Insurance is the most critical component of an individual’s financial plans. It gives you financial safety in case of an unexpected loss. LIC is one of the earliest and most trusted coverage companies in India. They offer various schemes that meet the needs of different types of people. The new Bima gold plan is offered through the Life Insurance Corporation of India (LIC). The coverage allows you to earn money in installments, and at the same time, it gives you life coverage beyond the tenure of the policy. The new Bima Gold Plan 179 maturity calculator helps you to calculate the terms, tenure, repayments, coverage, etc, before buying this gold plan.

In this blog, we are going to tell you about LIC’s new Bima Gold Plan 179, its features, benefits, eligibility, the new Bima Gold Plan 179 maturity calculator, how to use it, etc.

What is LIC New Bima Gold Plan 179?

LIC new Bima Gold Plan 179 is important for people in their financial plans because it gives safety throughout emergencies. The company offers the new Bima gold plan 179 maturity calculator, which allows investors to calculate the policy needs. It lets the policyholders earn income in installments along with life insurance beyond the policy tenure. The employer can pay the top rate of the coverage, which is why it’s important to have a cash-back plan. The new Bima Gold Plan 179 maturity calculator is also certainly one beneficial gear to check the benefits of the policy earlier than buying it.

LIC New Bima Gold Plan 179 Eligibility

The following table shows you the eligibility criteria to buy the LIC New Bima Gold Plan 179.

Features of LIC New Bima Gold Plan 179

Here are some key features of the lic plan 179 maturity calculator

• Money-back benefits are paid from the 4th policy year and after each 4 years thereafter
• On maturity, loyalty additions also are introduced to the sum assured. You can use the lic new bima gold 179 maturity calculator to calculate maturity
• The new Bima Gold Plan 179 maturity calculator gives auto cover benefit wherein the coverage is maintained for two years, although the rates are not paid
• There is a non-obligatory rider which covers accidental demise and disabilities
• You can avail of a policy mortgage if you need funds after using the new Bima Gold 179 maturity calculator
• Attractive top-class reductions are offered by the new Bima Gold Plan 179 maturity calculator, which saves your hard-earned money

Advantages of LIC New Bima Gold Plan 179

Here are the unique forms of benefits that the new Bima Gold Plan 179 maturity calculator offers:

1. Survival benefits

As the plan is a money-back plan, it will pay survival benefits over the policy tenure if you are alive. The fee for the lic plan 179 maturity calculator depends on the coverage term that you choose.

There are 3 options for the coverage term, and the benefits under each are as follows:

• If the term is 12 years:

• 16 years term:

• 20 years term:

2. Maturity benefit

When your LIC plan matures, the maturity benefits are calculated by the new Bima gold plan 179 maturity calculator as ( Competitive costs paid over policy term + loyalty additions).

3. Death benefit

If the insured dies at some stage in the term of the coverage, the whole sum assured is paid to the nominee. This sum assured could not be decreased by survival benefits already paid.

4. Auto cover benefit

As per the New Bima Gold 179 maturity calculator, If you have paid the policy premiums for a minimum of two coverage years and then you are unable to pay the other costs, the insurance will not reduce.

5. Guaranteed end cost

If you need to leave the policy before the end of the tenure on lic plan 179 maturity calculator, you could end the plan. When you end the policy, you get an assured end price. However, the assured end price could be payable best if premiums of at least 3 complete policy years have been paid and if the policy has finished at least 3 years.

6. Paid-up cost

If you’ve been paid at a minimum of three complete years’ rates and future rates aren’t paid, the auto cover benefit might end up applicable, as per the LIC 179 maturity calculator. Moreover, even after the car cover time is over, the insurance cannot end.

7. Loan

You can avail of a loan under the plan in case you need it. Loans are to be had if the policy has received a paid-up value as per the new Bima Gold 179 maturity calculator. The loan could be available to different limits.

8. Revival

If your policy has lapsed and you need to restore it, you could do so by paying the exquisite premiums on the side of interest. Proof of insurability might also be required. Revivals are allowed within five years of the lapse of the policy.

What is the LIC New Bima Gold Plan 179 Maturity Calculator?

The new Bima Gold Plan 179 maturity calculator is a tool you may use to comprehend the plan’s benefit structure comprehensively. The new Bima gold maturity calculator offers unique insights into your payments, available survival benefits, coverage progression, maturity benefits, and more. Input your personal information like Age, Sum Assured, Term, and so on., and acquire a complete plan breakdown in a table form by lic the new Bima Gold 179 maturity calculator.

How To Use LIC New Bima Gold Plan 179 Maturity Calculator?

To use the new Bima Gold Plan 179 maturity calculator, you usually need to enter particular details related to the coverage, consisting of:

• Policy term: The period for which the coverage can be used.
• Premium payment term: The period through which charges need to be paid.
• Sum assured: The amount of life insurance coverage provided by LIC new bima gold maturity calculator.
• Age: The policyholder’s age at the time of buying the policy, according to the LIC new Bima gold 179 maturity calculator.

Conclusion

The Lic new bima gold 179 maturity calculator helps you to obtain normal money all through the tenure of the coverage at fixed durations. However, the policyholder receives the benefit past the tenure of the plan. Additionally, the lic new Bima gold 179 maturity calculator offers survival benefits with coverage sum assured. Before choosing any plan, you have to research well about the benefits they’re offering and the terms and conditions to make informed decisions. It is also suggested to use the new Bima gold plan 179 maturity calculator to get a better idea of it.

LIC New Bima Gold 179 Maturity Calculator – FAQs

What is Bima Gold 179?

Ans. LIC Bima Gold 179 plan gives benefits of both endowment and money-back plans. You want to pay the top class till the tenure of the policy.

What is the right age to buy a new Bima gold plan?

Ans. The minimum age to buy the Bima gold plan is 14 years, and the maximum age is 57 years.

What are the minimum and most sums assured in LIC plan 179?

Ans. The minimum sum assured is INR 50,000, and no top limit on the maximum sum assured.

Can I personalize the LIC New Bima Gold Plan to fulfill my needs?

Ans. Yes, the plan gives flexibility in deciding on the policy term, sum assured, and premium fee term. You can customize the plan after using LIC’s new bima gold maturity calculator to align together with your economic dreams, making it a tailored solution for your needs.

How can I calculate the maturity benefit under this plan?

Ans. The maturity benefit is the sum assured, with any accumulated guaranteed additions and non-assured bonuses. You can use the new Bima Gold Plan 179 maturity calculator to estimate the maturity benefit based on your preferred coverage term, sum assured, and plan term.