LIC Premium and Maturity Calculator

LIC's New Money Back Plan (20 Years) (820) Premium and Maturity Calculator

LIC's New Money Back Plan (20 Years) (820) Premium and Maturity Calculator - LIC's New Money Back Plan (20 Years) (820) Policy is a non-linked life insurance policy, offers an attractive combination of protection against death, guaranteed returns and bonus. LIC's New Money Back Plan (20 Years) (820) Policy provides a 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.

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Documents required to buy the policy: (LIC's New Money Back Plan (20 Years) (820) Premium and Maturity Calculator)

  • Application form/proposal form with photo
  • Address proof
  • Age Proof
  • Medical reports (if required)

Accident Death and Disability Benefit Rider: (LIC's New Money Back Plan (20 Years) (820) Premium and Maturity Calculator)

  • Minimum Age at entry : 18 years(Completed)
  • Maximum Age at entry : The cover can be opted for at any policy anniversary during the premium paying term.
  • Maximum Cover Ceasing Age : 70 years (nearest birthday)
  • Minimum Accident Benefit Sum Assured : Rs. 1,00,000
  • Maximum Accident Benefit Sum Assured : An amount equal to Basic Sum Assured subjected to the
  • Maximum of RS. 50,00,000 /-overall limit by taking all existing policies of the Life Assured under individual Policies as well as Group policies.

Key Features and benefits: (LIC's New Money Back Plan (20 Years) (820) Premium and Maturity Calculator)

  • LIC Money Back Plan for a tenure of 20 years
  • 20% of Sum Assured is paid at the end of 5th, 10th and 15th Year as Survival Benefit
  • Lic Money Back Policy has a special feature that Simple Reversionary Bonus is payable on maturity or earlier death
  • Large Sum Assured is available in Lic Money Back policy
  • Accidental Death and Disability Benefit Rider is available.

LIC Money Back Plan Premium, Maturity Calculators