LIC's New Money Back Plan 20 Years
New Money Back Plan 20 years is a non-linked with profit limited premium payment plan.
Maturity Benefit: 40% of the basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
Death Benefit: Sum Assured on death along with vested Simple Reversionary 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 the date of death.
Survival Benefits: In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
Optional Benefit: Accidental Death & Disability Benefit Rider.
Loan Available after payment of 3 full years premiums.
|Sum||1,00,000||No Limit (The Basic Sum Assured shall be in multiple of Rs. 5000/-)|
|Premium Modes||Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)|
|Yearly Premium for 1000000 Sum Assured|