LIC has launched its new Bima Kavach plan, specially designed for young and middle-aged individuals who want strong financial protection at a low cost. This plan focuses purely on life insurance, not investment, making it ideal for securing your family’s future. With an entry age starting from 18 years and coverage available up to 65 years, it provides flexibility for different age groups. A small premium, often promoted around ₹887 per month depending on age and terms, can offer life cover up to ₹2 crore. The plan comes with simple rules, transparent benefits, and long-term security, making it suitable for responsible earners planning ahead.
Affordable Premium With High Life Coverage
LIC Bima Kavach is designed to provide maximum life cover at a minimal premium. This makes it highly attractive for young earners who want strong protection without financial burden. The premium depends on age, policy term, and sum assured, but it remains competitive compared to other term plans. Since this is a pure protection plan, your money goes entirely toward life coverage. It ensures that even with a modest monthly payment, your family receives substantial financial support in case of an unfortunate event, helping them manage loans, daily expenses, and future goals without stress.
Wide Eligibility Age Range For More Access
One of the biggest advantages of this plan is its wide age eligibility. Anyone between 18 and 65 years can apply, which makes it suitable for students starting careers, salaried professionals, self-employed individuals, and even people nearing retirement. This flexibility allows people to secure life insurance at different life stages. Buying the plan early helps lock in lower premiums, while older applicants can still benefit from high coverage based on LIC’s underwriting rules. This inclusive age range makes the plan accessible to a large section of society.
Flexible Premium Payment Options
LIC Bima Kavach offers multiple premium payment options to suit different financial needs. Policyholders can choose single premium, limited premium payment, or regular premium modes. Payments can be made monthly, quarterly, half-yearly, or yearly, depending on convenience. This flexibility allows individuals to manage their finances without pressure. Whether you prefer paying a lump sum or spreading payments over time, the plan adapts to your income pattern. Such options make it easier to maintain the policy long term without missing payments.
Pure Protection With Clear Benefits
This plan is a pure term insurance policy, meaning it focuses only on life cover. There is no maturity benefit if the policyholder survives the policy term. However, in case of death during the policy period, the nominee receives the full sum assured. This clarity makes the plan easy to understand and trustworthy. It is ideal for those who already invest separately and want insurance only for protection. The clear structure avoids confusion and ensures your family gets timely financial support when needed most.
Simple Online And Offline Application Process
Applying for LIC Bima Kavach is simple and user-friendly. Interested individuals can apply online through LIC’s official website or offline by visiting a nearby LIC branch or agent. The process involves filling basic personal details, choosing coverage, and completing payment. Minimal documentation is required, making approval faster. After successful application, policy documents are issued digitally or physically. This smooth process saves time and encourages more people to secure life insurance without unnecessary complications.
