B.O. 11K , 12/56, D.R.Chambers, D B Gupta Road Karol bagh (Near Karolbagh Police station) New Delhi -110005

New Money-back plan 25 (T-821)

Home Policies PoliciesNew Money-back plan 25 (T-821)

Now About New Money-back plan 25 (T-821)

Calculate your Premium for this plan

LIC’S New Money Back Plan (T-821) 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.

KEY FEATURES:

  • Cover from age group 13 to 45 years.
  • Risk Cover Up to 125% Of Basic Sum Assured
  • Survival Benefits (Money Back) Of 15% Of Basic Sum Assured For 5th, 10th, 15th & 20th Year And Final Maturity At the End of 25th Year.
  • Eligible for all Bonuses and Final Addition Bonuses declared by LIC.
  • Term Rider Benefit Available
  • Double Accident Rider Available.
  • Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,,000 and Maturity is also Tax Free under section 10(10D)).
  • Loan and Surrender Facility Available.

Maturity Benefit:

  • 15% of Basic Sum Assured is Payable After 5th, 10th and 15th & 20th year of Policy, And at Maturity 40% of Basic Sum Assured + Vested Bonus + FAB.

Death Claim Benefit:

  • Sum Assured on Death (125% of Basic Sum Assured) + Vested Bonus + FAB, if any

Eligibility Criteria:

Minimum Age to Apply 13 Years (Completed)
Maximum Age to Apply 45 Years (Nearest Birthday)
Policy Term 25 Years
Premium Payment Term 20 Year (Fixed)
Maximum Maturity Age 70 Years
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS)
Basic Sum Assured 100000 and above ( in multiple of 5000)
Loan After 3 years
Surrender After 3 years of full premium payment

An Illustration: