916 New Bima Bachat - Vision India Insurance

It is a single premium payment money-back policy that is specially designed to meet the financial needs of those who want to invest money for a short period of time with guaranteed periodic returns. For the age group of 15 to 66 years, policies with durations of 9 years, 12 years, and 15 years are available.


One time Premium

Pay once and forget it. Enjoy premium benefits such as money back and insurance benefits for a longer period of time.


Assured Money Back

It pays out 15% of the Basic Sum Assured in Assured and Guaranteed returns every three years. You will also be reimbursed for the entire premium you paid.


Loyalty Addition as Additional Benefit

LIC will pay a loyalty addition in addition to the refund of premiums at the end of the term. This is known as a Bonus, and it is added on a yearly basis.


Plan Benefits

Loan at Concessional Rate

Tension Free Claim Settlement

  • Death Benefits
  • Survival Benefits
  • Maturity Benefits
  • Loyalty Additions


Entry Age


Policy Term


Mode of premium payment


Basic Sum Assured


Single-Premium (excluding taxes)



Minimum entry age 

15 years

Maximum entry age 

 50 years (Closer birthday) for terms 9, 12, and 15 years

Maximum maturity age 

59 years (Closer birthday) for term 9 years

62 years (Closer birthday) for term 12 years

65 years (Closer birthday) for term 15 years

Policy Term

 9, 12, and 15 years

Minimum Sum Assured

35,000 for term 9 years

50,000 for term 12 years

70,000 for term 15 years

Maximum Sum Assured

 No limit

S.A.(Sum Assured) is in multiples of rupees 5,000

Premium payment mode

 Single-Premium only


The following additional options are available under the LIC New Bima Bachat Plan:

  1. Accidental Death and Disability Benefits for Riders
  2.  New Term Assurance Rider
  3. Rider Maturity Benefits
  4. Maturity Benefit in installments over a 5-, 10-, or 15-year period rather than a lump-sum payment

Mode of Installment payment 

Minimum installment amount










Documents Required:

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