Key Features of LIC New Bima Kiran

• Death Benefit: Basic Sum Assured along with applicable Loyalty Additions, if any.
• Maturity Benefit: Refund of total premiums paid, including Accident Benefit premiums wherever applicable.
• Loyalty Additions: Eligible policies may receive Loyalty Additions from the 5th policy year onwards.
• Extended Risk Cover: Life cover can continue for an extended period after maturity, depending on the selected policy term.
• Accident Benefit: Additional protection available against accidental death and total permanent disability, subject to policy limits.
• Surrender Facility: Surrender value becomes available after completion of the minimum required premium payment period.

Introduction to LIC New Bima Kiran plan 150

LIC New Bima Kiran plan 150 is a traditional life insurance plan that combines financial protection with the benefit of premium return. The plan is designed for individuals who want insurance coverage during the policy term while also receiving their paid premiums back upon successful completion of the policy duration.

LIC New Bima Kiran

The plan offers valuable protection to the policyholder’s family in case of an unfortunate event during the policy term and rewards survival through a maturity payout consisting of premiums paid under the policy.

Unique Identification Number (UIN)

The official Unique Identification Number (UIN) assigned to LIC New Bima Kiran is 512N207V01. This identifier is used for regulatory compliance, policy administration, and product verification purposes.

Launch and Availability Status

LIC New Bima Kiran was introduced as a protection-oriented insurance product offering a combination of risk cover and premium return benefits.

• Launch Period: Introduced by LIC during the early 2020s.
• Current Status: Available as an active insurance product, subject to LIC’s prevailing product portfolio and regulatory approvals.

Customers are advised to verify the latest availability, premium rates, and policy conditions through official LIC channels before purchasing the plan.

Eligibility Criteria

Eligibility Criteria for LIC New Bima Kiran Calculator

Parameter	Details
Minimum Entry Age	35 Years
Maximum Entry Age	60 Years
Policy Term	25 Years
Premium Paying Term	25 Years
Premium Payment Modes	Yearly, Half-Yearly, Quarterly
Minimum Sum Assured	₹1,00,000

Highlights of LIC New Bima Kiran

• Policy Duration: Fixed term of 25 years.
• Premium Payment Period: Premiums remain payable throughout the policy term.
• Minimum Basic Sum Assured: ₹1,00,000.
• Entry Age Range: 35 years to 60 years.
• Premium Modes: Yearly, half-yearly, and quarterly options available.
• Maturity Benefit: Refund of total premiums paid, including Accident Benefit premiums where applicable.
• Death Benefit: Sum Assured along with applicable Loyalty Additions.
• Surrender Facility: Available after completion of the minimum qualifying period.
• Accident Benefit Cover: Additional protection against accidental death and total permanent disability.
• Loyalty Additions: May become payable after the initial policy years, subject to LIC declarations.
• Plan Nature: Traditional non-linked insurance plan unaffected by market fluctuations.

Benefits of LIC New Bima Kiran

Life Insurance Protection

If the life assured passes away during the policy term, the nominee becomes eligible to receive the applicable death benefit. This payout generally includes the Basic Sum Assured together with any Loyalty Additions declared under the policy.

The benefit provides financial assistance to family members and helps meet future financial obligations.

Maturity Benefit

Upon successful completion of the 25-year policy term, the policyholder receives the maturity benefit as per policy provisions.

The maturity payout generally consists of:

• Total Basic Premiums Paid.
• Accident Benefit Premiums paid under the policy, where applicable.

This feature allows policyholders to enjoy insurance protection while recovering their premium outgo at maturity.

Built-In Accident Benefit

The policy includes additional accident-related protection that may provide financial support in cases of accidental death or total permanent disability, subject to policy terms and limits.

This additional coverage enhances the overall protection offered under the plan.

Surrender Benefit

Policyholders who wish to discontinue the policy before maturity may be eligible for surrender benefits after fulfilling the minimum premium payment requirements.

The guaranteed surrender value is calculated according to LIC’s prevailing rules and policy conditions.

LIC New Bima Kiran Calculator – Purpose and Benefits

The LIC New Bima Kiran Calculator is designed to help prospective buyers and existing policyholders understand the financial aspects of the policy before making decisions.

The calculator can assist in estimating:

• Premium payable under the policy.
• Expected maturity benefit.
• Death benefit projections.
• Surrender value estimates.
• Overall policy affordability.

By providing clear projections, the calculator helps users evaluate whether the policy aligns with their long-term protection and savings objectives.

How the LIC New Bima Kiran Calculator Works

The LIC New Bima Kiran Calculator is designed to estimate premium payments, maturity benefits, and policy-related values based on the information entered by the user.

To generate estimates, the calculator generally requires the following details:

• Age of the Life Assured.
• Desired Sum Assured.
• Policy Term (fixed at 25 years).
• Premium payment frequency.

Using LIC’s premium structures and policy parameters, the calculator estimates premium outgo, maturity proceeds, and other policy benefits.

Step-by-Step Guide to Using the LIC New Bima Kiran Calculator

Step 1: Open a Trusted Calculator Platform

Visit a reliable LIC calculator portal or an insurance website that supports LIC New Bima Kiran calculations.

Step 2: Select LIC New Bima Kiran

Choose LIC New Bima Kiran from the available product list or identify the plan using its UIN.

Step 3: Enter Policy Details

Provide the required information such as:

• Age at entry.
• Basic Sum Assured.
• Policy duration.

Step 4: Select Premium Payment Mode

Choose the desired premium payment frequency such as yearly, half-yearly, or quarterly.

Step 5: Generate Results

After submitting the details, the calculator displays estimated premiums, maturity values, death benefits, and other policy-related information.

Step 6: Compare Different Scenarios

You can modify the Sum Assured or payment mode to compare different premium and benefit combinations before making a decision.

Illustrative Example

Consider the following example:

Particulars	Value
Age at Entry	35 Years
Basic Sum Assured	₹1,00,000
Policy Term	25 Years
Premium Mode	Yearly

Based on available illustrations, the annual premium may be approximately ₹1,542, subject to applicable rates and policy conditions.

The maturity benefit generally consists of the total premiums paid during the policy term together with any Loyalty Additions declared under the plan.

The policy also provides accident-related coverage subject to policy provisions.

Benefits of Using the Calculator

• Better Financial Planning: Helps estimate future premium commitments.
• Policy Comparison: Makes it easier to compare various LIC products.
• Greater Transparency: Provides a clear view of policy benefits and payouts.
• Informed Decision-Making: Allows policyholders to evaluate affordability before purchase.
• Benefit Projections: Estimates maturity values and insurance protection.

Loyalty Additions

LIC New Bima Kiran may qualify for Loyalty Additions after the policy has remained in force for the prescribed duration.

These additions are declared at LIC’s discretion and may increase:

• Maturity proceeds.
• Death claim benefits.

The amount payable depends on LIC’s experience and the policy conditions applicable at the time of claim settlement.

Surrender Value

The policy acquires surrender value after completion of the required premium payment period.

Upon surrender, the policyholder may become eligible for:

• Guaranteed Surrender Value.
• Special Surrender Value, wherever applicable.

The actual amount payable depends on the policy duration, premiums paid, and LIC’s prevailing surrender value factors.

Important Points Before Investing

• The policy requires a long-term commitment of 25 years.
• Suitable for individuals seeking insurance protection along with return of premiums.
• Loyalty Additions are not guaranteed and depend on LIC’s declarations.
• Premiums should always be verified using official LIC illustrations.
• Policyholders should carefully review eligibility conditions, surrender provisions, and benefit structures before purchasing.

Frequently Asked Questions (FAQs)

What is LIC New Bima Kiran?

LIC New Bima Kiran is a traditional life insurance plan that provides risk protection during the policy term and refunds eligible premiums upon maturity.

What is the UIN of LIC New Bima Kiran?

The Unique Identification Number (UIN) of LIC New Bima Kiran is 512N207V01.

What is the policy term under LIC New Bima Kiran?

The policy comes with a fixed term of 25 years.

What is the minimum Sum Assured available?

The minimum Basic Sum Assured under the plan is ₹1,00,000.

Does the policy provide accident coverage?

Yes, the plan includes accident-related benefits subject to LIC’s terms and conditions.

Can the policy be surrendered before maturity?

Yes, surrender is permitted after the policy acquires surrender value according to LIC rules.

What is the purpose of the LIC New Bima Kiran Calculator?

The calculator helps estimate premiums, maturity proceeds, death benefits, and other policy values for better financial planning.

Conclusion

LIC New Bima Kiran (UIN: 512N207V01) is a protection-oriented insurance plan that combines life cover with the advantage of premium refund on maturity. With its fixed 25-year term, accident benefit feature, loyalty additions, and surrender value provisions, the plan offers a balanced combination of security and savings.

Using the LIC New Bima Kiran Calculator allows policyholders to estimate premiums and benefits accurately, making it easier to evaluate the plan and align it with long-term financial objectives.

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