⭐ Micro Bachat – 751

LIC Micro Bachat (Plan No. 751) is a specially designed micro-insurance endowment plan created to serve the financial protection needs of low-income individuals, daily wage earners, small workers, self-employed people, and families with limited savings capacity. This plan makes life insurance accessible to people who otherwise may not be able to afford regular insurance policies.

Micro Bachat combines basic life insurance protection with simple savings at a very low premium. It is ideal for first-time insurance buyers who want to secure their family’s future while gradually building a small financial corpus. The plan is easy to understand, easy to maintain, and backed by the trust of LIC.

Key Features of LIC Micro Bachat – 751

• Ultra-Low Premium: Premiums are designed to be affordable even for daily wage earners.
• Life Insurance Cover: Provides financial protection to the family in case of death.
• Savings Benefit: A guaranteed maturity amount is paid on survival.
• Endowment Structure: Combines protection and savings in one simple plan.
• Simple Eligibility: Minimal documentation and easy enrollment.
• Fixed Policy Term: Short and manageable policy durations.
• Non-Market Linked: No risk from stock market fluctuations.
• Tax Benefits: Premium under Section 80C and maturity under Section 10(10D).
• LIC Trust: Backed by India’s most reliable life insurer.

Benefits of LIC Micro Bachat

✔ Family Financial Protection: In the unfortunate event of death, the nominee receives the death benefit, helping the family manage daily expenses, debts, or emergencies.

✔ Encourages Saving Habit: Helps people who normally do not save to build a small but useful financial reserve.

✔ Affordable for Everyone: Designed for low-income households, workers, helpers, drivers, vendors, and small shop owners.

✔ Simple & Stress-Free: Easy to understand benefits with no complex calculations or market risks.

✔ Government-Friendly Structure: Supports financial inclusion and social security goals.

Examples & Calculations

Let us understand how LIC Micro Bachat – 751 works through a simple and realistic example.

• Age at Entry: 35 years
• Policy Term: 15 years
• Sum Assured: ₹2,00,000
• Premium Paying Term: 15 years
• Annual Premium (Approx): ₹2,000 – ₹2,500

Total Premium Paid:
₹2,300 × 15 years = ₹34,500 (approx)

Maturity Benefit:
On survival till maturity, the policyholder receives approximately
₹50,000 – ₹60,000 (including guaranteed benefits).

This maturity amount can be used for household needs, children’s education, medical expenses, or emergency savings.

Death Benefit Scenario:
If the policyholder dies during the policy term, the nominee receives the Sum Assured, ensuring financial support for the family.

Figures are indicative and may vary based on age and policy terms.

Who Should Buy LIC Micro Bachat?

✔ Daily wage workers and helpers

✔ Small vendors, drivers, security staff

✔ First-time insurance buyers

✔ Families with limited income but strong protection needs

Conclusion

LIC Micro Bachat – 751 is not just an insurance plan — it is a socially impactful financial safety net. With extremely low premiums, guaranteed benefits, and LIC’s trusted backing, this plan plays a crucial role in protecting vulnerable families against financial shocks.

For individuals who believe insurance is expensive or unnecessary, Micro Bachat proves that even small savings can create meaningful security. It is a simple, affordable, and responsible first step toward financial protection and savings.