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LIC’s NEW MONEY BACK - LIC New Plans policy - 2014

Benefits: LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides 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. This plan also takes care of liquidity needs through its loan facility.

  1. Eligibility Conditions and Other Restrictions:

For Basic plan

  1. Minimum Basic Sum Assured                     :   Rs. 100,000
  2. Maximum Basic  Sum Assured                    :   No Limit

       (The Basic Sum Assured shall be in multiples of Rs. 5000/-)

  1. Minimum Age at entry for Life Assured       :  13 years (completed)
  2. Maximum Age at entry for Life Assured      :  50 years (nearest birthday)
  3. Maximum Maturity Age for Life Assured  :  70 years (nearest birthday)
  4. Term                                                               :  20 years
  5. Premium paying term            (PPT)                          :  15 years

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LIC of India List of LICs New Plans Launching - 2014
1. NEW MONEY BACK Plan - Table no. 817
2. NEW MONEY BACK Plan - Table no. 814
3. New Moneyback Plan ( 20 years Term ) - Table no. 820
4. New Moneyback Plan ( 25 years Term ) - Table no. 821
5. New MONEY BACK - Table no. 816
6. NEW MONEY BACK - Table no. 815

 


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