LIC’s Micro Bachat offers affordable life insurance protection with savings benefits, helping individuals build financial security for a better future.
The essentials
LIC’s Micro Bachat is a Participating, Non-Linked, Individual Savings, Life Micro Insurance Plan designed to provide a combination of protection and savings. It provides financial support to the family in the unfortunate event of the Life Assured’s death during the policy term and a lump-sum maturity benefit if the Life Assured survives the policy term.
| Parameter | Details |
|---|---|
| Plan Type | Participating, Non-Linked, Individual Savings, Life Micro Insurance Plan |
| Plan Number | 951 |
| Maturity Benefit | Basic Sum Assured + Loyalty Addition, if any |
| Loyalty Addition | Eligible after completion of 5 policy years, subject to LIC’s declaration |
| Premium Mode | Yearly / Half-Yearly / Quarterly / Monthly (NACH) / Salary Deduction |
Take the first step today. Our IRDAI-certified advisors will guide you through the entire process — from plan selection to policy issuance.