LIC's New Money Back Plan (25 Years) (821) Premium and Maturity Calculator
LIC's New Money Back Plan (25 Years) (821) Premium and Maturity Calculator - LIC's New Money Back Plan (25 Years) (821) is a non-linked life insurance policy, offers guaranteed returns and bonus. LIC's New Money Back Plan (25 Years) (821) combine the dual benefits of savings and insurance. In LIC's New Money Back Plan (25 Years) (821) policy, customer will get partial survival benefits, means some percentage of sum assured are paid to the policyholder at specific intervals during the term of the policy.
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LIC's New Money Back Plan (25 Years) (821) is a regular premium paying money back insurance policy. In this plan customers needs to be paid for a period of 20 years while the policy continues for 25 years. Policy can be taken for anyone between 13 to 45 years of age for a fixed tenure of 25 years. The major benefit of the LIC's New Money Back Plan (25 Years) (821) is, little percentage of sum assured i.e 15% will be paid back to the policy holder in the form of survival benefit periodically every 5 years completion during the term of the policy.
Documents Required to buy Policy: (LIC's New Money Back Plan (25 Years) (821) 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 (25 Years) (821) 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.
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