LIC New Money Back (25 Years) (721)
Longer term, larger payouts
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About this plan
A 25-year money-back plan with survival benefits every five years and a lump-sum maturity payout with bonuses.
Eligibility
- Entry age: 13 to 45 years
- Fixed policy term: 25 years
- Minimum sum assured: ₹1,00,000
- Survival benefits at end of years 5, 10, 15 and 20
Benefits
- 15% of SA at years 5, 10, 15 and 20
- 40% of SA + bonuses + FAB at maturity
- Full SA on death regardless of survival benefits paid
Important notes
- GST is charged at 4.5% on first-year premium and 2.25% on renewals; a blended rate is shown here.
- Bonus & FAB values are indicative, based on recently declared rates.
- Grace period of 30 days and free look period of 15 days apply per LIC rules.