Bima Kavach

What this product is

A high-cover pure term plan starting at ₹2 crore, aimed at buyers who want very large protection and the option to increase cover at major life events.

You might need this if…

• You need a very large term cover — this plan starts at ₹2 crore minimum sum assured, well above most standard term plans.
• You expect your protection needs to grow with life events, since the plan lets you bump up your cover at marriage or the birth of a child without fresh medical underwriting.
• You want the choice between a flat payout and one that automatically increases over the first 15 years.
• You want the option to add basic accident cover through a rider rather than buying a separate accident policy.

How it actually works

• Minimum sum assured is ₹2 crore with no upper limit (subject to underwriting); entry age 18–65, maturity age can go up to 100.
• Choose Option I – Level Sum Assured or Option II – Increasing Sum Assured (flat for 5 years, then +10%/year until doubling by year 15).
• Premium options include Single premium, Limited premium (5, 10, or 15 years), or Regular premium running to age 100.
• The Life Stage Option (only with Level cover, Regular premium, entry age up to 40) lets you raise your sum assured by 50% at marriage or 25% at each of your first two children's births, within limits, if requested within 6 months of the event.
• An optional Accident Benefit Rider adds a lump-sum payout on accidental death, capped at ₹1 crore in aggregate across LIC policies.
• Buying online earns a 7.5% rebate on regular/limited premiums (3% on single premium), on top of any high sum assured rebate.

Worked example

The tiers

Worth knowing before you decide

• There's no maturity benefit — the entry threshold is high (₹2 crore minimum), so this isn't meant for smaller cover needs.
• The Level vs Increasing sum assured choice is locked in at purchase and cannot be switched later.
• Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
• No policy loan is available under this plan.

Official source

⌟ Official product brochure

Learn about this category

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