New Money Back Plan 20 Years



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  • LIC's 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.


 
Eligibility Criteria
  Min. Max.
Age 13 50
Term 20 -
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
Age Term 20/15
25 73783
30 74518
35 75890
40 78291

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