Introduction

This plan provides a life cover in the event of unfortunate death of the policy holder. This is a low premium paying option for any life insurance.

Why Money Back Plan

This policy not only covers the life of the policy holder but also provides a better pay-out plan during maturity.

Key Features

Loan can be provided on the policy and the company will take care of the liquidity.

Death Benefits

This policy provides a125% return on the death of the policy holder or 10 times the annual premium paid.

Survival Benefits

This policy pays out a certain percentage of the sum assured at every 5 years of the policy term. 40% of the sum assured will be paid at the time of maturity.

An Illustration: At the Basic Sum Assured (BSA) of 8 Lac

“MONEY BACK COMBO”
Age Per Year Saving(Approx.)₹ Return after term of Return amount
18 Years 47005 4.5 Years 30,000
20 Years 47221 5 Years 40,000
22 Years 47436 9.5 Years 30,000
25 Years 47846 10 Years 40,000
28 Years 48337 14.5 Years 30,000
30 Years 48776 15 Years 40,000
32 Tears 49279 19.5 Years 30,000
35 Years 50221 20 Years 244,000
38 Years 51430 23 Years 4,75,400
40 Years 52402 24 Years 5,05,200
42 Years 53518 24.5 Years 3,45,000

Disclaimer: “Money-Back Combo” is a concept name only and it’s not a direct product of LIC, this is a combination of Plans and the Plans used for this combination are of LIC of INDIA.