LIC Bima Ratna Plan (Plan 864) in Hyderabad, Telangana & Andhra Pradesh
LIC Bima Ratna Plan (Plan 864) is a participating, non-linked life insurance policy designed to provide financial protection to the policyholder's family, along with a savings component. It ensures that you and your family are financially secure during uncertain times while also allowing you to build savings for the future.
Key Features of LIC Bima Ratna Plan 864:
- Policy Term: 15, 20, or 25 years.
- Premium Payment Term: 5, 7, 10, or 12 years (depending on policy term).
- Life Cover: Protection for your family in case of your unfortunate demise.
- Bonus Facility: The policy participates in LIC’s corporation’s profit and is eligible for bonuses.
- Survival Benefits: Paid at regular intervals based on the policy term.
- Loan Facility: Loans are available after 3 full years of premium payment.
Why Choose LIC Bima Ratna Plan 864?
- Financial protection for your family, with guaranteed death benefits.
- Provides a savings corpus along with regular survival benefits.
- Ideal for people looking for a life cover with the added benefit of bonus accumulation.
- Available for policyholders in Telangana and Andhra Pradesh for customized financial security.
Eligibility Criteria:
- Minimum Age: 8 years (completed)
- Maximum Age: 60 years (age nearest birthday)
- Minimum Sum Assured: ₹1,00,000
- Policy Term: 15, 20, or 25 years
- Premium Payment Term: 5, 7, 10, or 12 years (depending on policy term)
Scenario – LIC Plan 864 in Real Life (Hyderabad Example)
Mr. Ramesh, a 40-year-old businessman from Hyderabad, chooses LIC Bima Ratna Plan 864 with ₹10 Lakhs Sum Assured for 20 years. Mr. Ramesh pays premiums for 12 years, and in the unfortunate event of his death during the policy term, his family will receive the full sum assured along with any accumulated bonuses. If Mr. Ramesh survives the policy term, he will receive his survival benefits, making this plan an excellent choice for both protection and savings.
Why is LIC Bima Ratna Plan 864 Trusted in Telangana & Andhra Pradesh?
- LIC’s reputation for reliability and financial stability.
- Customizable premiums and coverage options based on your financial goals.
- Ideal for families in Telangana and Andhra Pradesh looking for comprehensive life insurance with savings benefits.
Contact LIC Advisor – Diwakar Cherukuwada
Email: support@theinsuranceagency.in
Phone: +91 9052300600
WhatsApp: Chat on WhatsApp
Secure your future with LIC Bima Ratna Plan (Plan 864). Contact Diwakar Cherukuwada today for more information and personalized assistance.