New Money Back Plan 25 Years

• LIC’s New Money Back Plan is a comprehensive offering that combines Guaranteed pay-outs with Life cover.
• This plan ensures tax-free pay-outs of 15% of the Sum Assured in the 5th, 10th, 15th & 20th year of the policy, providing financial security at regular intervals. The premium payment term for this plan spans 20 years.
• Right from Day 1, the plan offers a Guaranteed risk cover of 125% of the Sum Assured, ensuring immediate protection for the policyholder.
• Upon maturity, you will receive tax-free Guaranteed pay-outs equal to 40% of the Sum Assured, along with vested reversionary bonuses, which are declared annually by LIC.
• Flexibility is a key feature of this plan, as it offers optional add-ons like Accidental Life cover, Disability Benefit, and Critical illness cover, allowing you to customize your policy as per your specific needs.
• To further suit your preferences, the plan allows you to receive the Maturity proceeds in installments over a period of 5, 10, or 15 years, providing you with steady financial support during that time.
• Similarly, the death benefit can also be availed in installments, offering your beneficiaries a regular income stream when they need it the most.
• For customers opting for Yearly premium payments, LIC provides attractive premium discounts, making it a cost-effective choice.
• Additionally, policyholders can avail a loan after completing just 1 year of the policy, providing a convenient financial backup when required.