LIC Protection Plus (ULIP) and Bima Kavach (term plan) offer market returns+massive protection. Ages 18-65 eligible, up to ₹2Cr sum assured. Perfect for family security and wealth building.
LIC Protection Plus Features
This ULIP links premiums to market funds for growth. Choose 10/15/20/25-year terms with 5/7/10/15-year premiums. Moreover, sum assured hits 5-7x annual premium. Policyholders pick funds and add top-ups. Therefore, partial withdrawals start after 5 years. Maturity pays full fund value.
| Feature | Details |
|---|---|
| Age Eligibility | 18-65 years |
| Policy Terms | 10/15/20/25 years |
| Premium Terms | 5/7/10/15 years |
| Sum Assured | 5-7x annual premium |
| Death Benefit | Sum assured + fund value |
LIC Bima Kavach Coverage
Pure term plan delivers high protection at low premiums. Coverage lasts to age 100 with level or increasing sum assured. Minimum ₹2 crore coverage. On the other hand, choose single/limited/regular premiums for 10+ years. Non-linked, no savings component – pure risk cover.
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Who Should Buy These?
Protection Plus suits market-linked savers building wealth. Bima Kavach protects families with max coverage. Meanwhile, both target 18-65 year-olds wanting security. Therefore, combine for returns + protection strategy.
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FAQ
Minimum Bima Kavach coverage?
₹2 crore sum assured – high protection at affordable premiums for families.
Protection Plus withdrawal rules?
Partial withdrawals after 5 years, full fund value at maturity.
Age limit for both plans?
18-65 entry, Bima Kavach covers till age 100.
