New Money Back Plan 20 Years
LIC's New Money Back Plan 20 years is a non-linked with profit limited premium payment plan.
- 40% of the basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
- Sum Assured on death along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
- The death benefit as defined above shall not be less than 105% of total premiums paid as on the date of death.
- In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
Loan Available after payment of 3 full years premiums.
- Accidental Death & Disability Benefit Rider.