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ArthGanak Financial Services - Life Insurance

"Zindagi ke saath bhi Zindagi Ke Baad Bhi"

LIC's Micro Bachat - 951 Plan Overview

Aaj Ki Bachat, Kal Ki Sureksha

LIC's Micro Bachat is a regular premium, Non-linked, Participating, Individual, Life Assurance plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and a lumpsum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its Loan facility.

Features

Death During first 5 yrs - Sum Assured
Death During After 5 yrs - Sum Assured + Bonus (max 105% of premium paid)
Maturity Benefit - Sum Assured + Bonus
Loyalty Addition - Premium paid for 5+5 yrs
Riders Available - Like Accidental Death

Brief Features

Eligibility Criteria

Sum Assured : Minimum 50 Thousand to Maximum 2 Lakhs
Maturity Age : 70 Years
Age Limit : From 18 Years to 55 Years
Policy Term : 10-15 Years
Premium Pay Term : Same as Policy Term
Premium Frequency : Month, Quarter, Half Year, Year

Benefits

Total Basic SA : Shall not exceed 2 Lakhs
Revival Facility: Available
Loan Facility: Available
Surrender Facility: Available
Accidental Death and Disability Rider Available, Before 5 yrs of Premium Term
Accidental Benefit Rider Available, Before 5 yrs of Premium Term