LIC Bima Account I

Recommendations :No

Name of the policy :
LIC Bima Account I

A brief desciption :

Bima Account I from LIC is a traditional non-linked life insurance plan. It scores very high on simplicity and transparency. It assures you with so called Guranteed Returns of 6%. However host of charges make their Guranteed Assured Return to a Guranteed Less Return Plan.

Started date :28/1/2011
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :1. Minimum Sum Assured: 10 times the annualized premium. 2. Maximum Sum Assured: 20 times of the annualized premium up to age 35 years, 14 times of the annualized premium for age between 36 to 45years, 10 times of the annualized premium for age between 46
Returns expected :Less than Fixed Deposit
Entry age :11-50 Years
Minimum amount :Min- 7000 Max- 14000
Mortality Charges :Per 1000 of SA- 20 Years- 1.25, 30 Years- 1.46, 40 Years- 2.57, 50 Years- 6.56
surrender changes :Alteration Charge- Rs 50 (Deduction made on date of alteration of policy)

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Table of Contents

Table of Contents