LIC Bachat Plus Plan 861

Life insurance corporation of India is one of the most prominent insurance companies and they have an unparalleled trust of the customers throughout the country. LIC’s Bachat Plus Plan 861 is a non-linked, participating, individual, endowment insurance plan. This LIC savings plan offers an attractive combination of savings plus protection that protects the family of the insured in case of his/her untimely demise before the maturity tenure. In the case of survival of the policyholder, a lump sum amount is paid at the time of maturity.

Read more
Benefits of LIC Plans
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
High returns market link plans
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow your wealth with LIC
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

LIC Bachat Plus Plan 861 takes care of the liquidity needs of the policyholder through a loan facility.

Here is all you need to know about LIC Bachat Plus Plan 861.

Key Features Of LIC Bachat Plus Plan

  • LIC Bachat Plus is a simple protection and savings plan
  • It is an investment plus insurance plan
  • Offers dual benefits, like
    • Amount to family in case insured passes away before maturity
    • Lump-sum amount if the insured survives the maturity period
  • The proposer has the option to pay the premium either way
    • Single premium or lump sum
    • Limited premium (in 5-years period)
  • Options to be selected very carefully as per needs and requirements of the individual
  • Premiums and benefits vary from option to option
  • The option once selected shall not be altered later
  • The plan is available both offline and online
  • Death benefits, Maturity benefits, and Loyalty additions are available under the LIC Bachat Plus

LIC Bachat Plus 861 Plan - Benefits

Death Benefit

There are 2 options available under both Single Premium and Limited Premium Payment. The proposer has to choose either of the options under “Sum Assured on Death”.

It is important to give a deep thought before selecting any option under death benefit as once chosen, it cannot be altered later.

For single-premium payment options,

Sum Assured on Death

Single-Premium

Option A

10 times of “Tabular Premium for the chosen Basic Sum Assured”

Option B

1.25 times of “Tabular Premium for the chosen Basic Sum Assured”

For regular or limited premium payment options,

Sum Assured on Death

Limited Premium

Option A

Higher of

10 X "Tabular Premium for the chosen Basic Sum Assured" + Modal loading, if any 

or

Guaranteed Sum Assured on Maturity i.e. Basic Sum Assured

Option B

Higher of

7 X "Tabular Premium for the chosen Basic Sum Assured" + Modal loading, if any 

or

Guaranteed Sum Assured on Maturity i.e. Basic Sum Assured

1. Death during the first five years of the policy

Before the risk commencement date, refund of premium to be paid without interest. The premium shall not include taxes.

After or on the date of risk commencement, “Sum Assured on Death” shall be payable.

2. Death after completion of five years of the policy

Sum Assured on Death along with loyalty additions if any shall be payable

Maturity Benefit

“Sum Assured on Maturity” along with Loyalty Additions, if any, shall be payable

  • If the insured survives till the maturity date, provided the policy is in force
  • Where “Sum Assured on Maturity” is equal to “Basic Sum Assured”

Loyalty Additions

Loyalty addition to being paid only after the completion of five years of the policy, provided all premiums are duly paid.

Basic Sum Assured shall be in multiples of amounts specified below:

Premium payment option

Sum Assured range

Sum Assured multiple

Single-Premium

Rs. 1,00,000 to Rs. 9,00,000

However, a Sum Assured of Rs 4,75,000 is not allowed.

Rs. 25,000

Above Rs. 9,00,000

Rs. 50,000

Limited Premium

Rs. 1,00,000 to Rs. 9,00,000

Rs. 25,000

Above Rs. 9,00,000

Rs. 50,000

Eligibility Conditions And Other Restrictions

Minimum basic sum assured

Rs. 1,00,000

Maximum basic sum assured

No limit

Minimum entry age

Single premium:

90 days for options A and B

Limited premium:

90 days for option A

40 years for option B

Maximum entry age

Single premium:

44 years for option A

70 years for option B

Limited premium:

60 years for option A

65 years for option B

Minimum age at maturity

18 years

Maximum age at maturity

Single premium:

65 years for option A

80 years for option B

Limited premium:

75 years for option A

80 years for option B

Policy term

Single premium:

10 to 25 years up to age 40 for option A

10 to 16 years from age 41 to age 44 for option A

10 to 25 years for option B

Limited premium:

10 to 25 years both for option A and option B

Premium payment term

Single premium or limited premium for 5 years

Sample Illustrative

  1. Single-Premium:

    The sample illustrative single premiums for Basic Sum Assured of Rs. 1 lakh for Standard lives are as under:

    Option A

    Age

    Policy Term

    10

    15

    20

    25

    10

    66510

    53780

    44460

    37395

    20

    68365

    55480

    46250

    39420

    30

    69710

    57965

    50165

    45335

    40

    78040

    73220

    76735

    93265

    Option B

    Age

    Policy Term

    10

    15

    20

    25

    10

    63635

    50275

    40825

    33810

    20

    63660

    50285

    40805

    33730

    30

    63650

    50210

    40605

    33325

    40

    63620

    49935

    39970

    32370

    50

    63580

    49430

    38900

    30585

  2. Limited Premium

    The sample illustrative for annual premiums for Basic Sum Assured of Rs. 1 lakh for Standard lives are as under:

    Option 1

    Age

    Policy Term

    10

    15

    20

    25

    10

    15925

    12815

    10585

    8935

    20

    16010

    12885

    10645

    9000

    30

    16050

    12940

    10710

    9085

    40

    16290

    13240

    11030

    9435

    50

    17240

    14335

    12180

    10495

    Option 2

    Age

    Policy Term

    10

    15

    20

    25

    40

    16040

    12965

    10900

    9435

    50

    16455

    13410

    11545

    10310


Rebates

Under Single Premium:

 Basic Sum Assured

Reduction in Tabular premium per Rs. 1000/- Basic Sum Assured

Term

10 to 20

21 to 25

Up to Rs. 1,75,000

Nil

Nil

Rs. 2, 00,000 to Rs. 4, 50,000

25

35

Rs. 5, 00,000 to Rs. 9, 50,000

45

55

Rs 10,00,000 and above

50

60

Under Limited Premium Payment:

 Basic Sum Assured

Reduction in Tabular premium per Rs. 1000/- Basic Sum Assured

Term

10 to 20

21 to 25

Up to Rs. 1, 75,000

Nil

Nil

Rs. 2, 00,000 to Rs. 4, 75,000

7

9

Rs. 5, 00,000 to Rs. 9, 50,000

9

11

Rs 10,00,000 and above

11

13

Grace Period

  1. Under Single Premium

    Not applicable

  2. Under Limited Premium

    A grace period of 30 days shall be allowed. If the premium is not paid before the expiration date of the grace period, then the policy lapses.

Documents Required

To take the policy, you need proper documents supporting your application.  Following are the documents you require:

  • Medical history
  • Address proof
  • Know your customer documents
  • Medical examination (depending on your age or the sum assured)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

LIC of India
Need guidance? Ask here
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
LIC Amritbaal

22 Feb 2024

LIC Amritbaal is a newly launched plan specially designed to
Read more
Benefits of LIC Jeevan Amar

13 Feb 2024

LIC Jeevan Amar is a term insurance policy offered by the LIC of
Read more
LIC Jeevan Azad Calculator

12 Feb 2024

LIC Jeevan Azad Calculator is an online tool that allows
Read more
LIC Index Plus

09 Feb 2024

LIC Index Plus is a new unit-linked life insurance plan
Read more
LIC Jeevan Dhara II-872

30 Jan 2024

LIC's Jeevan Dhara - II is an individual savings deferred
Read more
10 Best LIC Plans to Invest in 2024
Ever since its inception in 1956, LIC has been maintaining its stronghold in the Life Insurance domain with its
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!
The Life Insurance Corporation of India is one of the most prominent insurance companies. It has an unparalleled
Read more
How to Check the Maturity Amount of LIC Policies?
The LIC maturity value is the amount payable to the policyholder upon the completion of the policy term. LIC
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL