral ke bare me janna chahta hu

Please mujhe bataye ya mujhe call kare my contect no. is

9991897900,9034760767

B.N. pillaiI am 59 years at present and wish to have atleast RS 15000/- per month as pension. Could you please advise any suitable LIC policy with guranteed income.

regards

Mrinal Basakis loyalty addition under bima bachat policy, taxable

MaheshHi ,

I am Mahendran

My daughter is 16 years old. I want to start some Pension Plan/Policy for her.

Please advise:

If I pay Rs.500 or 1000 per month for the premium, then what would be the monthly pension amount on maturity of the policy. And what is the maturity time i.e. as to what age her monthly pension will start.

I am in chennai , Kindly let me know some good agent Name

Please make it as simple as possible to understand with example if any.

Thanks

Mahesh.V

Shyamal Sardarplease send yourlowest one time primium statas

TabrejRs.30,000

Mithilesh SinhaMy daughter is 27 years old. I want to start some Pension Plan/Polixy for her.

Please advise:

If I pay Rs.500 or 1000 per month for the premium, then what would be the monthly pension amount on maturity of the policy. And what is the maturity time i.e. as to what age her monthly pension will start.

Please make it as simple as possible to understand with example if any.

Thanks

Sinha

rajendrasinhBima Nivesh 2005, Guaranteed additions at the compound rate of Rs.50 per thousand Sum Assured which the only @ 4 % not good attrective where as bank intrest is double then your benifit where as we do not know your benifit so do not offered such thing like bima nivesh which is time wasting by reading