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LIC’s
New Bima Bachatis a participating, non-linked, life assurance
savings
cum protection plan, where premium is paid in lump sum at the
outset
of the policy. It is a money-back plan which provides nancial
protection
against death during the policy term with the provision of
payment
of survival benets at specied durations during the policy
term.
In addition, on maturity, the single premium shall be returned
along
with Loyalty Addition, if any. This plan also takes care of liquidity
needs
through its loan facility.
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