Bima Account I_805

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    LICs

    BIMA ACCOUNT - I

    TABLE NO.805

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    Maturity Benefit

    Amount in Policyholders Account.

    Death Benefit

    (i) Sum Assured and(ii) Amount in Policyholders Account.

    LICS BIMA ACCOUNT- I (Plan 805)

    Benefits

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    LICS BIMA ACCOUNT- I (Plan 805)Benefits

    Guaranteed Interest:

    Guaranteed interest of 6% per annum isdeclared on amount in PolicyholdersAccount throughout the term.

    Additional Interest :

    Additional Interest may be declared on thePolicy holders Regular Premium Accountbased on the Corporation's experience.

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    LICS BIMA ACCOUNT- I (Plan 805)

    Benefits

    Loan : Available after completion of 1 year.

    Loan amount can be to the extent of60% of the amount in Policyholders fund.

    Surrender: Full amount in Policyholders fundafter the 3rd Policy year.

    Top-up premium: Allowed

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    10xAP14xAP20xAP

    46 - 50

    years

    36-45

    years

    Upto 35

    years10 x AP

    In Multiples of

    Annualised

    Premium

    Sum-Assured

    Total of regular premiums

    paid1000Top-up premium

    1100600Monthly (ECS)

    35002000Quarterly70004000Half yearly

    140007000YearlyPremium

    7 years5 yearsTerm

    57 years18 yearsMaturity

    50 years11 yearsEntry

    Age

    MaximumMinimumEligibility Conditions

    LICs BIMA ACCOUNT I ( PLAN NO. 805)

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    89240Maturity Benefit assuming Gross Interest

    Rate of 10%

    78938Maturity Benefit at Interest Rate of 6%

    30 yearsAge7 yearsPolicy Term

    100000Sum Assured

    10000/- YearlyPremium / Mode

    LICs BIMA ACCOUNT-I (Plan No. 805)

    Benefit Illustration for Maturity Value

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    LICS BIMA ACCOUNT- I (Plan 805)

    Loan

    Loan shall be granted on completion of

    one policy year.

    Loan is available to the extent of 60% ofthe amount in the PolicyholdersAccount.

    The minimum amount of loan is 1000/-.

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    LICS BIMA ACCOUNT- I (Plan 805)

    Surrender

    When a policy is surrendered after the 3rd policy

    anniversary, full amount in the PolicyholdersAccount is paid.

    If a policyholder surrenders the policy before the3rd policy anniversary the balance amount inthe Policyholders Account as on the date ofSurrender is due. The amount shall be paid on

    completion of the third policy year. During thelock-in period no charges shall be deducted andno interest shall be paid.

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    LICS BIMA ACCOUNT- I (Plan 805)

    Additional Features

    Days of Grace: 30 days from the date of First unpaidpremium (FUP) for all modes of premium

    payment.

    Revival: Within 12 months of First Unpaid Premium (FUP).

    Paid-up Value: When premiums are not paid within thedays of grace, the policy becomes paid-up

    and the amount in Policyholders Account

    shall earn interest at the rate of 5% p.a. The

    guaranteed Interest of 6% shall be restored

    from the date of revival.

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    In case of request for alteration Rs.50/-Alteration

    Charges

    As applicable. Current Rate 10.30%Service Tax

    3.891.851.390.56

    Age 45Age 36Age 24Age 11Mortality

    2.5%5%7.5%27.5%

    Top-upThereafter2nd

    & 3rd

    Year1

    st

    YearExpense

    Charges

    LICs BIMA ACCOUNT I (PLAN NO. 805 )

    Charges

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    Policyholders Account :Policyholders Regular

    Premium Account Plus Policyholders Top-upPremium Account.

    Policyholders Regular Premium Account The net ofregular premiums paid plus guaranteed andadditional interest thereon.

    Policyholders Top-up Premium Account The net ofTop-up Premiums paid plus guaranteed interestthereon.

    LICS BIMA ACCOUNT- I (Plan 805)

    Terms Explained

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    LICS BIMA ACCOUNT- I (Plan 805)

    Terms Explained

    Compulsory Termination

    Applicable when premiums are paid for lessthan 2 years and the policy is not revived

    during the revival period.

    If loan has been availed and the

    Policyholders Account is less than or equalto the loan plus loan interest amount.

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    LICS BIMA ACCOUNT- I (Plan 805)

    When and WhyAn ideal Gift for your 11 year old. On turning 18 the

    Maturity Value shall be available for investment in

    providing for good education.

    Excellent saving and security instrument, if you are 50years old.

    Fulfill any commitments towards your family arisingwithin 5 to 7 years.

    For any one aged between 11 to 50 years Nomedical required.

    When you need regular short term saving for aperiod of 5 to 7 years.

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    LICS BIMA ACCOUNT- I (Plan 805)

    When and WhyBecause the small cash flow that you receive

    from time to time can be pooled under oneaccount through top-up premiums.

    Because a hassle free loan can be availed.

    No Surrender Charges after 3 years and fullamount in policyholders account shall be paid.

    Because it is LICs BIMA ACCOUNT - I