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.
Policy Term Total 25 years | Survival Benefit |
End of 5 years | 15% of Sum Assured |
End of 10 years | 15% of Sum Assured |
End of 15 years | 15% of Sum Assured |
End of 20 years | 15% of Sum Assured |
Check the Bonus rate of LIC Money Back Policy - 25 Years
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)
Maximum | Minimum | |
Sum Assured (in Rs.) | 50,000 | No Limit |
Policy Term (in years) | 25 | |
Premium Payment Term (in years) | 25 | |
Entry Age of Life Insured (in years) | 13 | 50 |
Age at Maturity (in years) | - | 70 |
Premium (in Rs.) | Nothing Specified | |
Payment modes | Yearly, Half-yearly, Quarterly, Monthly and SSS |
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.
Riders - There are 3 additional riders in this plan