LIC's NEW MONEY BACK PLAN LIC's NEW MONEY BACK PLAN LIC's NEW MONEY BACK PLAN

LIC's NEW MONEY BACK PLAN – –– – Plan no Plan no Plan no Plan no- -- -821 821 821 821
25 years Money Back Plan 25 years Money Back Plan 25 years Money Back Plan 25 years Money Back Plan
1. Periodical survival benefits at the rate of 15% of the Sum assured paid every 5 years.
2. Prospects between the age of 13 years to 45 years can be insured.
3. Premium paying term 20 years only.
3. Higher risk cover for low premium.
4. Maximum age at maturity is 70 Years.
5. Minimum sum assured is Rs.1 lac and there is no limit for the maximum sum assured.
6. Loan facility available after 3 years.
7. Income tax benefits u/s 80C is available and maturity benefits are tax free.
Maturity Benefits:
On maturity 40% of Basic Sum assured along with Bonus and Final Additional Bonus(if any) will be
paid.

Death Benefits:

“Sum assured on death” along with vested bonus and final additional bonus(if any) will be paid.
Sum assured on death shall be the higher of (1) 125% Basic sum assured (2) 10 times the
Annualised Premium (3) 105% of the premiums paid as on the date of death.

Accident and Disability Benefit rider:
Available for persons aged between 18 to 55 years on payment of RS.1‰ SA for a maximum
amount of Rs.50 lac. A new concept of activity of daily living to define disability introduced.

Plan Parameters:


Plan open for
sale from
6.1.2014

Particulars Description High Sum assured rebates
Age at entry 13 to 45 years Sum Assured Rebate (Rs.)
Age at Maturity Maximum 70 years 3‰ SA
Premium mode 2 ‰SA
Mode Rebate
Available
5,00,000 and
above
Yly, Hly, Qly, Mly(SSS or
ECS)
2,00,000 to
4,95,000
Basic Sum
Assured
100000 and above ( In
multiples of 5000) – No
upper Limit.
Assignment &
nomination
facility
Yly – 2% of
tabular
premium
Hly- 1% of
tabular
premium
Survival Benefit
Policy Year 5th 10th 15th 20th
15.00% 15.00% 15.00% 15.00%
Survival Benefit
Payable

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