LIC Micro Bachat Plan Helps You in Future Financial Planning
LIC Micro Bachat plan is a non-linked, participating, Individual Life Assurance plan from LIC which offers a combination of protection and savings to the policyholder. Under the plan, you will get financial support for your family in case of your unfortunate death during the policy term and a lump sum amount at the time of maturity for if the policyholder survived. The LIC Micro Bachat Plan also provides liquidity needs through its loan facility. Read the post and know more about this life insurance plan. List of LIC Micro Bachat Plan Benefits Let’s know what you will get out from the LIC Micro Bachat Plan - What if you die during the policy term of the LIC Micro Bachat Plan ? On the death of the Life Assured during the policy term when all due premiums have been paid, in the first five years the nominee or beneficiary will get a “Sum Assured on Death”. If the life assured dies after completion of five policy years but before the date of maturity the nominee or beneficiary will ...