Features
The difference between the other money back plans and this plan is as follows:
Maturity term is more than premium paying term.
Early and higher rate of survival benefit payment.
Risk cover increases every five years.

Premium Ceasing Age : 70 Premium Ceasing Term : 15
Special Features
Longer policy terms and limited premium paying term – This plan has a policy term of 20 years
and premium paying term of 15 years.
Full sum assured is paid back as survival benefit by the end of premium paying term. However,
the risk cover and additional risk cover continue and the policy participates in profits until
the end of policy term.
Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5.00
lakhs on a single life.
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
At end of 4 years , 8 years , 12 years & 15 years 25% of Sum Assured
At end of 20 years on Maturity, the policyholder will receive the vested bonus(if any).
Death Benefits:
If death occurs at anytime during the term of a policy (provided the policy has been kept in
force by payment of all premiums that had fallen due), the basic sum assured along with the
vested bonus will be paid. The survival benefits already paid, if any, will not be deducted from
this claim amount. An additional amount (depending on the duration of the policy) will also be
paid on death under such a policy. The additional amounts payable, at various stages are
shown in the table given below.
Additional Amount Paid In Case Of Death For A Policy Of Rs.1000
First 5 (Policy Years) ———- Nil
6th-10th (Policy Year) ——— 500
11th-15th (Policy Year) ——– 1000
16th-20th (Policy Year) ——– 1500
Suitable for:
This plan holds special interest to people who besides wishing to provide for their old age and
family feel the need for lump sum benefits at periodical intervals.

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Premium Ceasing Age : 70 Premium Ceasing Term : 12
Special Features
Longer policy terms & limited premium paying terms as under:
This is a 15 years policy with 12 years of premium payment period.
Full sum assured is paid back as survival benefit by the end of premium paying term. However,
the risk cover and additional risk cover continue and the policy participates in profits till the
end of policy term.
Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5
lakhs on a single life.
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
At end of 4 years , 8 years 30% of Sum Assured
At end of 12 years 40% of Sum Assured
At end of 15 years on Maturity, the policyholder will receive the vested bonus(if any).
Death Benefits:
If death occurs at anytime during the term of a policy (provided the policy has been kept in
force by payment of all premiums that had fallen due), the basic sum assured along with the
vested bonus will be paid. The survival benefits already paid, if any, will not be deducted from
this claim amount. An additional amount (depending on the duration of the policy) will also be
paid on death under such a policy.
Additional amount paid in case of death for a Policy of Rs.1000
First 5 (Policy Years) ———- Nil
6th-10th (Policy Year) ——— 500
11th-15th (Policy Year) ——– 1000

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Features
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the
end of the endowment period, this scheme provides for periodic payments of partial survival
benefits as follows during the term of the policy, of course so long as the policy holder is alive.

Plan Highlights

Premium Ceasing Age : 70 Premium Ceasing Term : 0

Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
i) At end of 5 years , 10 years , 15 years & 20 years 15% of Sum Assured
ii) At end of 25 years 40% of Sum Assured and
On Maturity, the policyholder will receive the balance sum assured as given above plus the
vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
Suitable For:
This plan holds special interest to people who besides wishing to provide for their old age and
family feel the need for lump sum benefits at periodical intervals.
This plan meets with periodical needs although loans are not granted under this policy. A
terminal bonus is granted though.
The basic bonus under this plan is slightly lower than the rate applicable to endowment
assurances.

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Premium Ceasing Age : 66  Premium Ceasing Term : 1

Plan Highlights

Features

Bima Bachat is a single premium money back plan. The single premium that is paid under the policy will be paid back to the policyholder along with Loyalty Additions, if any. This payment will be done at the time of maturity. If the policyholder survives till the term of the policy, he will receive 15% of the total sum assured every 3 years. There are no riders available under this policy. And it is available for a term of 9, 12 and 15 years.

Benefits

Death benefit:

On the death of the policyholder during the term of the policy, an amount which is equal to sum assured is paid.

Survival Benefit:

In case the life assured survives till the term of the policy, he will receive 15% of the total sum assured every 3 years. The policy is available for a term of 9 years, 12 years and 15 years respectively.

Maturity Benefit:

Single premium (excluding extra premium) along with Loyalty Additions, if any, is paid to the Life Assured if he survives till the end of the term.

Loyalty Additions

LIC Bima Bachat is a with-profits Plan and the policy shall participate in the profits of the Corporation’s with-profits assurance business. The policy shall, however not be eligible for reversionary bonuses but it will be eligible to a share of profits in the form of Loyalty Addition (one time) which will be only payable on maturity. On the Life Assured surviving the stipulated date of maturity, the policy may be eligible for payment of Loyalty Addition, if any, depending upon the experience of the Corporation at such rate and on such terms as may be declared by the Corporation.

Loan

Loan facility is available under this plan after the policy acquires paid-up value. The rate of interest to be charged for loan amount would be determined from time to time by the Corporation. Presently the rate of interest is 9% p.a. payable half-yearly.

Cooling -off period

If a policyholder is not satisfied with the terms and conditions of the policy, he/she may return the policy to the Corporation within 15 days from the date of receipt of the policy.

Back-dating interest

The policies can be dated back within the financial year, as usual. Back-dating interest will be charged at the rate of 9% p.a. for dating back in excess of one month. This rate is subject to revision. The interest shall be charged even where the policy is back dated to a lean month.

Surrender values

The policy can be surrendered for cash after completion of atleast one policy year. The GuaranteedSurrender Value is equal to 90 per cent of the Single Premium paid excluding extra premium paid and the survival benefits paid earlier.

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Premium Ceasing Age : 70 Premium Ceasing Term : 18
Plan Highlights
Features
(LIC’s Jeevan Surabhi ) Table no 108. This plan is an improved version of Money Back Plan with an added element of increasing term insurance cover. The difference between the other money back plans and this plan is as follows:
• In case of this plan the maturity term is more than premium paying term.
• The survival benefit payment is early and gives a higher rate.
• Risk cover increases every five years.

Special Features
This plan has longer policy term and limited premium paying term. The policy term is 25 years and the premium paying term is 18 years.
• Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.
• Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.

Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 4 years, 8 years, 12 years & 15 years 25% of Sum Assured
• At end of 25 years Maturity Amount
• On Maturity, the policyholder will receive the balance sum assured as given above plus the vested bonus(if any).

Death Benefits:
If death occurs at anytime during the term of a policy (provided the policy has been kept in force by payment of all premiums that had fallen due), the basic sum assured along with the vested bonus will be paid. The survival benefits already paid, if any, will not be deducted from this claim amount. An additional amount (depending on the duration of the policy) will also be paid on death under such a policy. The additional amounts payable, at various stages are shown in the table given below.
Additional Amount Paid In Case Of Death For A Policy Of Rs.1000
First 5 (Policy Years) Nil
6th-lOth (Policy Year) 500
llth-l5th (Policy Year) 1000
l6th-2Oth (Policy Year) 1500
2lst-26th (Policy Year) 2000
Suitable for:
This plan holds special interest to people who besides wishing to provide for their old age and family feel the need for lump sum benefits at periodical intervals.

FAQ’s on Life Insurance Click here

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Contact us for free quotes on LIC’s Jeevan Surbhi/ Surabhi Money Back Life Insurance policy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs.Send your comments Reviews for getting free quotations, charts & claculations are also provided on demand…

Premium Ceasing Age : 70 Premium Ceasing Term : 0
Plan Highlights
Features
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period, this scheme provides for periodic payments of partial survival benefits as follows during the term of the lic money back policy, of course so long as the policy holder is alive.
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
• At end of 5 years , 10 years & 15 years 20% of Sum Assured
• At end of 20 years 40% of Sum Assured and
• On Maturity, the policyholder will receive the balance sum assured as given above plus the vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
Suitable For:
LIC Money Back plan holds special interest to people who besides wishing to provide for their old age and family feel the need for lump sum benefits at periodical intervals.
LIC Money Back plan meets with periodical needs although loans are not granted under this policy. A terminal bonus is granted though.
The basic bonus under this plan is slightly lower than the rate applicable to endowment assurances.

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Contact us for Review, Charts, Premium Calculation, Presentaions Investment Options, Plan Presentation On LIC Money Back Plans Policies Returns online here..

Premium Ceasing Age : 75 Premium Ceasing Term : 20
Plan Highlights
LIC’s new Bima Gold is a money back type plan where total premiums paid under the policy shall be paid back to the policyholder in installments at the specified durations in case of survival and Sum Assured shall be paid in case of death during the term of the policy irrespective of whether or not any survival benefits have been paid earlier. Bima Gold is Good Investment option.
BENEFITS:
Death Benefit: On death of the Life Assured during the term of the policy, an amount equal to Sum Assured under the Basic Plan shall be payable provided the life cover is in force.
Survival Benefit: In case the life assured is surviving to the end of the specified durations, the following benefits shall be payable provided the policy is in full force.
For policy term 12 years : 15% of the Sum Assured under Basic Plan at the end of each 4th & 8th policy year
For policy term 16 years : 15% of the Sum Assured under Basic Plan at the end of each 4th, 8th &l2th policy year
For policy term 20 years : 10% of the Sum Assured under Basic Plan at the end of each 4th, 8th, 12th & 16th policy year
Maturity Benefit: Total amount of premiums (excluding extra/optional rider premiums, if any) paid plus
Loyalty Additions, if any, less the amount of survival benefits paid earlier, shall be payable in case of Life
Assured surviving to the end of the term provided the policy is in full force.
LOYALTY ADDITIONS:
This is a with-profits Plan and the policy shall participate in the profits of the Corporation’s with-profits assurance business. The policy shall, however, be eligible to a share of profits in the form of Loyalty Addition (one time) only payable on maturity. On the Life Assured surviving the stipulated date of maturity, the policy may be eligible for payment of Loyalty Addition, if any, depending upon the experience of the Corporation at such rate and on such terms as may be declared by the Corporation.
OPTIONS:
Accident Benefit Rider shall be available as an optional benefit for a premium at the rate of Rs.1 per thousand Accident Benefit Rider Sum Assured. Accident Benefit Rider shall be available for an amount not exceeding the Sum Assured under the Basic Plan subject to an overall limit of Rs.50 lakh taking all existing policies of the Life Assured under individual as well as group schemes including policies with in-built accident benefit taken with Life Insurance Corporation of India and other insurance companies and the Accident Benefit Rider Sum Assured under the new proposal into consideration.
AUTO-COVER:
If at least two full years premiums have been paid in respect of this policy, any subsequent premium be not duly paid, full death cover shall continue for a period of two years from the date of First Unpaid Premium(FUP). This period of 2 years from FUP shall be called Auto-Cover period.
During the Auto-Cover period, one or more installments of premiums can be paid along with interest without any revival requirements.
On revival or payment of part/full arrears of premiums during Auto-Cover period, the date of FUP will shift and accordingly the Auto-Cover facility shall again be available for two years from the date of revised FUP.
LOAN:
Loan facility is available under this plan after the policy acquires paid-up value. The rate of interest to be charged for loan amount would be determined from time to time by the Corporation. Presently the rate of interest is 9% p.a. payable half-yearly.
MODES OF PREMIUM PAYMENTS:
Premiums are payable regularly during the policy term with modes of premium payment Yearly, Half-Yearly, Quarterly, Monthly or through salary deductions.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
Minimum age at entry : 14 years (completed)
Maximum age at entry : 63 years nearer birthday
Maximum age at maturity : 75 years nearer birthday
Term 12, 16 or 20 years.
Minimum Sum Assured : Rs. 40,000 I-
Maximum Sum assured : No limit
Sum Assured will be in multiples of Rs.5,000 I- only.
REBATES FOR HIGH SUM ASSURED:
Mode Rebate
Rebates are available at the following rates:
Yearly mode : 2% of tabular premium
Half-yearly mode : 1% of tabular premium
Quarterly and SSS mode : NIL
Monthly mode : 5% extra on tabular premium
High Sum Assured Rebates:
Less than Rs. 50,000 : NIL
Rs. 50,000 and Less than Rs.1 Lakh : Rs. 2.5 per thousand Sum Assured
Rs. 1 Lakh and Less than Rs.2 Lakh : Rs. 7.5 per thousand Sum Assured
Rs. 2 Lakh and above : Rs.10 per thousand Sum Assured
PAID-UP & SURRENDER VALUES (GSV,SSV):
If after at least three full years premiums have been paid in respect of this policy, any subsequent premium be not duly paid, this policy shall not be wholly void after the expiry of two years Auto Cover Period from the due date of First Unpaid Premium, but shall subsist as a paid up policy for an amount equal to the total premiums paid (excluding any extra/optional premium) less the survival benefits paid earlier, if any. This amount shall be called as Paid Up Value. This paid up value shall be payable on the date of maturity or at Life Assureds prior death. No survival benefit shall be payable under paid up policies. The policy thereafter shall be free from all liabilities for payment of the within mentioned premiums.
The Guaranteed Surrender Value shall be available after completion of at least three policy years and at least three full years premiums have been paid. The Guaranteed Surrender Value is equal to 30 per cent of the total amount of premiums paid excluding the premiums for the first policy year, all extra premiums paid, the premiums paid for Accident Benefit Rider and the amount of survival benefits paid earlier.
Special Surrender Value will be calculated using the surrender value factors as applicable in the case of Endowment Plan and paid-up value as defined above.
Surrender value will not be available on Accident Benefit Rider Option premiums.

 REVIVALS OR REINSTATEMENTS OF LAPSED POLICIES:
If the Policy has lapsed, it may be revived during the lifetime of the life assured, but within a period of 5 years from the date of first unpaid premium and before the date of maturity, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest (compounding half-yearly) at such rate as may be prevailing at the time of the payment. The Corporation reserves the right to accept at original terms or accept at revised terms or decline the revival of discontinued policy. The revival of the discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Life Assured. Revival of Accident Benefit Rider will only be considered along with revival of the Basic Policy, and not in isolation.
BACK DATING INTEREST:
The policies can be dated back within the financial year, as usual. Back- dating interest will be charged at the prevailing rate at the time of completion of policy for dating back in excess of one month. The interest shall be charged even where the policy is back dated to a lean month.

FAQ’s on Life Insurance here.
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Contact us for free quotes on LIC’s New Bima Gold Life Insurance Policy. See the Online Charts, various Calculations, Reviews, Presentaions here. Our LIC of India’s Authorised Agent/ Insurance Advisor will Contact you within 24 hrs…

Find here Our Most Popular Money Back Schmes Policies Features/ Benefits:

• Money Back Policy- 20 Years
• Money Back Policy- 25 Years
• Jeevan Surabhi- 15 Years
• Jeevan Surabhi- 20 Years
• Jeevan Surabhi- 25 Years
• LIC Bima Bachat
• Bima Gold (Special Plan)

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