LIC Money Back Plan 9980940508


LIC Money Back Plan 20 years

LIC Money Back Plan
LIC's New Money Back Plan 20 years is a non-linked participating policy which provides protection against death in addition to periodic payment on survival at specific periods during the term. As part of the policy, 20% of Sum Assured is paid as survival benefit at the end of 5, 10 and 15 years. Also, a simple reversionary bonus is payable on maturity. LIC new money back policy provides accidental death and disability benefit riders.

Key features of Money Back Plan
Money back plan is for a tenure of 20 years
Premium payment for 15 years only
20% of Sum Assured is paid at the end of 5th, 10th and 15th Year as Survival Benefit
Simple Reversionary Bonus is payable on maturity or earlier death

Eligibility Conditions and other Restrictions
Minimum Basic Sum Assured: Rs. 100,000
Maximum Basic Sum Assured: No Set Limit
Minimum Age: 13 years
Maximum Age: 50 years
Maximum Maturity Age for Life Assured: 70 years
Term: 20 years
Premium paying term: 15 years

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