MONEY BACK 20 YEARS INSURANCE POLICY BY LIC

Unlike ordinary endowment insurance plan where the survival benefits are payable only at the end of the endowment period, this scheme provides periodic payments of partial survival benefits as follows during the term of the policy. Of course so long as the policyholder is alive this plan is best suitable for businessmen and professionals. In case of a 20-year money-back policy (table 75), 20% of the S. A. become payable each after 5,10,15 year, and the balance 40% plus the accrued should have attained majority. An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full S.A. without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full S.A. Plan parameters Age at entry: Min. 13 yrs LBD, Max. 50 yrs (T- 75) Max. 45 yrs (T-93) Maturity age: Max.70 yrs. Sum. in Multiples: 5000, Min. Max No Limit Term: Min. 20 yrs, Max. 20yrs (T-75) Max. 25yrs (T-93) Mode of Payment: YLY/HLY/QLY/SSS/MLY Accident Benefit: Re.1 Extra per (Max. 50 Lac inclusive 1000 S.A. All plan) Policy loan: yes,@ 10.5% Housing loan: yes Assignment: yes Revival: yes Surrender of policy: yes Term rider: yes CIR: yes Underwriting condition Form no.: 300/340 Age proof: std /NSAP-1,2,3 Female lives category: I/II/III Non-medical (Gen): allowed Non-medical (pro): allowed Non-medical (special): allowed Actual sum assured: basic SA

Rusk coverage: SA + bonus Dating back@ 8%: Allowed Benefits Death benefits: payment of full S.A. + bonus on full S.A. + FAB. If any is paid to the nominee The survival benefit already paid, if any is not deducted. Maturity benefit: balance survival benefit + bonus on full S.A. + FAB, if any Example: Ms. Sania Mirza, aged 25 invests Rs.2lac in a money back policy (T.No-75) paying an annual premium of Rs.12,546/- for 20 years period. she receives Rs.40,000 at the end of each 5th, 10th, 15th year. On maturity balance Rs.80,000+ Rs.1,64,000/- (as per bonus rate of 2005 i.e. Rs.41per thousand p.a.)+Rs.4000/- FAB if Ms. Sania dies after 8 year, his nominee will receive S.A. +Bonus without deducting the survival benefit survival benefit already paid to Ms. Sania Searching the right agent is only the beginning Contact us.

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