LIC’s New Money Back Plan is a perfect plan for the people who are looking for insurance with money back at regular intervals. LIC’s New Money Back Plan is a fixed term plan for 25 years with a premium paying term 20 years.

LIC’s New Money Back Plan helps to meet the short-term goal with money back at regular intervals and long-term goals with maturity on completion of policy term along with full insurance cover till policy term.

As a part of this policy, the insured gets a survival benefit of 15% of the basic sum assured at the end of the 5th, 10th, 15th, 20th year and 40% at the end of the 25th years, along with bonus for full 25 years of the policy. Additional bonuses, if any, are also paid on maturity.
In case the life assured dies during the policy term, the full sum assured will be paid, irrespective of the survival benefits.

Benefits of LIC Money Back Policy- 25 years

• This is a fixed term participating traditional plan
• Survival Benefits paid (Money Back) at the end of 5, 10, 15, 20 & 25th year
• Premium need to pay for 20 years for 25 Years policy
• This Plan is non linked with the Market
• The scheme guarantees risk coverage for full Sum Assured from day one of policy.
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 100000 with no maximum limit
• This policy can be taken between 13 years to 45 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• This plan offers additional riders like Accidental Death Benefit Rider, Accidental and Disability Rider
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act

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