Legal Status of Firm
Individual - Proprietor
Year of Establishment
2007
Annual Turnover
Rs. 50 Lakh - 1 Crore
Indiamart Member Since
Feb 2010
Lic's New Children's Money Back Plan
LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.
- a) BENEFITS:
Death benefit: On death during the first five policy years: Sum Assured. On death after completion of five policy years: Sum Assured along with Loyalty Addition, if any. b)Survival Benefits: Payable as given below in case of Life Assured surviving to the end of the specified durations: For policy term 9 years: 15% of the Sum Assured at the end of each of 3rd & 6th policy year For policy term 12 years: 15% of the Sum Assured at the end of each of 3rd, 6th & 9th policy year For policy term 15 years: 15% of the Sum Assured at the end of each of 3rd, 6th, 9th & 12th policy year c) Maturity Benefit:
Payment of Single Premium (excluding taxes and extra premium, if any) along with Loyalty Addition, if any, in case of Life Assured surviving to the end of the policy term.
- d) Loyalty Addition
Depending upon the Corporation's experience the policies shall be participate in the profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five policy years and on policyholder surviving to maturity, at such rate and on such terms as may be declared by the Corporation.
Product Details
Company Details
Product Description
LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.
- a) BENEFITS:
Death benefit: On death during the first five policy years: Sum Assured. On death after completion of five policy years: Sum Assured along with Loyalty Addition, if any. b)Survival Benefits: Payable as given below in case of Life Assured surviving to the end of the specified durations: For policy term 9 years: 15% of the Sum Assured at the end of each of 3rd & 6th policy year For policy term 12 years: 15% of the Sum Assured at the end of each of 3rd, 6th & 9th policy year For policy term 15 years: 15% of the Sum Assured at the end of each of 3rd, 6th, 9th & 12th policy year c) Maturity Benefit:
Payment of Single Premium (excluding taxes and extra premium, if any) along with Loyalty Addition, if any, in case of Life Assured surviving to the end of the policy term.
- d) Loyalty Addition
Depending upon the Corporation's experience the policies shall be participate in the profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable on death after completion of five policy years and on policyholder surviving to maturity, at such rate and on such terms as may be declared by the Corporation.
About the Company
We are one of the leading Insurance Services Providers based in Noida, Uttar Pradesh, India. We started our mission as an insurance planner in 2007. We plan for the lives of our clients and their loved ones, so that they can lead their lives without any financial hurdle and achieve success. Our company is purely client-centric and gives the tips to our clients at per their needs and suitability.
Team
Our organization has a team of experienced, well-qualified, and analytically proficient professionals. Our team includes economic experts, insurance sales agents, and financial advisors. This team of our company primarily understands our clients' needs in detail, and then provides the perfect guidance to them.
Quality
We are a quality-obsessed firm and every professional of our company is directed to provide the best quality results and satisfaction to our clients. The professionals of our company lead with a specified strategy and policies, so as to adhere with the company’s quality standards.
Why Us?
The clients approach our company when it comes to Insurance Services due to following factors :
- We offer perfect plans that provide healthy returns to the clients
- Our company renders services at low premiums
- We follow ethical business practices and have client-centric approach
By following these marks our company has succeeded to carve a niche in the market.
Seller Contact Details
D- 55, Sector 15, Noida - 201301, Gautam Budh Nagar, Uttar Pradesh, India
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