Yearly, Halfly, Quarterly, Monthly(ECS)
Policy term is 20 and 25 Year and premium payment term 15 and 20 years
13year Completed and maximum entry age 45 Year Completed)
Minimum 1,00,000 to Max no limit. Maximum Accidental Death and Disability Benefit Rider up to age 70.
LIC Money Back Policy Benefits :
On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium.
Death Benefit shall not be less than 105% of total premiums paid as on date of death.
The premiums exclude taxes, extra premium and rider premiums.
On Survival :
15% of Basic SA is payable after 5th, 10th, 15th and 20th year of policy.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The policy can be surrendered for cash provided atleast two full years premiums have been paid. The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax)excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.
Loan :
Available after payment of premium of 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Do you still have questions or concerns? Want to know more about money back plans? Please contact us so we can further discuss your needs and the solutions we give.
ADDRESS:
LIC Agent Kharghar
Dnyansarathi, Plot C-2, Sector 12, Kharghar, Navi Mumbai, Maharashtra 410210
GPS : 19.0425181, 73.0623533
PHONE:
9768187224
Home » Plans » LIC Money Back Plans » LIC Money Back (921)