LIC’s New Bima Gold Summary: (Table No.179)
Gold never loses its value, just like LIC Of India’s New Bima Gold insurance policy. LIC’s New Bima Gold (plan no.179) is special with a profit money back plan that offers 50% of the life cover during extended term even after maturity.
Features:
Auto-cover Facility: If at least two full years’ premiums have been paid in respect of this policy, any subsequent premium be not duly paid, full death cover shall continue for a period of two years from the date of First Unpaid Premium(FUP) or till the end of the policy term, whichever is earlier.
Benefits:
Survival Benefit: Payable in case of the life assured surviving to the end of the specified durations provided the policy is in full force as given below:
For policy term 12 years:
15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year.
For policy term 16 years:
15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &12th policy year.
For policy term 20 years:
10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year.
On the expiry of policy term:
The total amount of premiums (excluding extra/optional rider premiums, if any) paid plus Loyalty Additions, if any, less the amount of survival benefits paid earlier.
Death Benefit:
During the policy term: Payment of an amount equal to Sum Assured under the Basic Plan on the death of the Life Assured during the policy term provided the life cover is in force.
During the extended term: Payment of an amount equal to 50% of Sum Assured under the Basic Plan on the death of the Life Assured during the extended term provided all the premiums under the policy have been paid.
Extended Term: The extended term shall be half of the policy term after the expiry of the policy term.
Payment of Premiums:
The regular premium can be paid either in yearly, half-yearly, quarterly, or monthly (ECS) installments.
Eligibility Conditions and Restrictions for LIC Of India’s New Bima Gold:
FOR BASIC PLAN:
1. Minimum age at entry: 14 years (completed)
2. Maximum age at entry: 57 years (nearest birthday) for Term 12 years
ii. Maximum age at entry: 51 years (nearest birthday) for Term 16 years
iii.Maximum age at entry: 45 years (nearest birthday) for Term 20 years
Age at expiry of extended term: Maximum 75 years (nearest birthday)
Policy Term: 12, 16 and 20 years.
Minimum Sum Assured: Rs. 50,000 /-
Maximum Sum assured: No limit
Sum Assured will be in multiples of Rs.5,000 /- only.
FOR THE ACCIDENT BENEFIT RIDER OPTION :
1. Minimum age at entry: 18 years (completed)
2. Maximum age at entry: 57 years (nearest birthday) for Term 12 years
ii.Maximum age at entry: 51 years (nearest birthday) for Term 16 years
iii.Maximum age at entry: 45 years (nearest birthday) for Term 20 years
Minimum Sum Assured: Rs. 50,000 /-
Sum Assured will be in multiples of Rs.5,000 /- only.
Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to LIC of India within 15 days.
The Unique Identification Number (UIN) for LIC Of India’s New Bima Gold Plan is 512N236V01.
Update: This plan has been discontinued.
pls infrom me taht when my bima gold policy bonus release.
my policy no.960335370
Hi,
If new bima gold policy of Rs. 10 Lakh. of rs .29816/- paid every six months. Then what will be the maturity amount? and what are the amounts received 4th, 8th & 12th years.
I have a bhima gold policy taken in june 2007 .Its is a 20 years money back policy.can u please tell me when will I get my first return and also want to know if I could avaial a loan on this policy and how much could I avail.
can you send me my police detale my policy name new bima gold police no 164347681 and my wife s police no 164347681 plz send me full detale thanks
If i did not encash the cheque within the specified period,it will be forfeited or this will accumulated to policy bonus next time
You need to call 1251 or contact your Branch
I have a bhima gold policy holder.this month I am completing my 4years of 20years policy.I have received a cheque for the bonus amount Rs.20k.My question it is must to credit this cheque in my account?If i don’t have a bank a/c how can I with draw? I did not withdraw this cheaque will it be forfeited?Kindly answer please.
You need to have a Bank account to encash cheque.
When I will pay my Son’s Abhilash Mohanty’s Policy No. 587865862
( Child care policy) and the amount for the aforesaid premium.
Please intimate me on my Email ID- mohanty_dulal@yahoo.com
Prakash Kumar Mohanty
23rd March, 2010.
I would like to know my Bima Gold Policy No. 416852311 next premium due date and amount, please intimate me on my Email Id.
Prakash Kumar Mohanty,
dated 23rd march, 2010.
Please contact your Agent or branch.
Hi,
I have lic’s new bima gold policy. Please advice me how i can see
my payments and updates on on-line? I send enquiry two times but no answer.
thanks
You need to register on LIC’s official website first. Once you have your login details, you can login with your username and password to track your policy details, payment etc.
pse confirm when I would receive the money back on policy no 202327865