New Money Back Plan

  • LIC’s New Money Back Plan offers the Guaranteed pay-outs along with Life cover
  • This plan offers guaranteed tax-free 20% of Sum Assured in 5th, 10th & 15th Year of the policy. The premium payment term in this plan is 15 years.
  • On Maturity you will get tax-free Guaranteed 40% of Sum Assured along with vested reversionary bonus. LIC declared the bonus every year.
  • This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
  • This plan also has the option of taking the Maturity proceeds in installments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in installments.
  • LIC also offer the discount in the premium in case the mode of payment is Yearly.
  • The loan is also available to the policyholder after the completion of 1 year of the policy

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