Summary of LIC New Money Back Plan – 25 Years – Table no 821
LIC New Money Back Plan – 20 Years is a non-linked life insurance policy which offers guaranteed returns and bonus. Premium in this plan needs to be paid for a period of 20 years while the policy continues for 25 years. Policy can be taken by anyone between 13 to 45 years of age for a fixed tenure of 25 years.
|Launch Date||Table Number||Product Type||Bonus||UIN|
|9th October, 2013||821||Money Back||Yes||512N278V01|
15% of the Sum Assured is paid to the Life Insured on survival at the end of every 5 years and the remaining 40% of the Sum Assured along with Vested Simple Reversionary Bonus + Final Addition Bonus would be paid to the Life Insured on survival till the end of the Policy Tenure as Maturity Benefit.
Key Features of LIC New Money Back Plan 25 Years
Money Back Plan for a tenure of 20 years
- 15% of Sum Assured is paid at the end of 5th, 10th, 15th & 20th Year as Survival Benefit.
- 40% of Sum Assured along with Simple Reversionary Bonus and Final Addition Bonus is payable on maturity
- LIC’s Accidental Death and Disability Benefit Rider is available as an option