New Money Back Plan-25 Years

• LIC New Money Back Plan offers the Guaranteed pay-outs along with Life cover
• This plan offers guaranteed tax-free 15% of Sum Assured in 5th, 10th, 15th & 20th Year of the policy. The premium payment  term in this plan is 20 years.
• This plan offers the Guaranteed risk cover of 125% of Sum Assured from Day 1
• On Maturity you will get tax-free Guaranteed 40% of Sum Assured along with vested reversionary bonus. LIC declared the bonus every year
• This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
• This plan also has the option of taking the Maturity proceeds in installments as the policy-holder can choose the no of year as 5, 10 or 15.
• In a similar way, the policyholder also has the option of choosing the death benefit in installments.
• LIC also offer the discount in the premium in case the mode of payment is Yearly.
• The loan is also available to the policyholder after the completion of 1 year of the policy