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Home › Compare Policies › LIC Bima Kavach

LIC Bima Kavach

Life Insurance Corporation of India (LIC)

Term Life Insurance

UIN: 512N360V01 Updated: Jun 2026 Score: 76 / 100
LIC Bima Kavach Brochure 2.2 MB
LIC Bima Kavach Wording 19.2 MB

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Quick Information

Basic Details

Entry Age 18 to 65 years
Coverage Amount Not specified
Policy Term Up to 82 years
Premium Payment Up to 82 years
Claim Settlement 97.59% (FY 2025)
Claim Value Ratio 0.00%

Best For

Families needing comprehensive coverage
People who want no room rent restrictions
Those preferring cashless treatments
Individuals looking for AYUSH coverage
Senior citizens seeking reliable cover

What Works Well

Coverage available up to age 100

Increasing life cover option available

Life Stage Benefit option available

Death benefit can be received in instalments

Strong solvency ratio

Accidental death rider available

Watch Out For

Critical illness rider not available

No waiver of premium benefit

No smart exit option

Limited premium payment flexibility

No online claim tracking

No personal relationship manager

Hidden Clauses - Read Very Carefully!

These clauses are often buried in fine print. MyInsureBuddy surfaces them so you're never surprised at claim time.

Suicide exclusion applies during first 12 months
Increasing cover reaches maximum 2x of base cover
Life Stage option available only under specific eligibility conditions
No maturity benefit payable
Policy can lapse if premiums are not paid within grace period

⚡ At a Glance

Whole Life Cover Income Benefit Monthly Income Option Smoker Allowed Increasing Cover Accidental Death Rider

Death Benefit Options

•["Lump Sum"
•"Monthly Income"
•"Quarterly Income"
•"Half-Yearly Income"
•"Yearly Income"]

Premium Payment Options

•Regular Pay
•Limited Pay
•Single Pay

Premium Frequency

•Annual
•Semi-Annual

Available Riders

•LIC Accident Benefit Rider: Additional payout in case of accidental death

Features Not Available

•Critical Illness Rider Not Available
•Waiver of Premium Rider Not Available
•Personal Relationship Manager Not Available
•Online Claim Tracking Not Available
•Dedicated Toll-Free Claims Service Not Available
•Home Pickup of Claims Not Available

Claims Experience

•Claims Experience Rating: 4.4/5
•97.08% claims settled within 30 days
•Claim Settlement Ratio: 97.59%
•Claim Settlement Ratio (Value): 96.08%
•Claim Complaint Ratio: 0.05%
•Death Claim Form Complexity: Short

Customer Service Experience

•Customer Service Rating: 4.45/5
•Toll-Free Response: Slow
•X (Twitter) Response: Average
•After-Sales Complaint Ratio: 0.27%

Why Choose This Plan

•LIC brand trust and legacy
•Coverage till age 100
•Increasing life cover feature
•Life stage cover enhancement option
•Instalment payout facility
•Strong solvency position

Important Buying Suggestions

•Disclose smoking habits accurately
•Choose increasing cover if long-term inflation protection is needed
•Review Life Stage Option eligibility before purchase
•Maintain premium payments to avoid lapse
•Consider separate critical illness insurance since rider is unavailable

Age-wise Premium Breakdown

AgePremium (approx)
18-25 Years₹12,600
26-35 Years₹17,010
36-45 Years₹27,720
46-55 Years₹45,360
56-65 Years₹78,120

Premium by Cover Amount

Cover AmountPremium (approx)
₹2 Cr₹19,000
₹3 Cr₹28,000
₹5 Cr₹45,000

Official Policy PDF

Download the official IRDAI-filed brochure from Life Insurance Corporation of India (LIC).

Download (2.2 MB)

MyInsureBuddy Score

76
Good Choice
Solid option in its category
Claim Settlement 89%
Product Benefits 0%
Value for Money 78%
Flexibility 88%
Rider Strength 42%
Hidden Risk Safety 0%
Risk Level Low Risk (4/10)

Quick Actions

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