LIC’S NEW MONEY BACK PLAN-20 YEARS

LIC NEW MONEY BACK PLAN – 20 YEAR is a endowment money back plan launched on 06 JANUARY 2014.In this plan policy holder (insured) will get 20% of basic sum assured as a money back at the end of every 5 year (5th , 10th ,15th year) and balane 40% sum assured with the accrued bonus at the end of 20th year on maturity.

WHY CHOOSE THIS PLAN

Liquidity available at different stages for financial protection.

20% of basic sum assured as a money back on 5th ,10th ,15th policy year.

Accidental Death and Disability Rider available.

BENEFITS OF PLAN:

ON DEATH: If insured dies during the the policy term his/her nominee will get 125% of the basic sum assured or 10 times the annual premium (whichever is higher) + simple revisionary bonus and final addition bonus (if any).

SURVIVAL BENEFIT: During the survival period insured will get 20% of basic sum assured as a money back every 5 year of policy term (5th ,10th ,15th).

MATURITY BENEFIT: End of the policy term(20th year) insured will get 40% of basic sum assured along with vested simple revisionary bonuses and final addition bonus (if any) as a maturity benefit.

PLAN PARAMETERS:

MinimumMaximum
Sum AssuredRs. 1,00,000No Limit
Policy Term20 years
Premium Payment Term15 years
Entry Age13 years50 years
Age at Maturity33 years70 years
Payment ModesYearly, Half-Yearly, Quarterly, Monthly(ECS)

Call or e-Mail Us to Buy a Policy: 09873085969 | info@insurances24x7.com