Bima Kavach – 887

LIC Bima Kavach (Plan No. 887) is a pure term insurance plan that provides high life cover at affordable premium rates. It ensures strong financial security for the family in case of the policyholder’s untimely death during the policy term, making it a simple and effective protection-focused life insurance solution.

• Pure Term Insurance Plan: Focused solely on life protection.
• High Life Cover: Provides substantial financial security to dependents.
• Affordable Premiums: Cost-effective protection for long-term needs.
• Financial Security: Death benefit payable during policy term.
• Simple & Transparent: Easy-to-understand structure with clear benefits.
• No Maturity Benefit: Designed purely for protection, not savings.
• Flexible Policy Terms: Choose coverage duration as per requirement.
• Optional Riders: Additional protection available through riders.
• Tax Benefits: Eligible for tax benefits as per prevailing income tax laws.
• Trusted LIC Backing: Assurance of Life Insurance Corporation of India.

Detailed Description

LIC Bima Kavach (Plan 887) is designed for individuals who want maximum life insurance protection at an affordable cost. As a pure term insurance plan, it focuses entirely on providing financial security to the policyholder’s family in the event of an untimely demise during the policy term.

The primary objective of Bima Kavach is to ensure that dependents are financially protected against loss of income. The death benefit received by the nominee can be used to meet essential expenses such as household needs, education costs, loan repayments, and other long-term financial obligations.

One of the key advantages of this plan is its affordability. Since there are no savings or investment components, premiums remain comparatively low while offering high coverage. This makes Bima Kavach suitable for individuals across income groups who want reliable protection without financial strain.

The plan follows a simple and transparent structure, making it easy to understand even for first-time insurance buyers. Policyholders can choose the policy term and sum assured based on their protection needs and financial responsibilities.

Optional riders can be added to enhance coverage, providing additional protection against specific risks. Tax benefits may also be available on premiums paid and benefits received, subject to prevailing income tax laws.

Backed by LIC’s strong financial foundation and trusted claim settlement record, Bima Kavach offers peace of mind and long-term assurance. It is an ideal choice for individuals seeking a straightforward, affordable, and effective life insurance plan focused purely on protection.

Overall, LIC Bima Kavach – 887 stands out as a dependable term insurance plan that delivers high life cover, affordability, and financial security, helping families stay protected against life’s uncertainties.