LIC Bima Account II

Recommendations :No

Name of the policy :
LIC Bima Account II

A brief desciption :

Bima Account II is a traditional life insurance policy from LIC which offers a guaranteed return of 6% every year for all the money held in the policy holder's account. This is a higher version of LIC Bima Account I.

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: 30 times of the annualized premium up to age 35 years, 20 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 :8-60 Years
Minimum amount :Min- 15,000 Max- No limit
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