LIC Bima Kavach Plan 887 Full Details | LIC New Term Insurance Plan

Описание: LIC Bima Kavach (Plan 887) is a pure term insurance plan launched by Life Insurance Corporation of India (LIC). This plan provides high life cover at an affordable premium to financially protect your family in case of the unfortunate death of the policyholder during the policy term.

In LIC Bima Kavach, the nominee receives the full sum assured if the life assured passes away during the policy term. This amount can help the family manage daily expenses, repay loans, and achieve important financial goals even in the absence of the earning member.

Key Features of LIC Bima Kavach (Plan 887):
• Pure term insurance protection
• High sum assured options from ₹1 Crore to ₹5 Crore
• Affordable premium compared to traditional LIC plans
• Financial security for your family
• Ideal plan for young earning individuals

How much term insurance should you take?
Financial experts recommend life cover equal to 15–20 times your annual income.

Example:
Annual income ₹12 lakh → Ideal term insurance cover ₹2 crore or more.

Term insurance is one of the most important tools for financial planning. LIC Bima Kavach is designed to provide simple, affordable and reliable life protection.

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