New jeevan akshay vi 189 new jeevan nidhi 818 single premium. Its a money back policy that offers monetary security against death all through the policy tenure with the facility of payment for survival benefits at stated durations for the period of the policy. Lic s new money back plan 25 years is a contributing nonlinked protection cum savings plan, where the policy premium is funded in a lump sum. Lic new money back 25 years 825 premium calculator get. Lic children money back policy plan no 832 features. New money back plan 25 years 821 lic s new money back plan 25 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Raman at 30 years, wants to buy lics new money back plan 25 years to get regular money backs along with life protection. Lic new money back policy 25 years plan features, details. Also, the tenure of the money back policy ranges from 10 25 years. Children money back plan 832 jeevan tarun 834 whole life. This video helps you to understand the lic new money back plan table no. Lic s new money back plan 25 years is one such plan that offers a combination of regular income and insurance protection. Life insurance corporation of india new money back plan20. He opts the plan with the policy term of 25 years, premium paying term of 20 years, sum assured is rs 1,00,000 with annual premium of rs 6,022.
The policy also pays out an accrued bonus at maturity of the policy tenure. This plan offers an economically palatable combination of cover and protection against death like any other life insurance policy throughout the term. Lics new money back plan20 years is a simple participating anticipated endowment plan. Lic new children money back policy is one of the best childrens insurance plan covering education, wedding and multiple other needs that children need during their growth years. Life insurance corporation of india money back with profit lic. Lic money back policy 25 years example suppose if kumar taken new money back plan 25 years for 10,00,000 rs. The documents required for buying lic new money back plan 25 years are listed below. It participates in the profitsbonus declared by the company. Lic calculator maturity calculator surrender value. Apr 01, 2016 life insurance corporation of india lic has decided to launch lic new children money back policy plan no. This plan being a 20 years tenure has 20 year schedule of survival and maturity benefits to be paid. Life insurance corporation of india lics new money back plan. Money back policy best lic for 5152025 years moneychai.
Policy document attached file is in pdf document format. Lic childrens money back plan 832 premium calculator. It protects against the death of the life insured for the entire policy term with a periodical payment upon survival, at a certain interval during the policy term. This plan being 25 years tenure has a payment schedule of 25 years of survival and maturity benefits to be paid. The money back with profit plan from life insurance corporation of india lic comes in two variants a 20 year variant plan 75 and a 25 year variant plan 93. As per the guidelines of irda the lic money back policy 25 years 821 plan was released on 6th january 2014. This unique combination provides financial support for the family of the. Lic s money back policy 25 years is a simple nonlinked participating endowment plan. Lic money back policy 25 years is a nonlinked life insurance policy which offers guaranteed returns and bonus.
Therefore with the help of this plan, a policyholder could supply financial protection to the chosen beneficiary while creating a great retirement cover for himselfherself. For the year 200405 the two rates of investment return declared by the life insurance council are 6% and 10% per annum. Lic money back policy for 9 years25 years your guide to. Lic new money back plan 25 years821 premium calculator. This is a non unitlinked insurance traditional plan where the money is paid as predecided intervals. Lics new money back plan25 years is a participating nonlinked plan which offers an. Lic new money back plan 25 years table no 921 plan premium and maturity calculator lic s new money back plan 25 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Lic money back 25 years policy premium calculator helps you to calculate the premium that has to be paid to get all the benefits available under this plan and maturity amount that you can get on maturity of your policy. Lic new children money back plan best child insurance plan. Under lic new money back plan 25 years, an individual pays a regular premium for 20 years of a 25 year policy term. For both variants of this policy, the survival benefits are paid in 5 year intervals. Thus, it is a traditional money back plan with scheduled payments and bonus facility.
The maturity calculator for lic money back policy 25 years table no. Lic money back plan provides money back once in every five years. Lic new money back plan 25 years features and benefits. Lic s new money back plan 20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. New money back plan 25 years 821 buy lic policy online. This lic policy can be taken by anyone between to 45 years of age for a fixed tenure. Lic calculator gives you a fair estimate of the surrender value, bonus, loan, paid up and projected maturity value on the basis of the total premium paid. This amount that the policyholder receives every 5 years is called the survival benefit. Money back plan 25 years, 25 years money back policy.
Jan 06, 2014 lic s money back plan 25 years is a nonlinked plan with attractive combination of protection against death throughout the term. It provides protection against the unfortunate death of the policy holder in additional to it, it provides survival benefit at the end of every 5 year of the policy term. Under the lic s new money back plan 25 years, if the insured individual is alive when the policy reaches the 5th, 10th, 15th and 20th year, 15% of the sum assured is paid to the individual. Under this new plan, policyholder needs to pay premiums for 20 years for policy tenure of 25.
Lic new money back policy 25 years is a nonlinked insurance plan which provides benefits and bonus at the end of the policy term or sudden death of the life assured. Lic s insurance plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. The objective of this calculator is to illustrate associated benefits of this plan. After the policy term is over, on maturity he receives a lump sum which comprises of 40% of the sum assured and accrued. Lic new money back plan 20 years is a nonlinked life insurance policy which offers guaranteed returns and bonus.
When it comes to insurance, since the last 60 years, lic is the most preferred choice for millions of indians. This plan provides death benefit as well as other benefits and is a participating nonlinked plan. Lic new money back plan in hindi summary of lic new money back plan 25 years table no 821. Lic money back policy 25 years is a money back plan from life insurance corporation of india or an anticipated endowment policy. Lics new money back plan25 years is a simple participating anticipated endowment plan.
Lics new money back plan25 years has a tenure of 25 years, though the premium is paid for a tenure of 20 years only. The company has introduced a new insurancebased plan, and that is the lic new money back plan 25 years plan no. Lic money back plan 25 years benefits, features, details. For money back policy of 25 year table 93, 15% of the s. Lic new money back plan 25 years table 821, its like an endowment policy, also securing the policy holder in the form of risk cover for entire policy period, lic money back policy 20 years paying term and 25th year policy matured 20 25, money back insurance plan gives 20% of basic sum assured as a survival benefit for every 5 years once. Lic children money back policy is a nonlinked policy. Money back policy25 year insurance plan informations licapp. The lic money back plan 20 years 820 is an endowment plan, released on 6th january 2014 as per the guidelines of irda. Premium in this plan needs to be paid for a period of 20 years while the policy continues for 25 years. You can buy the lic money back policy 25 years from the nearest lic branch office or through online at the lic s official website or from the lic agent. Lic money back plan 25 years the new money back plan 25 years provides twoway securities in the form of life cover and maturity benefit. If the assured survives till 18 years of the policy s duration, 20% of the sum assured is payable to the assured person.
Lics new money back plan25 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. A policy may be revived within a period of 2 years from the date of first unpaid premium. Money back plans lics bima shree policy document plan no. The lic money back policy 25 years policy can be surrendered at any time during the policy term provided premiums have been paid for full three years. Lic s new money back plan25 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. In this plan customers needs to be paid for a period of 20 years while the policy continues for 25 years. There are various money back plans offered by insurance companies, but none of it is even close to best. New childrens money back table832 following premiums are sample and calculated as per parameters given in first table. Please use above calculator to calculate premiums and benefits as per your age, term and sum assured sa. Lic s new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. In the lic jeevan surabhi plan 25 years, the duration of the premium payment is 18 years, while the cover provided is for 25 years. Best lic plans to invest in 2020 latest high return plans policyx.
Money back plans are guaranteed income plans that pay back a certain amount of the invested money at specific intervals to the insured person as survival benefit. Please provide following details to calculate maturity. Lic s new money back plan 25 years is a life insurance policy which is a participating nonlinked plan. Lic money back plan t821 is a limited premium payment with profits money back plan in which policy term is fixed to 25 years but the policyholder need to pay the premium for only 20 years. Application form proposal form along with the photo. Lic s new money back plan25 years is a simple participating anticipated endowment plan. Life insurance corporation of india insurance plan. Life insurance corporation of india new money back plan. Please enter correct sum assured, premium, premium paying term, policy term, last premium paid date and your personal details. Lic, life insurance, money back, money, back, plan, money back plan. Money back life insurance policy by lic lic android app. Hence it is a prudent investment cum insurance option available to a large segment of age groups eligible to take the plan.
This data will be used to calculate and determine the approximate values. Money back pla25 years lic new money back money back. Lic new children money back policy is specially designed to meet various financial needs of children through survival benefits. Lic s new money back plan 20 years is a simple participating anticipated endowment plan. 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 to 45 years for a fixed tenure of 25 years. For a moneyback policy of 25 years table 93, 15% of the sum assured. Lic money back plan 25 years is a nonlinked lic life insurance policy which offers guaranteed returns and bonus both. Lic new money back policy 20 years is a nonlinked plan, which provides protection against death during policy term and payment on survival periodically at specified duration during the term.
This unique combination provides financial support for the family of the deceased policyholder any. Lic new childrens moneyback plan, traditional moneyback child plan, 0 12, 25 years age at entry, 25 years, rs. This is also a participating, nonlinked plan that offers vested bonuses to the company based. In lic money back 25 years policy partial survival benefits, which means some percentage of sum assured will be paid to the. Apr 01, 2016 lic money back policy 25 years is a nonlinked, participating insurance plan offered by life insurance corporation of india lic. Money back plan 25 years or 25 years money back policy. A 15% of sum assured each is paid after every 5th that is, 5th, 10th, 15thand 20th year of policy term.
A traditional money back plan that secures the childs future even if the death separates the parents. That means, it is free from the market risk also provides participation in the profit of the corporation. Lic money back policy 25 years is a nonlinked, participating insurance plan offered by life insurance corporation of india lic. Maturity calculator lic money back plan 20 years 820. This is a money back type assurance plan that provide financial protection against death throughout the term of plan along with the periodic payments on survival at specified durations.
This is a fixedperiod nonlinked participating plan which protects the policy holder against death besides disbursing a periodic payout upon survival at twenty percent of sum. New bima bachat 816 new money back plan 20 years 820 new money back plan 25 years 821 children money back plan 832 jeevan tarun 834 bima diamond 841 childrens. Lic new money back policy for 25 years allows you appreciate 15% of sum assured following every fifth, tenth, fifteenth and twentieth year of this coverage. Lic new money back policy 25 years is a participating plan which is nonlinked to share market investments. Lic s new money back plan 25 years 821 is a regular premium paying money back insurance policy. Lic new money back plan 25 years 821 features, benefits. Lic new money back plan 25 years policy is a nonlinked gauranteed yields endowment plan. Apr 01, 2016 the lic money back policy 25 years policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.
Maturity calculator lic money back plan 25 years 821. Guaranteed surrender value, which is the percentage of the total premiums paid excluding total premium paid and premiums for riders, shall be payable on surrendering of the policy. Lic s new money back plan 25 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Lic money back policy 25 years provides you both savings and insurance facility. 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. If the assured survives till 18 years of the policys duration, 20% of the sum assured is payable to the assured person.