Plan 948 Actuarion Engine 2026

LIC Bima Bachat (Plan 948) Single Premium & Returns Calculator

Model LIC's single-premium participating money-back plan. Pay once to receive regular survival money-back benefits and loyalty additions.

Single Premium: One-time payment provides cover for the entire term

Regular Survival Money-Back benefits paid every 3 years

Loyalty Additions paid on maturity along with single premium refund

High liquidity via instant policy loans

Tax benefits under Sections 80C and 10(10D)

LIC Bima Bachat Inputs

LIC Bima Bachat (Plan 948) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹2,00,000

2. Age of Proposer/Insured (Years)30 Years Old

3. Policy Coverage Term (Years)12 Years

Premium Payment Frequency

Plan 948

Estimated Maturity Returns

₹3,10,800

Estimated returns payout at policy maturity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

$Single Premium:₹1,56,750

Total Estimated Premiums Paid:₹1,56,750

Basic Sum Assured:₹2,00,000

Accumulated Endowment Bonuses:₹1,00,800

Estimated Net Maturity Benefit:₹3,10,800

Returns Performance1.98x Return

Guide to LIC Bima Bachat Plan (Plan 948)

LIC's Bima Bachat (Plan 948) is a non-linked, participating, single-premium life insurance money-back plan. It is designed for individuals who want to invest a lump sum once and receive regular payouts at fixed intervals. In addition to financial cash flows, the plan offers life cover, loyalty additions, and high liquidity through policy loans.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	15 Years (Completed)
Maximum Entry Age	50 Years (Term 9), 66 Years (Term 15)
Minimum Sum Assured	₹20,000 (Term 9), ₹35,000 (Term 12), ₹50,000 (Term 15)
Maximum Sum Assured	No Limit
Policy Terms Available	9, 12, or 15 Years
Premium Payment Mode	Single Premium (Lump sum) only

Tax Benefits & Payout Options

The single premium qualifies for tax deductions under Section 80C. The periodic money-back payouts and final maturity values are tax-free under Section 10(10D).

Frequently Asked Questions (FAQs)

What survival benefits are paid under Bima Bachat?

For a 9-year term, 15% of SA is paid at the end of 3 and 6 years. For a 12-year term, 15% is paid at the end of 3, 6, and 9 years. For a 15-year term, 15% is paid at the end of 3, 6, 9, and 12 years.

What is paid on maturity under Plan 948?

On surviving the term, the policyholder receives the full single premium paid (excluding taxes and rider premiums) along with accumulated Loyalty Additions.

How much loan can I get against Bima Bachat?

You can get a loan of up to 90% of the surrender value of the policy after 1 year.

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