LIC Bima Ratan Plan 2023 – Everyone is worried about their future, for which they keep planning from now on. Keeping this in mind, Life insurance corporation of India started LIC Bima Ratan Policy. Under which, in case of death in a road accident, financial assistance will be provided to the family members. This scheme is beneficial for many people. In today’s article, we tell you in detail about the new plan of LIC and we will also mention the words by them.
The policy term of this scheme is up to 15 years, and by investing in it investors can get up to 10 times of their initial deposit. As per the plan, investors get 25 per cent return on their investment during the 13th and 14th year of the policy for a policy term of 15 years. By the way, not much time has passed since the launch of this scheme. But the trend of people is increasing rapidly towards this scheme.
Many accidents are seen in India due to non-compliance of road system and transport rules. On the coming days in the news paper, you will get to see such accidents. Any person can apply for this scheme keeping in mind the future.
LIC Bima Ratan Policy
| Policy Name | LIC Bima Ratan Policy |
| Policy Department | Life insurance corporation of India |
| Minimum Sum Assured | 100000 Rupaye |
| Maximum Sum Assured | No limits |
| Guranteed Additional Bonus | Rs.50 per 1000 Sum Assured |
| Age Limit | 60 years |
| Minimium maturity Age | 18 वर्ष |
| Maximium Maturity Age | 75 वर्ष |
| How to buy a policy | Online / Offline |
| Officla Website | https://licindia.in/ |
LIC Bima Ratan Policy
India’s largest insurance company is Life Insurance Corporation of India, which has always been bringing many policies for its customers for safety and savings. Sometime back LIC launched a new plan LIC Ratan Bima Policy which is a type of Non-Linked, Non-Participated Personal Savings Life Insurance Plan.
Under this scheme, if any policyholder becomes a victim of an unfortunate accident and dies during his policy term, then his family will be provided financial assistance under this scheme and will also be given a Guaranteed Bonus. So that his family can get financial help and his family does not have to face any kind of problem.
LIC Bima Ratan Policy Eligibility Criteria
What should be the eligibility criteria to invest in Bima ratan policy plan. About which we are telling you below.
- To invest in this policy plan, the age of the policy holder should be between 90 days to 60 years.
- You can invest a minimum of Rs 100000 in this policy and you can invest as much as you want.
- Minimum maturity age limit will be 18 years and maximum maturity age limit will be 75 years.
- This policy has to pay 5 years less premium than the plan term.
- Both women and men can take advantage of this scheme.
LIC Bima Ratan Policy Benefits
The facility of rider benefit is also available in Bima Ratan policy for which the policy holder has to pay the premium separately.
Death Benefits: Under LIC Bima Ratan Policy, if a policyholder dies in an accident during his policy term, then he will provide that amount to the family of the policy holder in the form of more than 125% or about 7 times the annual premium. that goes.
Survival Benefit: Under LIC Bima Ratan Yojana, the term of the scheme is fixed for 15 years, then LIC will pay 25% of the Basic Sum Assured deposited at the end of every 13th and 14th year to the policy holder. In this way, if one chooses a 20 year old candidate, he/she will be paid 25% of the principal amount at the end of 18th and 19th.
Maturity Benefit: If a policyholder does not die within the time period and survives, then he will be paid the Guaranteed Addition along with the Sum Assured. Under which a bonus of 50 will be given per 1000 from the first year to 5 years, after which ₹ 55 bonus will be given for 6 to 10 years. But for this, you have to pay your premium tax at the right time.
Settlement Option (Maturity Benefit)
| Installment | Minimum Isntallment |
|---|---|
| Monthly | 5000/- |
| Quarterly | 15,000/- |
| Semi-Annual | 25,000/- |
| Annual | 50,000 /- |
Conclusion – LIC Bima Ratan Plan
In today’s article, we told you about LIC Bima Ratan Policy in detail. This scheme has been started shortly before. Hope this will help you in taking LIC policy. If you have any question related to this scheme, then definitely tell by commenting.
Along with this you can also bookmark our website Sarkari Yojana. Thank you again for reading!
