LIC New Money Back Plan (20 Years)
LIC New Money Back Plan (20 Years) is a participating, non-linked life insurance plan offering periodic survival benefits, life protection, bonus and maturity benefit.
5.0 / 5.0
Customer Rating
Money Back
Periodic survival benefits during the policy term.
Life Cover
Continuous life insurance protection throughout the policy.
Bonus
Earn Simple Reversionary Bonus and Final Additional Bonus.
Tax Benefits
Tax benefits under applicable Income Tax rules.
Key Features
- Participating Money Back Insurance Plan.
- 20-Year Policy Term.
- Survival Benefits every 5 years.
- Bonus Participation.
- Loan Facility Available.
- Optional Rider Benefits.
Eligibility
| Entry Age | 13 to 50 Years |
|---|---|
| Policy Term | 20 Years |
| Premium Paying Term | 20 Years |
| Minimum Sum Assured | ₹1,00,000 |
Benefits
Survival Benefit
20% of the Basic Sum Assured is payable at the end of the 5th, 10th and 15th policy years.
Maturity Benefit
Remaining 40% of Basic Sum Assured together with vested bonuses and Final Additional Bonus is payable on maturity.
Calculate Your Premium & Maturity
Use our online Premium Calculator and Maturity Calculator to estimate premium, survival benefits and maturity.
Premium Calculator Maturity Calculator Get Free Consultation