LIC New Bima Gold Plan 179 Maturity Calculator

LIC New Bima Gold Plan 179 Maturity Calculator

Life Insurance
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The Life Insurance Corporation of India (LIC) offers many policies for people. LIC New Bima Gold is one of the best participating non-linked savings-cumulative-protection plans. It is a policy with a low premium payment that provides life insurance coverage and a maturity benefit which you can calculate the amount using the LIC New Bima Gold plan 179 Maturity Calculator.

This reimbursement plan pays back a portion of the ‘Sum Assured’ as ‘Survival Benefits’ at regular intervals. Before investing your hard-earned money as an investor, you have to analyze the prospective returns of every investment product. As a result, the LIC brings the LIC New Bima Gold 179 Maturity Calculator.  It helps you calculate and analyze premiums and returns in advance.

Let’s learn more about this new Bima gold plan and LIC New Bima Gold Maturity Calculator in detail below.

What is New Bima Gold Plan 179 of LIC?

LIC new Bina Gold Plan 179 is essential for people for their financial planning as it offers security during emergencies. The company offers the LIC plan 179 maturity calculator, which helps investors calculate the policy requirements. It allows the policyholders to earn income in installments along with life coverage extended beyond the policy tenure.  The company pays the entire premium of the policy, which is why it is an endowment plus money-back plan.  The LIC new bima gold 179 maturity calculator is also one of a useful tools to check the benefits of the policy before buying it.

Eligibility of LIC New Bima Gold Plan 179

The eligibility criteria of the LIC New Bima Gold Plan 179 are mentioned in the table below. You can also use it for the LIC New Bima gold 179 maturity calculator.

Minimum Age of Entry18 years completed
Maximum Age of EntryFor 12 year term – 57 years (Nearest Birthday)

16 Years term – 51 Years (Nearest Birthday)

20 years Term – 45 Years (Nearest Birthday)

 

Sum AssuredRs. 50,000 to no limit
Rebates Available 
High Sum Assured RebateMode Rebate
Less than 1,00,000 -NilYearly Mode   – 2% of tabular premium
1,00,000 – 1,95,000   – Rs. 5 per 1000 SAHalf Yearly Mode   -1% of Tabular Premium
2,00,000 and more – Rs. 7.5 per 1000 SAMonthly Mode – 5% extra on a tabular premium

Key Features of LIC New Bima Gold Plan 179

Let’s look at the key features of LIC New Bima Gold plan below:

  • This plan is a money-back with Survival Benefits paid every 4th year.
  • Premium payment periods of 12 years, 16 years, and 20 years are offered.
  • At the last of the premium-paying term, the Maturity Benefit is provided.
  • Even after maturity, extended insurance coverage equivalent to 50% of the Sum Assured will be provided equal to half of the plan’s term.
  • If two full-year premiums have been paid, auto coverage for 2 more years is available.
  • After three full-year premiums have been paid, a loan facility will be made available.                                                                                                                                  

Benefits of LIC New Bima Gold Plan 179

There is always a particular pattern that every policy follows with time. Let’s use the new Bima Gold Plan 179 maturity calculator to examine the benefit pattern of LIC’s new Bima Gold Plan 179.

Premium paying term12 years16 years20 years
4rth year15% of the Sum Assured15% of the Sum Assured10% of the Sum Assured
8th year15% of the Sum Assured15% of the Sum Assured10% of the Sum Assured
12th yearTotal premium paid + loyalty addition-survival benefits paid already.15% of the Sum Assured10% of the Sum Assured
16th year Total premium paid + loyalty addition-survival benefits paid already.10% of the Sum Assured
20th year  Total premium paid + loyalty addition-survival benefits paid already.

Also Read: LIC Jeevan Anand Plan 149 Maturity Calculator

LIC New Bima Gold Plan 179 Other Benefits

There are various other benefits of LIC New Bima Gold Plan:

1. Survival Benefits 

The LIC’s new Bima Gold Plan offers you survival benefits depending on the tenure of the policy. If you choose a 12- 12-year term plan, you get 15% of the insurance coverage. This amount is transferred at the end of the 4th and 8th years of the policy. 

Similarly, 16 16-year term plan offers you benefits at 4th, 8th, and 12th years while 12 12-year term plan offers at 4th, 8th,12th, and 16th years. 

2. Maturity Benefits 

At the end of the policy, the policyholder gets the maturity benefits that you can calculate using the LIC New Bima Gold Plan 179 Maturity calculator. You can do this by adding all the premium and loyalty additions paid during the policy tenure. The benefits are transferred to the nominee without any reduction.  You can calculate it using the New Bima gold maturity calculator.

3. Loan Benefits 

You can take loans up to certain limits to fulfill your sudden needs. It also offers you the option to surrender your policy before the tenure ends, and you will get paid premiums for at least 3 years along with guaranteed assured surrender value. 

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

As we know, One of LIC of India’s most well-liked insurance plans is New Bima Gold. New Bima Gold 179 Maturity Calculator is an online Calculator presented by LIC for the user. You can use the Online Premium and Benefit Calculator for New Bima Gold (Plan 179) to obtain a good sense of the plan’s benefits structure.

The new Bima Gold Plan 179 maturity calculator is a valuable resource for anyone purchasing an LIC policy. These calculators provide multiple benefits and assist policyholders in understanding the influence of various factors on premiums and payments. The LIC new Bima Gold Plan 179 maturity calculator is designed to help consumers choose the appropriate plan depending on their budget and other insurance requirements.

The new Bima Gold Plan 179 maturity calculator helps comprehend the plan’s advantages. The new Bima gold maturity calculator can provide information such as how much you are making a payment, the available mortality benefits, the pattern of coverage for insurance, maturity benefits, and so on. You may enter your information on the LIC New Bima Gold Maturity Calculator, such as age, sum assured, term, and so on, to receive entire plan details in a tabular style.

Using Advantages of LIC New Bima Gold Plan 179 Maturity Calculator

The LIC New Bima Gold 179 maturity calculator is a useful LIC tool that helps users estimate the benefits of the LIC New Bima Gold policy. Here are a few advantages of utilizing the lic plan 179 maturity calculator:

1. Saves Time

One of the significant advantages of utilizing the new Bima Gold Plan 179 maturity calculator is that it saves time. Calculating premiums or maturity amounts for life insurance plans is typically time-consuming, especially if done manually. A new Bima gold 179 maturity calculator, on the other hand, may provide speedy results in only a few clicks.

2. Estimation of Maturity Benefit

The new Bima Gold plan 179 maturity calculator assists you in estimating the maturity benefit you may anticipate getting after the insurance term. It calculates the LIC New Bima Gold Maturity Calculator amount by considering the total guaranteed, bonuses, and other policy-specific aspects.

3. Premium Calculation

By entering the necessary information into the calculator, you can determine the premium you must pay for the LIC New Bima Gold policy. This allows you to manage your money and comprehend the policy’s affordability.

4. Plan Comparison

The New Bima Gold Plan 179 maturity calculator compares several LIC New Bima Gold insurance alternatives. You can fill out other criteria and see how they affect the premium payments and maturity benefit. This allows you to select the plan that best meets your monetary goals and needs.

5. Customization

The LIC New Bima Gold calculator can suit your requirements and preferences. You can enter numerous parameters such as policy term, premium payment period, sum assured, and so on to create personalized results customized to your needs.

How to use LIC New Bima Gold Plan 179 Maturity Calculator?

LIC New Bima Gold plan 179 maturity calculator is one of the essential tools for the policyholders to ensure that the policy they are buying will be beneficial for them or not. It is very easy to use the LIC New Bima Gold Plan 179 Maturity calculator, The steps are mentioned below: 

1. Visit the LIC New Bima Gold Plan 179 Maturity Calculator 

Go to the official website of LIC and open the LIC new bima gold 179 maturity calculator. You can also use the LIC New Bima Gold Plan 179 Maturity Calculator on other trusted financial websites.

2. Enter Policy Details 

Here, you need to provide all the details of your policy in LIC new bima gold 179 maturity calculator, such as : 

  • Premium payment tenure – How many years are you going to pay the premiums?
  • Sum Assured – How much coverage do you want from the policy? 
  • Age- What is the current age of the policyholder? 

3. Press the Calculate Button 

Once you have entered all the essential details, you need to click on the “Calculate” button on the LIC New Bima Gold Plan 179 Maturity calculator. This will provide you with the estimated result based on your input. 

4. Review Result 

The results provided by the LIC New Bima Gold Plan Maturity Calculator include the estimated maturity benefits. It also shows you SA, bonuses, and other features that lead to total benefits. 

5. Consider Different Inputs 

There is no limit on using the LIC New Bima Gold Plan 179 Maturity calculator, so you can try using different results. You can input different policy terms, premium tenure, and Sum assured and notice how the LIC new bima gold 179 maturity calculator changes the benefits. 

6. Compare Plans 

You can Also Use the LIC New Bima Plan 179 Maturity calculator to compare the benefits offered by multiple LIC New Bima Gold Plans. This helps you to select the best-suited policy for yourself. 

LIC New Bima Gold Plan 179 Example of Benefits

Here, we will explore some examples to understand the benefits of the LIC new bima gold plan 179 maturity calculator.

Let’s take the case of a man who is 35 years old and choosing a policy of Rs. 10,00,000- and a 12-year tenure. Let’s find out the benefits he will get using the LIC new Bima gold 179 maturity calculator:

Payable Premium 1 2 3 4
ModeMonthlyQuarterlyHalf-YearlyYearly
Premium537916138319206312

However, This is the nearest estimated benefits provided by the LIC new Bima Gold 179 maturity calculator, the actual benefits will be informed to you during the policy purchase.

Conclusion

We understand that the LIC plan 179 maturity calculator can be highly beneficial whether you are a first-time buyer or have invested in LIC policies for years. Individuals can use the LIC 179 maturity calculator to calculate the premiums they will pay and the maturity amount they will receive at maturity. Utilize the LIC plan 179 maturity calculator to make educated financial decisions regarding your future investments, whether you’re considering purchasing or already have a life insurance policy.

LIC New Bima Gold Plan 179 Maturity Calculator – FAQs

Do you pay your insurance premiums monthly or annually?

Ans: Insurance premiums can be paid both annually and monthly.

Do you have to pay taxes on the payoff from your life insurance policy?

Ans: No, the life insurance policy payout is tax-free under section 10(10D) of the Income Tax Act.

What are the maturity advantages of Bima Gold 179?

Ans. The maturity benefit of the LIC New Bima Gold Maturity Calculator will equal the sum of all premiums paid to date plus the loyalty bonus. After the fourth and eighth years of the 12-year policy term, the plan pays 15% of the sum assured. One of the best ways to calculate the maturity benefits is the new Bima gold maturity calculator.

How does the LIC plan 179 maturity calculator help to compare policies?

Ans. The LIC plan 179 maturity calculator allows you to compare several LIC New Bima Gold insurance alternatives. The new Bima Gold Plan 179 calculator will enable you to manage your money and comprehend the policy’s affordability.

How is the maturity benefit computed?

Ans. Maturity benefit is computed as the sum of the [Sum Assured + Bonus Amounts] accrued over the policy period plus any [Final Addition Bonus] declared. Use the New Bima Gold Plan 179 calculator to compute the benefits of maturity.

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