G Raghavendra Prasad

Development Officer

Authorised Officer for Agents Recruitment, Training & Business Development

Contact No: +91 9618634105

New Money Back Plan 20 Yrs

LIC Hyderabad Online

Plan : Money Back 20Year(820)
This is a limited premium payment, non-linked, with profits Money Back Plan.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(NACH)/ SSS

Term :
20 Year

PPT* :
15 Year

Minimum Entry Age :
13yr Completed

Maximum Entry Age :
50yr (Nearest Birthday)

Maximum Maturity Age :
70 Year

Minimum Sum Assured :

Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :
On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death is 125% of Basic Sum Assured

On Survival :
20% of Basic SA is payable after 5th, 10th and 15th year of policy.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The policy can be surrendered for cash provided at least three full years premiums have been paid.

Loan :
Available after payment of premium of 3 full years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

new money back plan 20 yrs