Plan No. 820
- 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 |
