What is Bima Vistaar? Everything We Need to Know

Bima Vistaar is an insurance product presented by Life Insurance Corporation of India (LIC), one of the nation’s biggest and most confided-in insurance providers.

Intended to take care of the different requirements of people, Bima Vistaar is a single premium, non-linked, non-participating life insurance plan that joins the components of insurance and reserve funds.

Here are all the details of Bima Vistaar, its features, benefits, and how it can be a valuable addition to your financial portfolio.

Key Features of Bima Vistaar:

1. Single Premium Payment: Bima Vistaar expects you to make a one-time, lump-sum premium payment. This component requests the individuals who don’t really want to focus on regular premium payments.

2. Policy Term Options: The policy offers adaptable approach term choices, allowing you to pick a term that lines up with your financial goals and necessities.

3. Death Benefit: On the sad occasion of the policyholder’s end during the policy term, the candidate gets the Total Guaranteed, which is a pre-decided sum determined at the beginning of the arrangement. This fills in as a financial safety net for your friends and family.

4. Maturity Benefit: In the event that the policyholder endures the policy term, Bima Vistaar gives a development benefit equivalent to the Aggregate guarantee. This development advantage can be a significant resource for helping different financial needs or goals.

5. High Sum Assured Rebate: The policy offers a high total guaranteed refund, and that implies you might get a markdown on the premium on the off chance that you decide on a bigger aggregate guaranteed.

6. Loan Facility: Bima Vistaar gives a credit office against the strategy’s acquiescence esteem, giving you admittance to assets in the midst of hardship.

7. Surrender Value: After the policy secures an acquiescence esteem, you have the choice to give up it and get a money esteem. However, it’s vital to take note that giving up the policy rashly may result in a diminished payout.

Benefits of Bima Vistaar:

1. Financial Security: Bima Vistaar guarantees that your friends and family are financially protected if there should arise an occurrence of your inopportune downfall. The passing advantage can assist them with meeting quick costs and keeping up with their quality of life.

2. Savings Accumulation: This policy offers a development benefit, which can be utilized to meet long-haul financial goals like purchasing a home, financing your kid’s schooling, or arranging an agreeable retirement.

3. Tax Benefits: Premiums paid for Bima Vistaar are qualified for tax cuts under Segment 80C of the Income Tax Act. Moreover, the development or demise benefits are by and large tax-free under Segment 10(10D) of the Income Tax Act, subject to conditions.

How to Obtain Bima Vistaar:

It is moderately clear to Get a Bima Vistar strategy:

1. Contact LIC Agent: Contact an authorized LIC specialist who can direct you through the application cycle and give data custom-fitted to your necessities.

2. Documentation: You’ll have to finish up an application structure, give important reports, for example, character and address confirmation, and complete the medical endorsing process, whenever required.

3. Premium Payment: Make a lump-sum premium payment, and your policy will be given once the payment is handled.


Bima Vistaar is a flexible life insurance item presented by LIC, joining the advantages of insurance and reserve funds.

It offers financial security to your friends and family if there should arise an occurrence of your destruction and assists you with accomplishing long-haul financial goals.

Prior to buying any insurance contract, it’s prudent to painstakingly peruse the contract record, grasp the agreements, and talk with a financial counsel to guarantee that it lines up with your financial arranging goals.

Bima Vistaar can be a significant expansion to your financial portfolio, furnishing you with true serenity and a way towards a solid financial future.

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