LIC Bachat Plus (Plan 861, UIN 512N340V01) was a participating endowment plan sold from 15 March 2021 to 1 April 2022. You paid either one single premium or yearly premiums for 5 years, for a 10 to 25-year term. Maturity is the sum assured plus a loyalty addition. For ₹5 lakh over 15 years, a 30-year-old man's single premium is about ₹2,81,500.
Bachat Plus 861 Premium & Maturity Calculator
Your estimate
- Loyalty addition (estimate)
- ₹75,000
- Sum assured on deathplus loyalty addition if death is after 5 years
- ₹3,80,000
- Age at maturity
- 45 years
- Single premium₹2,81,50049%
- Net gain₹2,93,50051%
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Bachat Plus Plan 861?
LIC Bachat Plus (Plan 861) was a savings plan that LIC offered for a short window: from 15 March 2021 to 1 April 2022 (UIN 512N340V01). Its selling point was flexibility in how you pay. You could put in one single premium, or spread it over five yearly premiums, and keep the cover and savings running for 10 to 25 years.
It is a participating plan, so on top of the basic sum assured you may receive a loyalty addition, declared by LIC at maturity. If you hold a Bachat Plus policy, the calculator above estimates what you paid and what you may receive.
Bachat Plus 861 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 861 / 512N340V01 |
| Plan type | Non-linked, participating endowment |
| Sold | 15 Mar 2021 to 1 Apr 2022 |
| Premium options | Single premium, or limited premium for 5 years |
| Policy term | 10 to 25 years |
| Entry age | 90 days to 44–70 years, depending on option |
| Maturity age | 18 to 80 years |
| Minimum sum assured | ₹1,00,000 (no upper limit) |
| Maturity benefit | Basic sum assured + loyalty addition |
| Loan | Up to 90% of surrender value |
| Free look | 15 days (30 days if bought online) |
Death benefit options
| Premium type | Option I | Option II |
|---|---|---|
| Single premium | 1.25 × tabular single premium | 10 × tabular single premium |
| Limited (5 years) | Higher of 7 × annualised premium or sum assured | Higher of 10 × annualised premium or sum assured |
Option II gives much higher life cover, especially for single premium, and the maximum entry age differed by option. Death within the first five years pays the sum assured on death; after that, the loyalty addition is added.
How the premium is calculated
Bachat Plus uses a rate chart by gender, age band and term:
- Single premium is a rate per ₹1,000 of sum assured, less a large-cover discount: ₹25 to ₹50 per ₹1,000 for terms up to 20 years and ₹35 to ₹60 for longer terms, depending on whether the cover is ₹2 lakh, ₹5 lakh or ₹10 lakh and above.
- Limited premium is a yearly rate per ₹1 lakh of sum assured, paid for five years.
Our calculator uses one rate chart for both death benefit options, so treat the Option II premium as a lower estimate. No GST is added: individual life premiums are GST-exempt from 22 September 2025. Policies bought in 2021–22 paid 4.5% GST on the single premium, which would have taken ₹2,81,500 to ₹2,94,168.
Worked example. A 30-year-old man chooses ₹5 lakh for 15 years.
- Single premium, Option I: ₹2,81,500 paid once. Sum assured on death is ₹3,80,000.
- Limited premium, Option I: ₹64,700 a year for 5 years (₹3,23,500 in total). Sum assured on death is ₹5,00,000.
Either way, maturity is ₹5,00,000 plus the loyalty addition. With an assumed ₹10 per ₹1,000 per year, that is ₹75,000, for a maturity of ₹5,75,000.
For a larger cover: a 35-year-old woman choosing ₹10 lakh over 10 years with single premium Option II pays about ₹8,39,500. Her life cover is about ₹88,95,000, and the maturity estimate is ₹11,00,000.
Tip: over short terms, a single premium buys very little growth. The same ₹10 lakh cover costs about ₹8.45 lakh for 10 years but only about ₹3.43 lakh for 25 years at age 30.
Maturity benefit
On survival to the end of the term, LIC pays the basic sum assured plus the loyalty addition, if declared. The loyalty addition is the plan’s only bonus and is not guaranteed.
Loan, surrender and revival
Loans of up to 90% of the surrender value are allowed once the policy acquires one. A policy that lapses under the limited option can be revived within five years of the first unpaid premium. See our surrender value calculator for how early exit values are worked out.
Tax benefits
Premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime). Maturity is tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) only if the premium in any year does not exceed 10% of the sum assured. Single premium Option I policies usually fail this test, so the gain on maturity may be taxable. Death claims are always exempt.
How Bachat Plus compares
Bachat Plus sat between two familiar products. Against Single Premium Endowment Plan 917, it added the 5-year payment option and a choice of death cover. Against regular endowment plans, it asked for money up front and paid only a loyalty addition rather than yearly bonuses. For today’s options, try the LIC endowment plan calculator.
How to use this calculator
- Pick the premium type and death benefit option.
- Choose gender, age and policy term.
- Enter the basic sum assured.
- Set the loyalty addition assumption (0 for guaranteed only).
- Read the premium, maturity value and death benefit. All figures are estimates.
Frequently asked questions
What is LIC Bachat Plus Plan 861?
It is a non-linked, participating savings plan with life cover. You pay either a single premium or five yearly premiums. At maturity you get the basic sum assured plus any loyalty addition LIC declares. Each premium type has two death benefit options.
Is LIC Bachat Plus 861 still available?
No. The plan was launched on 15 March 2021 as a limited-period offer and was withdrawn on 1 April 2022. Existing policies continue with their benefits. For a single-premium savings plan today, look at LIC's current single premium endowment plan.
What are the death benefit options in Bachat Plus?
Single premium: Option I pays 1.25 times the tabular single premium and Option II pays 10 times it. Limited premium: Option I pays the higher of 7 times the annualised premium or the basic sum assured, and Option II the higher of 10 times the annualised premium or the sum assured.
How much is the Bachat Plus 861 single premium?
Our estimate for a 30-year-old man choosing ₹5 lakh over 15 years is ₹2,81,500 as a single premium. The 5-year limited option costs ₹64,700 a year instead, or ₹3,23,500 in total. For ₹10 lakh over 25 years, the single premium is about ₹3,43,000.
Is the loyalty addition in Bachat Plus guaranteed?
No. Bachat Plus is a participating plan, and the loyalty addition depends on LIC's experience. It is paid at maturity, and on death after the fifth policy year. The calculator lets you set it to 0 to see the guaranteed amount only.
Can I take a loan against Bachat Plus 861?
Yes. Once the policy has acquired a surrender value, you can borrow up to 90% of it for an in-force policy. Interest is charged on the loan, and any unpaid loan and interest are deducted from the claim or maturity amount.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.