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LIC Money Back Policy 25 Years
This plan has been withdrawn by the insurance company and is no longer available for sale.
LIC Money Back Policy - 25 Years Plan
LIC Money Back Policy 25 years is a Money Back Plan from Life Insurance Corporation of India or an anticipated endowment policy. This is a non unit-linked insurance traditional plan where the money is paid as pre-decided intervals. In this policy, if the Life Insured survives then he would receive 15% of the Sum Assured at the end of 5, 10, 15 and 20 years and the remaining 40% of the Sum Assured plus accrued Bonus is payable on maturity at the end of 25 years. However, if the Life Insured dies within the policy tenure, then the nominee would receive the full Sum Assured irrespective of how much has already been paid out before and Bonus being calculated on the full Sum Assured and the policy terminates.
Key Features of LIC Money Back Policy - 25 years
This is a simple money back plan with both Death and Survival Benefits.
Simple Reversionary Bonus is payable on Policy Maturity or on earlier death.
Survival Benefit 15% of the Sum Assured is payable at the end of 5, 10, 15 and 20 years and the remaining 40% of the Sum Assured is payable on maturity at the end of 25 years
Optional higher cover through Riders
COMPARE THIS PLAN WITH OTHER MONEY BACK PLANS
Benefits you get from LIC Money Back Policy - 25 years
Death Benefit – In case of death of the Life Insured, the nominee receives the full Sum Assured irrespective of what payment has already been provided + accrued Bonus
Survival Benefit – The Life Insured would receive The following Survival Benefit
Maturity Benefit – At the maturity of the policy, the insured will get the remaining 40% of the Sum Assured along with accrued Bonus Income Tax Benefit – Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)
Eligibility conditions and other restrictions in LIC Money Back Policy - 25 years
Sum Assured (in Rs.)
Policy Term (in years)
Premium Payment Term (in years)
Entry Age of Life Insured (in years)
Age at Maturity (in years)
Premium (in Rs.)
Yearly, Half-yearly, Quarterly, Monthly and SSS
Sample illustration of premium of LIC Money Back Policy - 25 years
The below illustration is for a healthy Male (non-tobacco user) opting for a Age : 30 years, 35 years & 40 years. Sum Assured: Rs 1,00,000 Policy Term : 25 years.
Additional Features and Benefits of LIC Money Back Policy - 25 years
Riders - There are 3 additional riders in this plan
Accidental Death Benefit Rider of Re 1 per Rs 1000 Sum Assured.
Critical Illness Rider
What happens if?
You stop paying the premium – If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions.
You want to surrender the policy – There is a Guaranteed Surrender Value after 3 policy years
Guaranteed Surrender Value = 30% of all premiums paid – 1st year’s premium
You want a loan against your policy – Loan facility is not available under this policy