LIC New Money Back Plan – 20 Years

Survival payouts every 5 years plus protection and a maturity benefit.

About this plan

20 YEARS () (A Non-Linked, Participating, Limited Premium, Individual, Life Assurance Savings Plan) LIC's New Money Back Plan-20 years is A Non-Linked, Participating, Limited Premium, Individual, Life Assurance plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility. 1.

Plan chart — eligibility

Minimum Basic Sum Assured

Rs. 100,000

Maximum Basic Sum Assured

No Limit (The Basic Sum Assured shall be in multiples of Rs. 5000/-)

Minimum Age at entry

13 years (completed)

Maximum Age at entry

50 years (nearer birthday)

Maximum Maturity Age

70 years (nearer birthday) -- 1 of 11 -- Page 2 of 11

Policy Term

20 years

Premium Paying Term

15 years

LIC’s Accidental Death and Disability Benefit Rider (UIN

512B209V02) This Rider can be opted for under an in-force policy at any time within the premium paying term of the Base plan provided the outstanding premium paying term of the…

Figures are indicative and summarised from the official LIC brochure. Please refer to the PDF or contact us for exact, up-to-date terms.

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