A short-term one-time investment plan from Life Insurance Corporation of India (LIC) requiring no medical examination. It offers you

• 15% each of the sum insured at the end of every 3 years from the commencement,

• Life Insurance Coverage right from day 1 till day last without any deduction towards the survival benefits paid as above, so that, financial security of your nominee is guaranteed,
  

• Return of entire single premium you have paid, should you survive the policy term you have chosen, thus ensuring no capital erosion,
  

• Loan facility to meet your emergencies that may crop up any time without affecting the benefits guaranteed under the plan in anyway after 1 year from the commencement,
  

• Maximum Liquidity so that, you can encash the plan any time after 1 year from the commencement for attractive encashment value 

• One-time Income-Tax benefit under section 80C of the Income-Tax Act
  

Open for investment by all Resident and Non-Resident Indian investors in the age group of 15-66 years.

Thousands and lakhs of LIC policyholders who have gone for this investment can vouch for this.  Press reports talk very high of the plan. 

For details about Bima Bachat  Click Here