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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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75 comments

  1. i have applied new beema gold few years back, Some Personal need i want to Close my Plan now. can i close this and get back my money.

    S.RAMESH
    VELLORE

  2. an you send me my police detale my policy name new bima gold police no 256599841 and my 2ds police no 272829562 plz send me full detale thanks

    prikshit gujjar
    9634340433

  3. i have taken policy no 179 12yr on14 5 2007 at dehradun now im living at haldwni my dehradun land lord inform me that he got a cheqe from lic now that is over date.i also lost my policy document please tell me 1.how can i got new cheque 2. how i got new policy bond 3.can i change my address from haldwni 4. is it possibe all above can done by online thanks

  4. I WANTS LIC BEEMA GOLD POLICY FOR MY SON MASTER RISHABH GUPTA 09837265451 R/O 22,VIJAY NAGER PUNJABI GALI MEERUT (UP)

  5. I took an LIC Jeevan Bhima 4 years back for 10 lakhs for a tenure of 16 years. My premium amount was around 49000. After 4 years, I will be getting 15% of the sum assured. That would be 1,50,000/-.

    But few days back, I thought 10 lakh covergae is not enough and I went for a pure term insurance from ICICI. It had 1 crore cover for 30 years. The premium amount was around 13000 per year. I know this policy does not provide any survivor benefit. But I have an insurance coverage of 1 crore for 30 years (It was 10 lakhs for 16 years and 5 lakhs for another 8 years by LIC for a hefty premium of 49,000).

    If the rest of the money 36000 (49000-13000) is invested in a simple investment options such as PPF, which provides an interest of 8.6%, I could have saved more money than I can get from LIC. If I had paid, 36000 per year (3000 per month) in PPF, after 16 years it should be around 1230552.61/-. If I had gone for more riskier options like equity the returns wrould be much more( Can atleast expect 15% for 16 year horizon). More than that, I am getting life cover of 1 crore for 30 years from ICICI.

    I read there is LOYALTY bonus after 16 years. How do you decide what is the LOYALTY bonus? What are the factors deciding this LOYALTY bonus? I might get the loyalty bonus, or might not get. It is not assured from what I understand. If the loyatly bonus is good, then I think, I might consider going forward with this plan. Otherwise, is it even advisable to go frward with this plan? Please let me know your suggestions.

    Thanks,
    Paul

  6. SASANKA SEKHAR MANTRI

    I have taken a money back policy no. 115145666 of 20 years term on 27th may 2008. I have submitted the NEFT form. Is it updated ? And when will be the first bonus amount credited to my a/c.

  7. hi, I have one policy, I need the features for this plan. Policy No.735527827 in the name of Pushpa Latha (Spouse).

  8. TANMOY KUMAR PRADHAN

    sir, I have a money back policy no.436298338 with 20 terms from 10.03.2006.How much will get after 20 years. T.K.Pradhan.Jharsuguda, Odisha.768203.25.10.2012.Mob No.8895324751

  9. Dear sir,

    Please let me clear what is the loyalty addition LIC has declared for the last 2-3 years.(for every thousand)

  10. plz, sugget me to know the maturity amount of the following :

    Date of commencement of policy – 26/12/2007
    Premium paying term – 20
    sum assured – 1,00,000 /-
    Extended term benefit – 50,000 /-
    installment premium – Rs.313 /- monthly.
    Date of expiry for policy term – 26/12/2027

    Thanks.

  11. Dear sir,

    I am having lic beema gold policy, yearly i have to pay a premium of Rs.38400, first year i paid.Now in 2nd year i am facing financial problem hence i want to modify the premium amount around Rs.20000.Kindly help me.

  12. what is the Jeevan ankur plan

  13. want to take a new bima gold policy, premium amount of Rs. 36k/yearly, of sum assured Rs. 10 lac with 10% return after 4,8,12,16 yrs for 20 yrs. what will be matured amount after 20 yrs?
    what are the amounts i will get after 4,8,12 and 16 yrs?

  14. I have a bhima gold policy taken in June’2008 and premium amount is 1975/- quterly sum assured is 200000 with 10% return after 4,8,12,16 yrs for 20 yrs. what will be matured amount after 20 yrs.

  15. pls tell me how much amount i will get at the end on new bima gold policy?

    term/15 year
    PREMIUM: 26424 per year
    new bima gold

    pls tell me approximate valve.

    Reply

  16. In bima gold plan for 20 years, Can we pay the money through bank 3 months once?

  17. RASHEED NALILAKATH

    i am taken bima gold money back policy for 15 year, yearly this premium amount is 56848 RS i want to know what is the profit this policy, and i think may be this policy big loss?

  18. sir,
    please don’t give the incorrect information regarding bima gold policy. it gives benefit only if the policy holder dies, if the policy holder survives this policy is nothing but cheating one. there is no any guarantee for the returns. there is no bonus for this policy and the said loyalty addition also unknown. how can we believe the returns and benefits regarding this policy.

    my wife has subscribed this policy. we paid the premium for seven years, the amount rs.53000. in the fifth year lic gave rs.21000 to us. now our money rs.32000 is in lic. we wished to surrender this policy and approached the lic office, at there, the concerned officer said that the surrender value of this policy is rs.6000. do you know the value of our loss, the principle is rs.26000 plus interest for the seven years may be rs.10000, at least, whose money is this. is this good. it is nothing but cheating and fraud.

    please don’t say this policy as a good one.

    with kind regards
    sivakumar

  19. Hi

    I want to take a new bima gold policy, premium amount of Rs. 36k/yearly, of sum assured Rs. 10 lac with 10% return after 4,8,12,16 yrs for 20 yrs. what will be matured amount after 20 yrs?
    what are the amounts i will get after 4,8,12 and 16 yrs?

  20. 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.

  21. 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.

  22. B Srinivasa Reddy

    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.

  23. BHOOPENDRA KUMR PANDEY

    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?

  24. What are the benefits of NEW BIMA GOLD plan?

    What are the benefits of JEEVAN SARAL Plan?

  25. how much i can get if i propose samruddiplus vth 30000 single premuium

  26. I TRANSFER FROM RAIGARH (C.G ) TO HAJIPUR (BIHAR) POLICY NO.384178569

  27. SAROJ KUMAR TIWARI

    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.

  28. 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

    • Don’t compare Insurance with investment or any other money instruments.. Insurance has not substitude.. while investmet has.

      Continue the policy with good faith..

  29. hi, i check my nav . what should i do

  30. 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

  31. 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

  32. I am 55 years old which policy is most benificial and highest tax saving

  33. lic is the best option for taking a policy

  34. HI DEAR, I Want check my policy staytas i how to check.

  35. Praveen Srivastava

    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.

  36. 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.

  37. 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

  38. 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???

  39. 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

  40. 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

  41. 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

  42. 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

  43. 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.

  44. this site will be useful for the people who are interested in taking lic policies

  45. i want to take the policy of new bhimagold plan 179. will i get tax exemption of 100% under section 80c. please clarify.

  46. 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.

  47. Sachin Kumar Jain

    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.

  48. I am planningfor LIC policy,please give me a clear idea,what type of policy is good for tax deduction

  49. 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

  50. Dutikrushna parida

    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.

  51. pls infrom me taht when my bima gold policy bonus release.

    my policy no.960335370

  52. 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.

  53. 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.

  54. sandeep singh dhaliwal

    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

  55. If i did not encash the cheque within the specified period,it will be forfeited or this will accumulated to policy bonus next time

  56. 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.

  57. Prakash Kumar Mohanty

    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.

  58. Prakash Kumar Mohanty

    I would like to know my Bima Gold Policy No. 416852311 next premium due date and amount, please intimate me on my Email Id.

    Prakash Kumar Mohanty,
    dated 23rd march, 2010.

  59. sangeet singh randhawa

    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

    • 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.

  60. pse confirm when I would receive the money back on policy no 202327865

  61. I need application form of 179 table

  62. what is the jeevan saral plan?

  63. Thanks for your timely attention.replied soon. keep it up.
    Thank you.
    BY ,PEERMOHAMED.

  64. 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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