New Time period Plan In contrast with Digi & Tech-Time period

An in depth LIC Bima Kavach assessment with options, premiums, execs, cons, and comparability with LIC Digi Time period & LIC New Tech-Time period. Discover the most effective LIC time period plan for you.

LIC has launched its newest pure time period insurance coverage plan, Bima Kavach (Plan 887), on third December 2025. Every time LIC releases a brand new product, it creates curiosity—and rightly so. Many ask:

• How does it differ from present LIC time period plans like Digi Time period and New Tech-Time period?
• Is it price shopping for for younger professionals or high-income earners?
• Are premiums inexpensive in comparison with different LIC plans?

This complete LIC Bima Kavach Overview solutions all of those in easy, sensible language.

LIC Bima Kavach Overview: New Time period Plan In contrast with Digi & Tech-Time period

What’s LIC Bima Kavach?

LIC Bima Kavach is a pure time period insurance coverage plan:

• Gives solely loss of life profit
• No maturity payouts, bonuses, or market-linked returns
• Presents high-value protection, beginning at Rs.2 crore, with no higher restrict

Not like investment-oriented plans, Bima Kavach focuses fully on safety, making it ideally suited for people seeking to financially safe their household.

Key Options of LIC Bima Kavach

1. Excessive Minimal Sum Assured (Rs.2 Crore)

Not like different LIC time period plans (e.g., Digi Time period begins at Rs.50 lakh), Bima Kavach targets high-income earners who require vital life protection. Therefore, clearly this product will not be meant for all and just for these whose want is greater than Rs.2 Crore can look into this product.

2. Broad Entry Age (18–65 Years)

LIC permits people as much as 65 years to enter.

Tip: Shopping for time period insurance coverage at older ages will increase premium; it’s typically ideally suited for ages 25–50.

3. Loss of life Profit Choices

• Stage Sum Assured: Fastened protection all through coverage time period
• Rising Sum Assured: Protection will increase 10% per yr from yr 6 to fifteen, then stays fixed

That is helpful for these whose monetary tasks develop over time.

4. Life Stage Profit

You’ll be able to improve protection throughout:

• Marriage
• Start of first youngster
• Start of second youngster
• Shopping for a house

No medical exams required, however circumstances apply:

• Just for Stage Sum Assured
• Solely underneath common premium
• Provided that age ?40

Instance:
A Rs.2 crore coverage at age 30 might improve to Rs.4 crore over life occasions.

5. Versatile Premium Cost

• Common Pay
• Restricted Pay (5/10/15 years)
• Single Premium

6. Decrease Premiums for Girls & Non-People who smoke

Particular charges make this plan extra accessible.

7. Protection as much as 100 years!!

Do you want time period life insurance coverage protection as much as 100 years of age? NO. It appears the product is launched to compete with personal life insurers who’re providing the time period insurance coverage as much as 100 years of your age. Time period Life Insurance coverage is waste product when you flip financially unbiased or nobody is financially depending on you. Therefore, to the max shopping for as much as your 65 years of age is sufficient (which is already out there with present on-line time period plans of LICs like Digi Time period and New Tech Time period).

Particular charges make this plan extra accessible.

8. On-line & Offline Availability

Buy by way of:

• LIC ANANDA portal (digital)
• LIC brokers or branches (offline)

Comparability of LIC Bima Kavach (Plan 887) Vs LIC Digi Time period (Plan 876) Vs LIC New Tech-Time period (Plan 954)

LIC Digi Time period (Plan 876)

LIC New Tech-Time period (Plan 954)

LIC Bima Kavach (Plan 887)

• Minimal SA: Rs.2 crore | Max SA: No restrict
• Entry Age: 18–65
• Life Stage Profit for protection improve
• Max maturity age: 100 years
• Highest premium
• Finest for high-income people needing giant cowl

Premium Comparability (Illustration)

Profile: 30-year-old male, non-smoker, Rs.2 crore, 20-year time period, common premium

Commentary: Digi Time period is the most cost effective (~35% decrease than Bima Kavach), making it ideally suited for cost-conscious younger patrons.

Who Ought to Purchase LIC Bima Kavach?

• Excessive-income earners wanting minimal Rs.2 crore cowl
• People planning life-stage protection will increase
• Patrons needing protection as much as age 100 (NOT REQUIRED. It’s only a gimmick)
• Individuals snug paying barely increased premium for flexibility

In case your purpose is lowest premium – select Digi Time period.
If you need riders – select New Tech-Time period.

Fast Determination Information

FAQs — LIC Bima Kavach Overview

1) What’s LIC Bima Kavach?

A pure time period insurance coverage plan (Plan 887) providing loss of life profit solely, beginning at Rs.2 crore.

2) Is LIC Bima Kavach higher than Digi Time period?

Will depend on your want: Digi Time period is cheaper; Bima Kavach is healthier for top cowl and life-stage profit.

3) What’s the premium for Rs.2 crore cowl?

Approx. Rs.17,575 per yr for a 30-year-old male non-smoker.

4) Who can buy LIC Bima Kavach?

Excessive-income earners needing giant protection or planning life-stage protection will increase.

5) Can protection be elevated later?

Sure, by way of the Life Stage Profit throughout marriage, childbirth, or dwelling buy.

6) Most maturity age?

As much as 100 years, the longest amongst LIC time period plans.

7) On-line/offline buy out there?

Sure, by way of LIC ANANDA portal or LIC brokers/branches.

8) Does it supply maturity advantages?

No. It’s a pure safety plan.

Remaining Verdict

LIC Bima Kavach is a robust addition to LIC’s time period insurance coverage portfolio.

• It’s ideally suited for high-income earners needing minimal Rs.2 crore cowl
• Life-stage profit is a singular benefit
• Premium is increased than Digi Time period

For many younger professionals, Digi Time period stays probably the most cost-effective choice. Select a plan primarily based in your age, premium affordability, and protection wants. And bear in mind—shopping for time period insurance coverage at present secures your loved ones’s monetary future tomorrow. It appears that evidently this product is launched to compete with personal life insurers who’re providing the time period life insurance coverage for as much as 100 years of age. Therefore, as you don’t want the protection as much as 100 years of your age and premium can also be excessive on this product, simply dumping this and going with the Digi Time period is way superior.