New Bima Gold
LIC’s New Bima Gold Summary: (Table No.179)
Gold never loses its value, just like LIC Of India‘s New Bima Gold insurance policy. LIC’s New Bima Gold (plan no.179) is a special with profit money back plan that offers 50% of the life cover during extended term even after maturity.
Features:
Auto-cover Facility: If atleast two full years’ premiums have been paid in respect of this policy, any subsequent premium be not duly paid, full death cover shall continue for a period of two years from the date of First Unpaid Premium(FUP) or till the end of policy term, whichever is earlier.
Benefits:
Survival Benefit: Payable in case of life assured surviving to the end of the specified durations provided the policy is in full force as given below:
For policy term 12 years:
15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year.
For policy term 16 years:
15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &12th policy year.
For policy term 20 years:
10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year.
On expiry of policy term:
Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus Loyalty Additions, if any, less the amount of survival benefits paid earlier.
Death Benefit:
During the policy term: Payment of an amount equal to Sum Assured under the Basic Plan on death of the Life Assured during the policy term provided the life cover is in force.
During the extended term: Payment of an amount equal to 50% of Sum Assured under the Basic Plan on death of the Life Assured during the extended term provided all the premiums under the policy have been paid.
Extended Term: The extended term shall be half of the policy term after the expiry of the policy term.
Payment of Premiums:
Regular premium can be paid either in yearly, half yearly, quarterly or monthly (ECS) installments.
Eligibility Conditions and Restrictions for LIC Of India’s New Bima Gold:
FOR BASIC PLAN:
1. Minimum age at entry: 14 years (completed)
2. Maximum age at entry: 57 years (nearest birthday) for Term 12 years
ii. Maximum age at entry: 51 years (nearest birthday) for Term 16 years
iii.Maximum age at entry: 45 years (nearest birthday) for Term 20 years
Age at expiry of extended term: Maximum 75 years (nearest birthday)
Policy Term: 12, 16 and 20 years.
Minimum Sum Assured: Rs. 50,000 /-
Maximum Sum assured: No limit
Sum Assured will be in multiples of Rs.5,000 /- only.
FOR THE ACCIDENT BENEFIT RIDER OPTION :
1. Minimum age at entry: 18 years (completed)
2. Maximum age at entry: 57 years (nearest birthday) for Term 12 years
ii.Maximum age at entry: 51 years (nearest birthday) for Term 16 years
iii.Maximum age at entry: 45 years (nearest birthday) for Term 20 years
Minimum Sum Assured: Rs. 50,000 /-
Sum Assured will be in multiples of Rs.5,000 /- only.
Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to LIC of India within 15 days.
The Unique Identification Number (UIN) for LIC Of India‘s New Bima Gold Plan is 512N236V01.
How to Apply for LIC Of India’s New Bima Gold policy?
Contact your nearest Life Insurance Corporation Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)
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Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
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Leave comments:
pse confirm when I would receive the money back on policy no 202327865
Hi,
I have lic’s new bima gold policy. Please advice me how i can see
my payments and updates on on-line? I send enquiry two times but no answer.
thanks
Tabrej Reply:
March 16th, 2010 at 11:59 am
You need to register on LIC’s official website first. Once you have your login details, you can login with your username and password to track your policy details, payment etc.
When I will pay my Son’s Abhilash Mohanty’s Policy No. 587865862
( Child care policy) and the amount for the aforesaid premium.
Please intimate me on my Email ID- mohanty_dulal@yahoo.com
Prakash Kumar Mohanty
23rd March, 2010.
I have a bhima gold policy holder.this month I am completing my 4years of 20years policy.I have received a cheque for the bonus amount Rs.20k.My question it is must to credit this cheque in my account?If i don’t have a bank a/c how can I with draw? I did not withdraw this cheaque will it be forfeited?Kindly answer please.
can you send me my police detale my policy name new bima gold police no 164347681 and my wife s police no 164347681 plz send me full detale thanks
I have a bhima gold policy taken in june 2007 .Its is a 20 years money back policy.can u please tell me when will I get my first return and also want to know if I could avaial a loan on this policy and how much could I avail.
Hi,
If new bima gold policy of Rs. 10 Lakh. of rs .29816/- paid every six months. Then what will be the maturity amount? and what are the amounts received 4th, 8th & 12th years.
I have new bima gold policy (#572012382) table no.179. I have paid 2 terms and 3rd term was on march 2010 which i did’nt pay at. pls help me how to send on line and my policy details.
Hi,
If new bima gold policy of Rs. 10 Lakh. of rs .25856/- paid every six months (started on May2008). Then what will be the maturity amount? and what are the amounts received 4th, 8th & 12th years
thanks
Phani
I am Paying Rs 5000/month in LIC 179 Gold Plan for 20 years plan.How much return i will get at the end of 4,8,12,16,20 th year.
i am pradeep kumar.i have taken bima gold money back policy
but i am paying 3940 Rs annualy so what will be the net ammout
after 20 years at maturity.
In LIC New Bima Gold Policy After 20 years completion, amount that will get will be:- Total premiums paid -Survival benefits(each 4th,8th,12th & 16th year of completion) or there is additional benefit on it also present in this policy.
Plz tell me that after 20yrs how much amount i will get if Rs.1745/- paid quarterly.
and in this after 4 years ,10% i will get of sum assured 2 lacs or the premiums which i have paid till 4 years.
after 4 years completion cheque will be directly send to my home or what.
Plz give this details as soon as possible.
i have a new bima gold table no. 179 money back police. monthely premium is rs.1156.00 sum assured rs.300000.00 what will be the maturity value after 20years
police date 28.08.2008
Please tell me which is the best suitable policy for me i need to invest 12000 per year from jan 2011 because i am just married so i need to save good amount through lic which should give me good returns in short period. please mr. Tabrez note i am looking for money back policy because i have already endowment policy .
thanks & Regards
kaleem
9901045088
hi…
my father lost his LIC policy bond by fire. He forgot that policy no also. How he get duplicate bond ? Kindly reply me urgently.
Regards,
Aswathy
I’m 22 year old and single also, I want to know about best jeevan bima plan maximum for 20 year if u have less to 20 then best for me. I want to invest yearly premium approx Rs.20000k. I hope that you will have many plan regarding my prospect.
Thanks & regard
Mr. Shashi kapoor
Thanks for approved my comment above but my question is this —–
I want to know about any bima money back plan and i hope that you will be give me your ides on all over this???
I know statise of my policy no Z05109889 NEW BIMA GOLD TABLE NO.179 .STARTING DATE 28/05/2010 ABHISHEK KUMAR YADAV .PROPOSAL NO.2734
i have taken new bima gold policy on june 2008 and paid the premium for 1 year but after that due to financial problem i was unable to pay the premium, so can you please asist me how i can re activate my policy.
Hii Sir,
I am a software engineer in an MNC. I want to take a policy of LIC. I havent taken any policy of LIC. Could you please advise me which one is best for me. I am 28 yrs old and my marriage will be held recently. Could you suggest me which one is best among Jeevan Beema Gold and Jeeven Saral.
Thanks in advance for your valuable advice.
I am 55 years old which policy is most benificial and highest tax saving
I want to take money back policy. i am @ 34years. One agent sugessted Jeevan Surabhi Table no. 106/107 /108, then i’ve choosen 106.
Meanwhile another agent said Bheema Gold Table no. 179 is best.
I can pay Rs.20,000 – 25,000 per year.
Plaese advise which is better one.
I’ve recently take similar polacy from ING Vysya & they have provided breackup for every thing i.e., yearwise muturity how much, after 3 years how much i can get, if with draw after 16years how much i can get year wise (which will cover upto 85yeears).
Can you provide breackup like above.
Mobile: 099594 55525
i am gold club mamber from lic of india iam allrady coverd about 3000000\- tharty lack if i need more suminsored from lic of india theay can giveing me more covereg or not my itr is 350000\-@per year or iam 38 year fit &fine let me no thanks
HALLO MY FRIEND,
Please help me also AS EARLY AS POSSIBLE
I have one LIC BIMA GOLD(PLAN179) Policy for 12years,S. A. is Rs.500000/- My yearly premium is Rs.58416/- And for my wife for the same polycy,same plan,& same S.A. but the premium is Rs.45750/- yearly.
1) Why the difference on premium only for age difference.
2) For 12 years I am paying total Rs 700992/- After 13 years am getting Rs 500000+LOYALTY (if any) So am thinking this is not profitable IF I DEPOSIT THIS PREMIUM AMOUNT Rs.58416/- FOR 12 YEARS IN FIXED DEPOSIT OR R.D. IN A BANK FOR A MINIMUM 8% INT (QTRLY REST) FOR 13 YEARS THE TOTAL AMOUNT WILL BECOME A VERY BIG AMOUNT. Here am paying higher amount & getting less amount only. AM GETTING EXTENDED 6 YEARS INSURANCE (IF ACCIDENTS OR DEATH HAPPENS. FOR THAT AM PAYING BIG AMOUNT Rs.200992/- +INT) AM I CORRECT OR NOT MY FRIEND.
3) For my wife am paying total Rs.549000/- On matuerity getting 500000/-+L.A. if any.Here Rs.49000/- + INT FOR THE EXTENDED TERM INSURANCE
I PAID THE MINIMUM FOR 3 INSTAMENTS(YEARLY). I AM THINKING THIS POLYCY IS A BIG LOSS. MY FRIEND IF I STOPS NOW WHAT IS THE EFFECT. HEAVY LOSS. OR WHAT I WANT TO DO PLEASE GUIDE ME URGENTLY. I HOPE, WAIT FOR YOUR REPLY THANK YOU VERY MUCH.antonjohny@yahoo.com
Dear sir,
I Have taken new bilma gold policy and premium amount is 17565/- half yearly sum assured is 1000000 with 10% return after 4,8,12,16 yrs for 20 yrs. what will be matured amount after 20 yrs.
I TRANSFER FROM RAIGARH (C.G ) TO HAJIPUR (BIHAR) POLICY NO.384178569
how much i can get if i propose samruddiplus vth 30000 single premuium
my policy is money back policy.Every bonus period (05years) bonus amount found less of actual amount.I have been regularly paid premium amount by salary deduction.Why less amount paid by LIC in bonus?
I Have taken new bilma gold policy and premium amount is 49889/- yearly sum assured is 1000000 with 10% return after 4,8,12,16 yrs for 20 yrs. what will be matured amount after 20 yrs.
I have a bhima gold policy taken in Feb’2007 .Its is a 20 years money back policy.can u please tell me when will I get my first return and also want to know if I could avaial a loan on this policy and how much could I avail.
pls tell me how much amount i will get at the end on new bima gold policy?
term: 16 years
SA: 50,000
PREMIUM: 2194 per year
new bima gold
pls tell me approximate valve.
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Life Insurance Corporation of India (LIC of India) is the largest insurance company in India. LIC of India was founded in 1956 with the merger of 200 insurance companies. Currently, LIC has Rs.9.31 trillion worth of assets. Its fully owned by Govt. of India and LIC funds about 1/4th of government expenses.
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This new bima gold lic policy is most useful/ giving full reinforcement for mind & health of an individual who serve in a firm where there is no pension provision. Its an easy investment. with this my felling here with sharing to lic of India.
with regards, BY ,PEERMOHAMED,
Nagercoil, Tamil Nadu
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