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.

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.

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