Jeevan Bima Bachat is LICs policy where the policy holders pay the entire premium amount together after the maturity and policy outset. It is double privilege plan acting as saving cum security and protection plan. It helps the policy holders in times of death and also ensures additional loyalty payments at the end, if any. The several benefits provided by Jeevan Bima Bachat are Death benefits, Maturity benefits, Survival benefits and Loyalty additions as mentioned. Death benefits provided by this policy are for 9, 12 and 15 years respectively.