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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
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DOB
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