LIC New bima gold - excellent money back policy - Overview
In 2002 LIC announced New Bima Gold, the enhanced version of Bima Gold as a close ended plan. Now this plan is opened once again. The major advantages of this policy are
It is a money back policy.
Low premium high risk cover.
Unique extra life cover.
The only policy with the features of both extra life cover and money back.
Matuity Benefits of New Bima Gold:
New bima gold is a money back policy. The policy benefits will be returned in regular intervals. Amount will be returned to the policy holder every four years during the policy payment term. At the end of the policy payment term the total premiums paid less the money returned during the policy payment term plus the loyalty addition will be given to the policy holder. The extra premiums paid towards the rider premiums will nt be taken into account.
With new bima gold you are getting more than what you actially pay.
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