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- LIC's New Money Back Plan 20 years is a non-linked with profit limited
premium payment plan
- Maturity Benefit :
- 40% of the basic Sum Assured along with vested Simple Reversionary Bonuses and Final
Additional Bonus, if any
- Death Benefit :
- Sum Assured on death along with vested Simple Reversionary Bonuses and Final Additional
Bonus, if any
The death benefit as defined above shall not be less than 105% of total premiums
paid as on the date of death.
- Survival Benefits :
- In case of Life Assured surviving to the end of the specified durations 20% of the
Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
- Optional Benefit :
- Accidental Death & Disability Benefit Rider
- Loan Available after payment of 3 full years premiums
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Eligibility Criteria
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Min
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Max.
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Age
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13
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50
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Term
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20
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-
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Sum
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1,00,000
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No Limit (The Basic Sum Assured shall be in multiple of Rs. 5000/-)
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Premium Modes
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Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)
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Yearly Premium for 1000000 Sum Assured
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Age
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Term 20/15
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25
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76063
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30
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76821
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35
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78235
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40
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80710
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