1 / 10

BIMA BACHAT PLAN TABLE NO. 816

This plan offers various benefits such as survival benefit, maturity benefit, and death benefit. It also provides options for loan and surrender. No changes have been made to backdating, paid-up value, nomination, and assignment. Taxes, if applicable, will be borne by the policyholder.

boggse
Download Presentation

BIMA BACHAT PLAN TABLE NO. 816

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BIMA BACHAT PLAN TABLE NO. 816

  2. BASIC CONDITIONS Change from Table No. 175: Minimum SA was 20,000

  3. BENEFIT • SURVIVAL BENEFIT NO Change from Table No. 175 • MATURITY BENEFIT Single Premium Paid along with loyalty addition less Taxes and extra premiums ,if any

  4. BENEFIT • DEATH BENEFIT • First Five Years: Sum Assured Shall be Payable • After Completing 5 Years: Sum Assured and Loyalty Additions if Any Shall be Payable Change from Table No. 175: LA is Payable after 5 Years

  5. REBATE Change from Table No. 175: High SA is based on Term and SA Rebate

  6. LOAN OPTION Change from Table No. 175: After First Premium Paid • Availableafter Completion of 1 Policy Year • Loan can be granted up to 60% of Surrender Value Change from Table No. 175: Up to 90% of Surrender Value

  7. SURRENDER OPTION • Available at any time during the policy term subject to realization of the premium cheque • No Loyalty Addition Shall be payable • Higher of Guaranteed Surrender Value or Special Value shall be payable Change from Table No. 175: After Completing 1 Year

  8. GSV FACTORS • 1st Year 70% & Thereafter 90% of Single Premium excluding taxes and extra premium, if any • excluding all Survival Benefits paid earlier, taxes and extra premium, if any • SPECIAL SURRENDER VALUE (SSV): Discounted value of Single Premium paid excluding taxes and extra premium, if any

  9. OTHER • SERVICE TAX • Taxes, if any, shall be applicable at the prevailing rates and borne by the POLICYHOLDERas per rules There are No additional changes are done in Back Dating, Paid-up Value, Nomination and Assignment

  10. THANK YOU

More Related