Review lic new money back plan 20 years lic plan 820 benefits. Also, a simple reversionary bonus is payable on maturity. Policy holder are not satisfied under the policy condition or like coverage etc. Listed below are the money back plans offered by lic. Lics new money back plan20 years is a participating nonlinked plan which offers an. In this plan premium needs to be paid for a period of 20 years while the policy continue for 25 years. Lic s new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Premium in this plan needs to be paid for a period of 15 years while the policy continues for 20 years. This is a money back type assurance plan that provide financial protection against death. Apart from this money back policy, lic has another money back plan with 20 years of the term.
Lic new money back plan 820 20 years, lic table no 820 20 years is a traditional life insurance policy which offers guaranteed return and bonus with savings. Life insurance corporation of india new money back plan20. Lic s insurance plans are policies that talk to you individually and give you the most suitable options that can fit your requirement. Lic new money back 20 years 820 sample calculation.
Lic new money back policy 20 years is a nonlinked plan, which provides protection against death during policy term and payment on survival periodically at specified duration during the term. Lic new money back plan 25 years lic table no 821 is a traditional life insurance policy which offers guaranteed return and bonus with survival benefits. If you have already invested in a money back plan, be it from lic or hdfc or sbi life for 5 years or 25 years, you are stuck. Policy can be taken by anyone between to 40 years of age for a fixed tenure of 20 years. Lic s new money back plan 20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. The lic new money back plan 20 years was floated on january 6, 2014 to cater to the financial needs of the business and the salaried class of indians. For the year 200405 the two rates of investment return declared by the life insurance council are 6% and 10% per annum. Lic s new money back plan 20 years is a nonlinked participating policy which in addition to periodic payment on survival at specific periods during the term.
Lic new money back plan 25 years call9891009400lic best plan. Each individuals insurance needs and requirements are different from that of the others. Money back policy best lic for 5152025 years moneychai. Believe me you, it is the worst instrument for investment. Lic money back plan 20 years compare features and benefits of new money back 20 years no. Please use above calculator to calculate premiums and benefits as per your age, term and sum assured sa.
The lic money back plan 20 years 820 is an endowment plan, released on 6th january 2014 as per the guidelines of irda. This unique combination provides financial support for the family of the deceased policyholder any. Life insurance corporation of india new money back plan. Maturity calculator lic money back plan 20 years 820. Lic new money back policy 20 years details and kyc. Lic new money back 20 years 820 premium calculator get. As per the guidelines of irda the lic money back policy 25 years 821 plan was released on 6th january 2014. Full details 2020 lic money back 20 years plan 820 policy. Under this new plan, policyholder needs to pay premiums for 20 years for policy tenure of 25.
Lic new money back policy 25 years is a nonlinked insurance plan which provides benefits and bonus at the end of the policy term or sudden death of the life assured. Lic s new money back plan 20 years is a simple participating anticipated endowment plan. Life insurance corporation of india lics new money back plan. Best 5 lic policies to invest in 2020 policybazaar. This number has to be quoted in all relevant documents furnished to the policyholders and other users public, distribution channels, etc. Lic childrens money back plan 832 premium calculator. Lic new money back plan 20 years plan no 920 endowment plan premium and maturity calculator calculate your lic new money back plan 20 years plan no 920 endowment plan premium and maturity returns offered by of lic of india based on your past history.
Lic new money back plan 20 years call9891009400, full. This unique combination provides financial support for the family of the deceased policyholder any time before. Lic new money back plan in hindi summary of lic new money back plan 25 years table no 821. Lic new money back plan 20 years is a nonlinked participating insurance plan. Premium in lic new money back plan 20 years plan needs to be paid for 15 years.
Unlike ordinary endowment insurance plan where the survival benefits are payable only at the end of the endowment period, this scheme provides periodic payments of partial survival benefits as follows during the term of the policy. For longterm money back policy, you can opt lic money back plan for 25 years. The company has introduced a new insurancebased plan, and that is the lic new money back plan 25 years plan no. Full details lic money back 20 years plan policy 820 in hindi. Before going into details, here are the reasons why you should not invest in it.
Life insurance corporation of india money back with profit lic. Apr 01, 2016 life insurance corporation of india lic has decided to launch lic new children money back policy plan no. Apr 01, 2016 lic money back policy 20 years is a nonlinked life insurance policy which offers guaranteed returns and bonus. Lic new money back plan 20 years is a nonlinked life insurance policy which offers guaranteed returns and bonus. Lics new money back plan20 years is a simple participating anticipated endowment plan. The unique identification number ijin for lics new money back plan 20 years is 512n280voi.
Life insurance corporation of india insurance plan. Lic new money back plan20 years plan no 920 premium. This is a fixedperiod nonlinked participating plan which protects the policy holder against death besides disbursing a periodic payout upon survival at twenty percent of sum assured upon. This plan being a 20 years tenure has 20 year schedule of survival and maturity benefits to be paid.
Life insurance corporation of india established by the life insurance corporation act, 1956 lics new money back plan 20 years with profits uin. This plan is specially designed to help parents to meet educational expenses of their children through the survival benefits available at specific intervals. Lics new money back plan 20 years is a nonlinked participating policy which in addition to periodic payment on survival at specific periods during the term. If the life assured lives through the entire plan period and the policy attains its maturity state then heshe would be provided a high maturity amount. Lic money back plan no 820 in hindi with new riders life. Full details 2020 lic money back 20 years plan 820. Lic money back plan821 lic bangalore lic india best. Apr 01, 2016 lic money back policy 20 years example mr.
Jun 27, 2017 childrens money back plan plan 832 is one of the most popular childrens plan from life insurance corporation lic of india. Lic new money back policy 20 years plan details, benefits. New childrens money back table832 following premiums are sample and calculated as per parameters given in first table. Maturity benefits in lic money back plan once the policy completes its 20 year tenure and the life assured has successfully paid all the premium amounts then the policyholder would be awarded a high monetary value in the form of maturity benefits. As part of the policy, 20% of sum assured is paid as survival benefit at the end of 5, 10 and 15 years. Lic new money back plan 20 years 820 premium, maturity calculator calculate your lic new money back 20 years 820 policy premium and maturity returns offered by of lic of india based on your past history. Jeevan shiromani table847 new money back 20 years table820 new money back 25 years table821 children plans. For example, if you have chosen for 20 year money back policy, 20 % of the sum assured will be payable periodically each after 5,10 and 15 years and the remaining balance plus additional bonus will be paid at the 20th year in lic money back plans. Maturity calculator lic money back plan 25 years 821. This plan provides death benefit as well as other benefits and is a participating nonlinked plan.
Lic new money back plan 20 years 820 premium calculator. Money back 20 years by lic of india, money back policy 20. In the case of a 20year moneyback policy table 75, 20% of the sum. Policy document attached file is in pdf document format. Lic children money back policy is a nonlinked policy.
It offers an attractive combination of protection against death along with the guaranteed returns at specified durations on survival of policy holder during the policy term. Premium in this plan needs to be paid for a period of 20 years while the policy continues for 25 years. Unlike ordinary endowment insurance plans where the survival benefits are payable. Lic new money back plan 20 years 820 lic agent in delhi. If you are seriously searching for best money back policy, this article is for you. Lics new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Lics new money back plan 20 years is a nonlinked withprofits limited premium payment plan.