Name: LIC Micro Bachat
Brand: Life Insurance Corporation of India
Availability: InStock
Rating: 4.6 (32 reviews)

Question 1

What is LIC Micro Bachat (Plan 751)?

Accepted Answer

LIC Micro Bachat is a micro insurance plan from Life Insurance Corporation of India. Dual benefit micro plan for low-income families.

Question 2

What is the eligibility age for LIC Micro Bachat?

Accepted Answer

Entry age is between 18 and 55 years. Policy term: 5 to 15 years. Premium paying term: 5 to 15 years.

Question 3

What is the minimum sum assured for LIC Micro Bachat?

Accepted Answer

Minimum sum assured is ₹20,000. Maximum: ₹50,000.

Question 4

What are the tax benefits of LIC Micro Bachat?

Accepted Answer

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Question 5

Is LIC Micro Bachat available for NRIs?

Accepted Answer

No. LIC Micro Bachat is not currently available to NRIs.

Question 6

What happens if I stop paying premiums on LIC Micro Bachat?

Accepted Answer

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

Minimum Entry Age	18 years (completed)
Maximum Entry Age	55 years
Minimum Sum Assured	₹20,000
Maximum Sum Assured	₹50,000
Policy Term	5, 10, 15 years
Premium Paying Term	5, 10, 15 years
Bonus Type	simple reversionary
Risk Level	low
NRI Eligible	No

LIC Micro Bachat

What is LIC Micro Bachat?

Key Highlights

Benefits Explained Simply

If Something Happens to You (Death Benefit)

When the Plan Matures (Maturity Benefit)

Eligibility & Details

Tax Benefits

Who is This Plan Best For?

Frequently Asked Questions