LIC’s Micro Bachat
A secure and affordable life insurance–cum–savings solution designed to support financial inclusion and long-term protection for low-income and first-time policyholders.
Plan Overview
LIC’s Micro Bachat is a micro-insurance savings-oriented plan designed to provide essential life cover while encouraging regular savings habits among low-income earners.
Key Benefits
Affordable Premium Structure
Ensures long-term insurance coverage with manageable premium commitments.
Life Insurance Protection
Provides financial security to nominees in the event of policyholder’s demise.
Guaranteed Maturity Benefits
Assured payouts support future financial needs and planned goals.
Simple & Transparent Policy
Easy-to-understand structure suitable for first-time insurance buyers.
Eligibility & Policy Details
| Parameter | Details |
|---|---|
| Minimum Entry Age | 18 Years |
| Maximum Entry Age | 60 Years |
| Policy Term | 10 – 15 Years |
| Premium Payment Term | Equal to Policy Term |
Request Expert Guidance
LIC-authorized advisors can assist with eligibility verification, premium calculation, documentation support, and enrollment guidance.