LIC New Money Back Plan 25 YEARS
Maturity Calculator
LIC New Money Back Plan 25 years Maturity Calculator (921) is a practical tool for policyholders to estimate their survival and maturity benefits from this 25-year insurance plan. By entering key information such as sum assured, age, and policy term, users can easily calculate the expected payouts they will receive at the end of the 5th, 10th, 15th, and 20th years, along with the final maturity benefit at the end in LIC New Money Back Plan 25 years plan.
LIC New Money Back Plan Summery
LIC’s New Money Back Plan 25 Years - Eligibility
- Policy Term:Â 25 years.
- Premium Paying Term: 20 Years.
- Min. Basic Sum Assured:Â Rs. 1,00,000/-
- Max. Basic Sum Assured:Â No Limit.
- Min. Entry Age:Â 13 years.
- Max. Entry Age:Â 45 years.
- Maximum Age at Maturity:Â 70 years.
- Premium Payment Options:Â Yearly, Half-yearly, Quarterly & Monthly.
- Accidental Death & Disability Benefit Rider: Available on payment of extra premium.
LIC’s New Money Back Plan 25 Years - Benefits
- On Death: Sum Assured + Bonus + Final Additional Bonus (FAB) if any,
where sum assured on death:
     105% of all premium paid or 7 times of Annualized Premium, whichever is higher.
- On Survival: 20% of Sum Assured is payable after 5th, 10th,15th and 20th year of policy.
At Maturity 40% of Sum Assured + Bonus + Final Additional Bonus (FAB) if any. - Surrendered Value: The Policy can be surrendered after completion of minimum of two full years of premiums been paid.
- Loan: Loan Facility is available only after payment of premiums for at least two years.