Bima Bachat (916) Plan is a single premium, non-linked, with profits Money Back type Plan.

Premium Payment Mode:

Single Premium


  1. 9 Years
  2. 12 years
  3. 15 Years

Minimum Entry Age:

215 Year Completed

Maximum Entry Age:

  1. Term 9 yr then 66 yr (Nearest Birthday)
  2. Term 12yr then 63 yr (Nearest Birthday)
  3. Term 15 yr then 60 yr (Nearest Birthday)

Minimum Maturity Age:

75 Year

Minimum Sum Assured:

  1. Term 9yr then 35,000
  2. Term 12yr then 50,000
  3. Term 15yr then 70,000

Maximum Sum Assured:

NO LIMIT (Depending upon Income)

Policy Benefits:

On Death:

During 1st five years policy years : Sum Assured only.

After completion of five policy years : Sum Assured + Loyalty Addition, if any.

On Survival:

  • For Policy Term of 9 years : 15% of SA, after 3rd and 6th policy year.
  • For Policy Term of 12 years : 15% of SA, after 3rd ,6th and 9th policy year.
  • For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th and 12th policy year.

At Maturity Time:

Single Premium Paid + Loyalty Additions, if any.

Surrendered Value:

The policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Guaranteed Surrender Value:

First year: 70% of the Single Premium excluding taxes and extra premium, if any.

Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.


Loan facility is available under this plan at any time after completion of one policy year.

Income Tax Benefit:

Premium paid under this plan is eligible for TAX rebate under section 80c.