LIC Money Back for 20 Years

LIC’s Money Back Insurance Policy  20 Years Table  Plan No: 75

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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