LIC New Bima Gold is a special policy. LIC New Bima gold policy is a combination of endowment plan and money back plan with extra profit of extended benefit cover more than the premium paid term. That is why this new Bima gold is considered as LIC’s special plan. LIC New Bima Gold is non unit linked insurance policy. The premium of the LIC New Gold policy is paid for the full term of the policy. But the policy can continue even after term till the end of extended term which is actually just half of what the full term of the policy is. And it extends just after the end of the policy.