LIC New Money Back Policy 25 Years

 

LIC Money Back plan 25 Years

LIC Money Back 25 Years

LIC New Money Back Plan – 25 Years

BUY ONLINE LIC'S MONEY BACK 25 YRS. PLAN

BUY ONLINE LIC’S THIS PLAN

LIC New Money Back Plan 25 Years (lic table no 821) is a traditional life insurance policy which offers guaranteed return and bonus with survival benefits.In this plan Premium needs to be paid for a period of 20 years while the policy continue for 25 years. Policy taken age between 13 to 45 years for a fixed tenure of 25 years. 15% of the Sum Assured is paid to the policy holder on survival at the end of every 5 years and the remaining 40% of the Sum Assured along with Vested Simple Reversionary Bonus + Final Addition Bonus (FAB) would be paid to the policy holder on survival till the end of the Policy term as Maturity Benefit.


LIC New Money Back Plan – 25 Years Key Features

  • Money Back Plan for a term of 25 years
  • 15% of Sum Assured is paid at the end of 5th, 10th 15th and 20th Year as money back
  • Simple Reversionary Bonus is payable on maturity or earlier death
  • Large Sum Assured is available in this plan
  • LIC Accidental Death and Disability Benefit Rider is available

LIC New Money Back Plan-25 years conditions

Eligibility conditions under Lic Money Back Policy 25 Years are,

Age Min. age :  13 years

Max. age:  45 years

Policy Term 25 years
Sum Assured Min. SUM ASSURED: Rs. 1,00,000/-

Max. SUM ASSURED: No Limit

Premium paying Term 20 years
Premium Paying Mode  Monthly (SSS, ECS), Quarterly, Half yearly, Yearly

Accident Death and Disability Benefit Rider:

Min. Age at entry: 18 years(Completed).

Max. Age at entry:  The cover can be opted for at any policy anniversary during the premium paying term.

Max. Cover Ceasing Age : 70 years (nearest birthday).

Min. Accident Benefit Sum Assured : Rs. 1,00,000.

Max. Accident Benefit Sum Assured :  An amount equal to Basic Sum Assured subjected to the max. of RS. 50,00,000 /-overall limit by taking all existing policies of the Life Assured under individual Policies as well as Group policies.

LIC New Money Back Policy 25 Years Rebates

Mode Rebate:

Yearly             – Table premium 2%.

Half yearly     – Table Premium 1%.

Quarterly       – Nil.

Monthly         – Nil.

Sum Assured Rebate:

Sum Assured Rebate
From Rs. 1,00,000/- to Rs. 1,95,000/- NIL
From Rs. 2,00,000/- to Rs. 4,95,000/- For every  1,000 Rs./- Sum Assured  2.00 Rs/- rebate
From Rs. 5,00,000/- and above For every  1,000 Rs./- Sum Assured  3.00 Rs/- rebate

LIC New Money Back Plan – 25 Years Benefits 

Death Benefit – In case of death of the policy holder within the Policy term, the Sum Assured +vested Bonuses would be paid to the Nominee and  policy would be terminate.
The Sum Assured on Death is higher of 125% of Basic Sum Assured or 10 times the Annualized Premium subject to a minimum of 105% of all Premiums paid.

Survival Benefit – On survival, the Life Insured will get 15% of Sum Assured at the end of every 5th, 10th 15th and 20th Policy Year and the policy continues till the end of the Policy Term of 25 years.

Maturity Benefit-If the policy holder survival till the end of the Policy Tenure, the policyholder will get the rest 40% of the Sum Assured + accrued Reversionary Bonus + Final Addition Bonus (FAB) if any) as Maturity Benefit and the policy will be terminated.

Income Tax Benefit-Income Tax Benefits available under Section 80-C & Maturity Benefit under section 10(10)D.

Benefit Example LIC 25 years Money Back Policy 

An example of AMIT who is purchasing this Plan with following details.

Sum Assured: Rs.10,00,000
Policy Term: 25 Years
Policy Purchase Year: 2016
Age: 25 Years
Yearly Premium: Rs. 59522

Premium Calculator-LIC New Money Back Policy 821

Please Select Only Plan No-821

Maturity Details

If policy holder AMIT survives the policy term 25 years then Maturity will be as under.

Maturity Year Maturity Age Maturity Amount(approx)
2041 50 1750000 (excluding money back)

If he survives,

At end of 5th year he get 1,50,000 /-.

At end of 10th year he get 1,50,000 /-.

At end of 15th year he get 1,50,000 /-.

At end of 20th year he get 1,50,000 /-.

At Maturity age i.e., he get 4,00,000 +Vested Bonus + FAB.

Year Age Risk Cover Normal Risk Cover Accidental Premium Tax Saved Net Premium Amount Received
2016 25 1295000 2295000 59522 17232 42290 0
2017 26 1340000 2340000 58481 17232 41249 0
2018 27 1385000 2385000 58481 17232 41249 0
2019 28 1430000 2430000 58481 17232 41249 0
2020 29 1475000 2475000 58481 17232 41249 0
2021 30 1520000 2520000 58481 17232 41249 150000
2022 31 1565000 2565000 58481 17232 41249 0
2023 32 1610000 2610000 58481 17232 41249 0
2024 33 1655000 2655000 58481 17232 41249 0
2025 34 1700000 2700000 58481 17232 41249 0
2026 35 1745000 2745000 58481 17232 41249 150000
2027 36 1790000 2790000 58481 17232 41249 0
2028 37 1835000 2835000 58481 17232 41249 0
2029 38 1880000 2880000 58481 17232 41249 0
2030 39 1945000 2945000 58481 17232 41249 0
2031 40 1990000 2990000 58481 17232 41249 150000
2032 41 2035000 3035000 58481 17232 41249 0
2033 42 2080000 3080000 58481 17232 41249 0
2034 43 2125000 3125000 58481 17232 41249 0
2035 44 2190000 3190000 58481 17232 41249 0
2036 45 2235000 3235000 0 0 0 150000
2037 46 2280000 3280000 0 0 0 0
2038 47 2325000 3325000 0 0 0 0
2039 48 2370000 3370000 0 0 0 0
2040 49 2600000 3600000 0 0 0 0
2041 50 0 0 0 0 0 1750000

Lic’s New Money Back Plan-25 years Additional Information

Risk Coverage: –End of Term of the Policy.

Date of Commencement of Risk:–Risk commencement starts when taking the policy(day one).

Locking period: – 3 years.

Loan Facility: – Available.

Income Tax Reduction:  Available under Section 80-C for premiums paid and Section 10 (10D) for Maturity returns.

Loan:  Available.

Riders available:  Yes.

Policy Revival: Policy can be revived before 2 years from date of First Unpaid Premium (FUP).

Suicide Clause: if the policy holder commit suicide before 1 year he will be returned back 80% of premium what he paid.

Proposal Forms: Proposal Form no. 300 or 340 will be used under this lic money back policy 25 years..

Cooling-off Period: If a policyholder is not satisfied with the ‘Terms and Conditions” of the policy, he/she may return the policy within 15 days from the date of receipt of the policy.

Back-dating interest: The policies can be dated back within the same financial year.

Assignments/Nominations: Assignment and nominations is possible under Lic Money Back Policy 25 Years.

BUY ONLINE LIC'S MONEY BACK 25 YRS. PLAN

BUY ONLINE LIC’S THIS PLAN

Services that I offer

  • New LIC Policy Quotes and Completion
  • Complete guidance
  • Doorstep Premium Collection Service
  • Personalized Policy Recommendations
  • Renewal / Revival of Lapsed Policies
  • Human Life Value Calculation
  • Life Time Services

FOR MORE INFORMATION PLEASE CONTACT -:

BASPA NAND PANCHOLI

CON-9891009400

Emailbasupancholi@gmail.com

Office Address:-25,KG,Marg,Jeevan Prakash Building.

LIC of India,Branch Unit-117.

3rd floor,C.P. New Delhi-110001.

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One thought on “LIC New Money Back Policy 25 Years

  1. Pawan Billa

    Pawan here from Hyderabad (mob: 8801422211)…as discussed with you to help me in getting the two old policies of LIC for Surrender. The policy numbers are:

    122408652
    121977558

    Reply

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