Life Insurance is the best way to protect the loved ones in case of an unexpected event. Various advantages and riders are provided by the Birla Sun Life Insurance Company. Pay your premium only one time with LIC Bima Bachat Plan.
These days life insurance plays an important role in every person life. It gives security as well as protection of life. It gives multiple benefits like tax benefits or investment. People buy life insurance so that their family does not face any problem in the absence of them. Life Insurance gives the economic protection to the insured person family. Insurance is must for everyone. People having age between eighteen to seventy years can easily buy this product.
Birla Sun Life Insurance has a partnership with Aditya Birla Group and Sun Life Financial which was established in the year 2000. This is top most first leading insurance company in India. The company main motive is to help the customer with risk management. Birla Sun Life Insurance has different plans and policies. Following are the list of plans provided by this insurance company.
Term Insurance Plans: Term plan gives the life cover benefits at an affordable cost.
Unit Linked Insurance Plans: ULIP gives protection against risks and flexibility to manage the investments.
Endowment Plans: This plan gives the security of life cover along with the savings.
Money Back Plan: This plan has the benefits of life cover and also gives the payout at regular time period.
Child Plans: This plan meets all child future expenses and ensures that his/her dream is surely protecting.
Health Plans: This Plan gives a guarantee of present and future health cover. The insured person health is secured till the age of 80 years.
Whole Life Plan: Whole Life Insurance Plan is permanent. Sometimes this plan treated as Investment options as the person does not get money till the policy holder death.
Annuity Plan: This is a traditional plan without bonus facility. The annuity is purchased in the form of lump sum payments.
Riders: These are the optional benefit which gives peace of mind and person policy more fruitful with the addition of this plan.
LIC Bima Bachat plan is actually a money back plan which offers financial security to the policy owner. This plan has the facility to take only one premium from the policy holder. The amount of premium is calculated within the policy time taken, and till the period of maturity, life insurance is available. This is actually a non unit linked insurance plan in which money is given as pre-decided time. Bonus is to be paid on the maturity of policy or on earlier death of the insured person. LIC Bima Bachat has three benefits:
• Income Tax Benefit
• Maturity Benefit
• Death Benefit
• Survival Benefit
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