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.

#### Additional Accident Benefit

By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.

#### Profit Sharing as per Valuation

As per valuation result declare by LIC, profit is being shared among all policyholder even after premium payment term in the form of loyalty addition payable at the time of maturity

#### Offers Extended Risk Cover

This plan offers 50 % of basic sum assured as extended risk cover for half of the policy term after maturity without paying any extra premium.

#### Assured Money Back Return

Plan offers you assured money back return every after 4 years. For term 16 years and 20 years, 15 % of Sum Assured and for term 24 years, 12 % of sum assured will be payable.

##### Advantage

#### Conditions

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/-

#### DAB Conditions

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/-

#### Term Assurance Rider

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/- |

#### Survival and Maturity Benefit

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 |