NEW BIMA GOLD PLAN 179 PREMIUM AND MATURITY CALCULATOR
Policy Details
Premium Payable
| Mode | Yearly | Half Yearly | Quarterly | Monthly |
|---|---|---|---|---|
| Premium (₹) | 30,193 | 15,267 | 7,719 | 2,573 |
Maturity Benefits
Basic Sum Assured
Guaranteed Additions
Total Maturity Value
Important Disclaimer
This calculator provides an estimate based on the information provided and the current terms of New Bima Gold Plan 179. The actual premium and maturity amount may vary based on specific policy conditions. This is for informational purposes only. For exact calculations and personalized advice, please consult with your LIC agent or visit the official LIC website.
What is LIC New Bima Gold Plan
LIC New Bima Gold Plan is very different type of policy under which maturity amount is pay premiums paid over the term of plan are paid back during the policy term in instalments and life insurance are not cover the during the premium time its also cover after the extended term of the plan.
Is article me hum New Bima Gold Plan 179 Premium and Maturity Calculator ka use, calculation formula, aur benefits detail me samjhenge.
How to use LIC New Bima Gold Calculator
LIC New Bima Gold Calculator is an online tool which are calculate the premium amount, payment mode, aur maturity benefits instantly or very quickly. you have to fill some required information like plan term, age, sum assured, accident rider option, aur policy start year . here we see the how to use this calculator step by step.
Step 1-
First of all you have to visit the LIC New Bima Gold plan 179 Maturity Calculator and fill the required data ,
- Select term of the plan- inter the your policy term in year (ex. 12,15,20 Year )
- Enter Age – here you place you age in between 14 to 57 year
- Enter Sum Assured – Enter the policy assured amount which you want (Rupees 500000,…)
- Accident Benefit Rider :- Here you have to select one option between Yes or No .
- Year Starting policy- Here you have to fill the year of starting your policy.
Step-2
After filling the all required data to the calculator correctly and click on button “Calculate premium” to get the result .
Step-3
Under this step policyholder have get the result , like payable premium ,Basic Sum assured , Guaranteed amount , total maturity amount .
You have to follow the all this 3 step to get proper result .
—– LIC Jeevan Saral Maturity Calculator (Plan No. 165)
——- LIC Jeevan Chhaya Maturity Calculator (Plan 103)
Formula used by LIC New Bima Gold Maturity Calculator
Here we are learn how LIC New Bima Gold Maturity Calculator formula work and how to calculate the premium , maturity etc..
Premium Calculation Formula
Yearly Premium = Sum Assured × Premium Factor Rate × Rider Factor
Premium Factor (age ke basis par):
- Age < 25 years → 0.055
- 25 ≤ Age < 35 years → 0.060386
- 35 ≤ Age < 45 years → 0.067
- Age ≥ 45 years → 0.075
Rider Factor:
- Yes → 1.05
- No → 1.00
Where:
- Premium Rate: Varies based on age and policy term
- Rider Factor: 1.05 if Accident Benefit Rider is selected, otherwise 1.00
Maturity Benefit Formula
Total Maturity = Sum Assured + (Sum Assured × 65 × Term / 1000)
Where:
- Term: Policy duration in years
- 65: Guaranteed addition per ₹1000 per year
The calculator uses the official LIC formula for New Bima Gold Plan 179:
Yearly Premium = (Sum Assured / 1000) × Premium Rate × Rider Factor
Where:
- Premium Rate varies based on:
- Policy term (12, 15, or 20 years)
- Entry age of the policyholder
- Rider Factor is 1.05 if Accident Benefit Rider is selected, otherwise 1.00
Premium Rate Calculation
The premium rates per ₹1000 of sum assured are:
For 15-year policy term (default):
- Age ≤ 20: ₹50.00
- Age 21-30: ₹55.00
- Age 31-40: ₹60.38
- Age 41-57: ₹67.00
For 12-year policy term:
- Age ≤ 20: ₹55.00
- Age 21-30: ₹60.38
- Age 31-40: ₹67.00
- Age 41-57: ₹75.00
For 20-year policy term:
- Age ≤ 20: ₹45.00
- Age 21-30: ₹50.00
- Age 31-40: ₹55.00
- Age 41-57: ₹60.38
Maturity Benefit Calculation
- Basic Sum Assured: The amount you entered
- Guaranteed Additions: 60% of Basic Sum Assured for 15-year policy term
- Total Maturity Value: Basic Sum Assured + Guaranteed Additions
Other Premium Modes
- Half Yearly Premium: 50.5% of yearly premium
- Quarterly Premium: 25.5% of yearly premium
- Monthly Premium: 8.5% of yearly premium
Example
A real life Senecio Assume Silpa Age of 32-year-old has take policy of following benefits.
- Policy Term: 15 years
- Sum Assured: ₹500,000
- Accident Benefit Rider: No
Step 1: Determine Premium Rate
For age 32 and 15-year term: ₹60.386 per ₹1000
Step 2: Calculate Yearly Premium
Premium = (500,000 / 1000) × 60.386 = 500 × 60.386 = ₹30,193
Step 3: Calculate Other Premiums
- Half Yearly: 30,193 × 0.505 = ₹15,267
- Quarterly: 30,193 × 0.255 = ₹7,719
- Monthly: 30,193 × 0.085 = ₹2,573
Step 4: Calculate Maturity Benefits
Guaranteed Additions = (500,000 × 65 × 15) / 1000
= (32,500,000) / 1000 = ₹487,500
Total Maturity = 500,000 + 487,500 = ₹987,500
Premium Rate Table
| Age Group | 12 Years | 15 Years | 20 Years |
|---|---|---|---|
| Up to 20 years | ₹55.00 | ₹50.00 | ₹45.00 |
| 21-30 years | ₹60.38 | ₹55.00 | ₹50.00 |
| 31-40 years | ₹67.00 | ₹60.38 | ₹55.00 |
| 41-57 years | ₹75.00 | ₹67.00 | ₹60.38 |
LIC New Bima Gold Plan179 Detail
| Feature / Detail | Description |
|---|---|
| Plan Name | LIC New Bima Gold Plan |
| Table & Term | Table No. 179 |
| Plan Type | Money Back with Life Cover |
| Policy Term Options | 12, 15, or 20 years |
| Premium Paying Term | Equal to Policy Term |
| Eligibility – Minimum Entry Age | 14 years (completed) |
| Eligibility – Maximum Entry Age | 57 years (varies with term) |
| Maximum Maturity Age | 75 years |
| Minimum Sum Assured | ₹50,000 |
| Maximum Sum Assured | No upper limit (subject to underwriting) |
| Premium Payment Modes | Yearly, Half-Yearly, Quarterly, Monthly (ECS/NACH) |
| Survival Benefits | – For 12-year term: 15% of Sum Assured after 4th & 8th year |
What is LIC New Bima Gold Plan ?
LIC New Bima Gold Plan is an very unique policy which are provided the saving with insurance benefit .this plan has a special feature to get the some amount in between premium payment term remaining amount are get at time of maturity .
What is Minimum and maximum policy term of LIC New Bima Gold Plan ?
Minimum and maximum policy term of LIC New Bima Gold Plan is 12 to 20 year .
What is Minimum and maximum policy age of LIC New Bima Gold Plan ?
Minimum entry age 14 years (completed) aur maximum 57 years hai (term ke hisab se vary karta hai).
How we get survival benefit on LIC New Bima Gold Plan ?
12-year term: 15% of Sum Assured at 4th & 8th year.
15-year term: 15% of Sum Assured at 5th & 10th year.
20-year term: 20% of Sum Assured at 5th, 10th & 15th year.
