Lic New Money back policy 25 years is a non-linked lifestyles coverage plan which gives assured returns and bonus. Lic Money lower back 25 years coverage policy combines the dual benefits of savings and coverage.
In money returned 25 years coverage policy partial survival benefits manner some percent of sum confident are paid to the policyholder at particular periods at some point of the term of the coverage.
Lic New Money back policy 25 years(Table no 93) is a ordinary top rate paying cash again coverage policy. Premium on this plan needs to be paid for a duration of two decades the use of LIC Money Back Policy 25 years Calculator, while the coverage continues for 25 years. Policy may be taken via every person between thirteen to 45 years of age for a hard and fast tenure of 25 years.
The main advantage of this New cash back coverage 25 years is some percent of sum assured i.E 15% might be paid back to the coverage holder inside the shape of survival benefit periodically for every five years during the coverage term.
Lic Money Back Policy 25 years Eligibility Conditions
Lic Money Back policy 25 years Eligibility.
|Entry Age||Maximum Age: 45 years||Minimum Age: 13 years|
Lic New Money Back 25 years policy Sum Assured.
|Sum Assured is||Rs. 1,00,000/-||No Limit|
The basic sum assured shall be within the multiples of Rs. 5000/-
Lic New Money Policy 25 years policy term.
|Policy Term||25 years|
|Maximum Maturity Age||70 Years(nearest birthday)|
Lic Money Back Policy 25 years Premium Paying Mode.
|Monthly (SSS, ECS)||Quarterly||Half yearly||Yearly|
Conditions: The files required to take the Lic Money Back Policy 25 years are.
- Application form/idea shape with photograph.
- Address proof.
- Age Proof.
- Medical reports (if required)
Accident Death and Disability Benefit Rider
- Minimum Age at access : 18 years(Completed)
- Maximum Age at access : The cowl may be opted for at any coverage anniversary all through the top class paying time period.
- Maximum Cover Ceasing Age : 70 years (nearest birthday)
- Minimum Accident Benefit Sum Assured : Rs. 1,00,000
- Maximum Accident Benefit Sum Assured : An amount same to Basic Sum Assured subjected to the most of RS. 50,00,000 /-typical limit through taking all current guidelines of the Life Assured beneath character Policies as well as Group guidelines.
Lic Money Back coverage 25 years Rebates
Lic Money Back coverage Mode Rebate:
- Yearly – 2% of tabular premium.
- Half yearly – 1% of tabular top rate.
- Quarterly – Nil.
- Monthly – Nil.
Lic Money Back policy 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 Money Back Policy 25 years top rate and Maturity Calculator
You can calculate your policy premium with premium calculator. To Calculate you must need to enter your Name,Email ID,Mobile variety, Age, Term, Sum Assured.
Lic Money Back coverage 25 years Review and Key Features
- Lic new money lower back coverage 25 years is a easy cash lower back plan with each Death and Survival Benefits.
- For a Money Back Policy 25 years (Table ninety three), 15% of the sum confident turns into payable every after 5, 10, 15 and two decades, and the stability 40% plus the collected bonus grow to be payable at the 25th year.
- The Main critical characteristic of Money Back Policy 25 years is inside the event of death at any time within the policy time period, the loss of life declare contains complete sum assured with out deducting any of the survival benefit quantities, which have already been paid. Similarly, the bonus is likewise calculated on the whole sum assured.
- Simple Reversionary Bonus is payable on Policy Maturity or on earlier demise.
- Optional better cover via Riders.
Lic Money returned coverage 25 years Benefits
Survival Benefit:- In case of Life Assured surviving to the cease of the desired intervals 15% of the Basic Sum Assured at the give up of every of 5th, tenth, fifteenth & twentieth coverage yr.
Maturity Benefit:- In case of Life assured surviving the stipulated date of maturity, forty% of the Basic Sum Assured in conjunction with vested Simple Reversionary Bonuses and Final Additional bonus, if any, will be payable.
Death Benefit :
- On dying during the coverage term provided the policy is in complete pressure, demise advantage, described as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, will be payable. Where, “Sum Assured on Death” is defined as higher of one hundred twenty five% of the Basic Sum Assured or 10 instances of annualized premium. This death gain shall now not be much less than one hundred and five% of the entire charges paid as on date of death.
- IF the Insured character dies in the Policy Term then Nominee of the Policy might be given Death Benefit(Sum Assured on Death) + Simple Reversionary Bonus + FAB(final additional bonus) if any.
Lic Money Back Policy 25 years Claims
Lic Money Back coverage 25 years Maturity Claim:- Sum Assured – Survival Benefits + Simple Reversionary Bonus + FAB(very last extra bonus) if any.
Lic money returned coverage 25 years Death Claim:- Sum Assured on Death means a hundred twenty five% of Basic sum assured (1.25 x BSA) or 10 instances Annual Premium (10 x AP) whichever is better that amount could be paid to nominee. Death advantage paid should be greater than one hundred and five% of general premiums paid as at the date of loss of life.
Additional Information Related to Money Back Policy 25 years
Lic Money Back Policy Risk Cover:
- Maximum Sum Assured: 1,00,000
- Minimum Sum Assured: No restriction.
Lic Money Back Policy Loan:
- Loan facility is available under this plan after the coverage acquires paid up fee.
- The Loan as a percentage of give up value will be as beneath.
- For inforce/completely paid-up policies-upto 90 %.
- For paid up policies upto 80%
- Housing Loan Surety: Available
- Policy Revival: Policy can be revived earlier than 2 years from date of First Unpaid Premium (FUP).
- Riders to be had: Yes
- Proposal Forms: Proposal Form no. Three hundred or 340 may be used beneath Lic Money again coverage 25 years.
- Surrender Value: The Lic cash again policy 25 years coverage can be surrendered at any time throughout the policy time period furnished premiums have been paid for full three years.
Lic Money Back Policy 25 years Example
Suppose if kumar taken New Money Back Plan 25 years for 10,00,000 Rs./- for 25 years then if he dies then he may be paid one hundred twenty five% of Basic Sum Assured or 10 times of annual Premium whichever is higher i.E.
Basic Sum Assured is Rs. 10,00,000
125% of BSA 10,00,000 X 125/a hundred = 12,50,000.
Suppose Naveen Paid Premium for 5 Years and died. Let Annual Premium be 50,000 then
10 instances of 50,000 is Rs. Five,00,000/-
As 12,50,000 is better than five,00,000 Nominee get 12,50,000 as Death Benefit.
Lic New Money Back policy 25 years Tabular premium
ic Money Back Policy 25 years FAQs
- What happend if you forestall paying the premium?
A. If you prevent paying the premiums after three coverage years, the coverage acquires a Paid Up Value for a Reduced Sum Assured however the policy would be eligible for any destiny everyday additions.
2. If You want to give up the coverage?
A. There is a Guaranteed Surrender Value after 3 policy years.
Guaranteed Surrender Value = 30% of all rates paid – 1st year’s premium.
3. Is Loan is available for this policy?
A. Loan facility is not to be had under this coverage.