This plan helps small savers build a secure future with affordable premiums.

💰 LIC Micro Bachat Plan

LIC’s Micro Bachat Plan is a regular premium, non-linked, participating, life insurance plan specially designed for low-income individuals.
It offers protection and savings in one plan — giving your family financial security in case of death, and a lump-sum amount at maturity if you survive the term.

This plan helps small savers build a secure future with affordable premiums.

🧩 Key Features

💡 How the Plan Works (Example)

Let’s assume:

• Age: 35 years
• Policy Term: 15 years
• Sum Assured: ₹2,00,000
• Premium Paying Term: 15 years
• Approx. Yearly Premium: ₹10,000

👉 Step 1: Pay Affordable Premiums

You pay ₹10,000 per year for 15 years.

👉 Step 2: Stay Protected

During the policy term, your life is covered for ₹2,00,000.

👉 Step 3: Receive Maturity Benefit

At the end of the policy term (if you survive), you receive:

Sum Assured + Bonuses (if any)

Example (approximate):
If total bonuses = ₹60,000,
✅ Maturity = ₹2,60,000

⚖️ Death Benefit

If the policyholder passes away during the term (after risk commencement):

Death Benefit = Sum Assured on Death + Bonuses (if any)

Sum Assured on Death = Higher of:

• 10 × Annualized Premium, or
• Basic Sum Assured

👉 Minimum Death Benefit = 105% of total premiums paid (excluding taxes and extra charges).

🏦 Loan Facility

• Available after 3 years of full premium payment.
• Helps meet emergency financial needs.

🔓 Surrender Option

• Policy can be surrendered after paying 3 full years’ premiums.
• You’ll receive the Guaranteed Surrender Value or Special Surrender Value, whichever is higher.

🎁 Benefits Summary

💡 Example at a Glance

🎯 Why Choose LIC Micro Bachat Plan

✅ Affordable premiums — ideal for low and middle-income groups
✅ Combines insurance + savings
✅ Guaranteed protection with bonus benefits
✅ Loan and surrender flexibility
✅ Simple, hassle-free coverage under trusted LIC

🔔 Best Suited For:

• Individuals with limited income seeking secure savings
• Small business owners or workers wanting insurance protection
• Parents or families saving for future needs
• Those seeking tax-saving and guaranteed returns