LIC New Money Back Plan

Money Back plan_821

Benefits 

Maturity Benefits

40% of the basic sum assured along with vested simple reversionary  bonuses and final additional bonus, if any.

Death Benefit  – LIC New Money Back Plan

‘Sum Assured on Death’ along with vested simple reversionay bonuses and final additional bonus, if any. The Death benefit as defined above shall not be less than 105% of total premiums* paid as on date of death OR sum assured on Death shall be Higher of 125% of Basic Sum assured (1.25 xBSA) OR 10 times Anualised Premium (10xAP) whichever is higher

(*Premiums – excluding taxes, extra premium and premium of riders, if any)

Accident Benefit – LIC New Money Back Plan

Available through out policy term

Survival Benefit – LIC New Money Back Plan

5th Year – 15% of SA, 10th Year – 15% of SA, 15th Year – 15% of SA, 20th Year – 15%

Eligibility Conditions and Restrictions – LIC New Money Back Plan

Age at Entry – 13-45 years

Age at Maturity – Max 70 years

Policy Term – 25 years

Premium Paying Term – 20 years

Premium Mode – Yearly, Half Yearly, Quarterly, Monthly (ECS)

Basic Sum Assured – 1 lac and above(Multiple of 5000)

Loans – Available after payment of 3 full years premiums

Surrender Value – Available after payment of 3 full years premiums.

Revival – A policy may be revived within a period of 2 years from the date of first unpaid premium taxes, if any shall be applicable at the prevailing rates and borne by the policyholder as per rules.

Back Dating – Available

Assignment / Nomination – Available

 

LIC New Money Back Plan : LIC New Money Back Plan : LIC New Money Back Plan

 

 

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