On Diamond Jubilee year of LIC, Bima Diamond plan is introduced by LIC proud of being 60 Years of Service and Trust. It is money back insurance plan which offers survival benefit every after 4 years with lump sum guaranteed payment at the end of term. Policy can be availed with duration of 16 Years, 20 Years and 24 years and can be taken any person between the age group of 14 years to 50 years. Maximum Sum Assured available is Rs. 500000 only.

Minimum | Maximum | |
---|---|---|

Age at entry | 14 Years completed age | 50 Years nearest birthday for policy term 16 Years |

45 Years nearest birthday for policy term 20 Years | ||

41 Years nearest birthday for policy term 24 Years | ||

Term and PPT | 16/10 20/12 24/15 | |

Maturity Age | 30 Years | 65 Years, if Term is 20 and 24 Years |

66 Years, if Term is 16 Years | ||

Sum Assured | ₹ 1,00,000/- | ₹ 5,00,000/- |

Mode of Payment | Yearly, Half Yearly, Quarterly, SSS, Monthly (ECS) |

Sum Assured shall be available in multiples of ₹ 20,000/-

Minimum Entry Age : 18 Years completed

Maximum Entry Age : 50 Years nearest birthday

Maximum Maturity Age : 65 Years nearest birthday for policy term 20 and 24 Years, 66 Years nearest birthday for policy term 16 Years

Minimum Sum Assured : ₹ 20,000/-

Maximum Sum Assured : ₹ 100 Lakh to not exceed to the Sum Assured under the basic plan

Sum Assured shall be in multiples of ₹ 20,000/-

Minimum Entry Age : | 18 Years completed |

Maximum Entry Age : | 50 Years nearest birthday for Policy Term 16 Years |

45 Years nearest birthday for Policy Term 20 Years | |

41 Years nearest birthday for Policy Term 24 Years | |

Minimum Sum Assured : | ₹ 1,00,000/- |

Maximum Sum Assured : | ₹ 25 Lakh to not exceed to the Sum Assured under the basic plan |

Sum Assured shall be in multiples of ₹ 20,000/- |

Policy Year | 16 Years | 20 Years | 24 Years |
---|---|---|---|

4th Year | 15 % of Basic Sum Assured | 15 % of Basic Sum Assured | 12 % of Basic Sum Assured |

8th Year | 15 % of Basic Sum Assured | 15 % of Basic Sum Assured | 12 % of Basic Sum Assured |

12th Year | 15 % of Basic Sum Assured | 15 % of Basic Sum Assured | 12 % of Basic Sum Assured |

16th Year | 55 % of Basic Sum Assured along with Loyalty Additions, if Any | 15 % of Basic Sum Assured | 12 % of Basic Sum Assured |

20th Year | 40 % of Basic Sum Assured along with Loyalty Additions, if Any | 12 % of Basic Sum Assured | |

24th Year | 40 % of Basic Sum Assured along with Loyalty Additions, if Any |