LIC Money Back 25 yrs

LIC New Money Back Plan-25 years is a participating non-linked 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.

Plan name: New Money back- 25 years

Minimum Eligible Age: 13

Maximum Eligible Age: 45

Policy term: Only 25 yrs & Premium Paying Term: 20 yrs

Benefits :

Death Benefits: Higher of 125% of Basic Sum Assured + simple Reversionary Bonus + Final additional Bonus (if any)

Maturity Benefits: 40% of Basic Sum Assured or 10 times of annualised premium + simple Reversionary Bonus + Final additional Bonus (if any) (* However, the death Benefit shall not be less than the 105% of total Premiums paid as on date of Death)

Accident & Disability Benefit: Available

Minimum Sum assured: 1,00,000

Maximum Sum Assured: No Limit (Multiple of Rs. 5000)

Mode of Premium payment: Yly, Hly, Qly, SSS & ECS

Gender Allowed: Both

Minimum age at entry for Accident benefit: 18

Maximum age DAB ceasing age 70 years

Proposal Form No: 300/340

Max cover ceasing age Accident benefit: 50

Rebate: Available

Sum Assured Rebate: Available

Loan Available: Yes

Profit plan: with Profits