LIC New Money Back Plan – 25 Years is a non-linked life insurance plan which offers guaranteed returns in installments during policy term and bonus. Premium in this plan has to be paid for a 20-year period, while the policy continues for 25 years.
Frequently Asked Questions
What is the launch date?
Launch date of LIC New Money Back Plan – 25 Years is 9th October, 2013.
Is this policy eligible for bonus?
Yes.
How the survival benefit is paid under this plan?
Survival benefit is paid 15% of Sum Assured at the end of 5th, 10th, 15th & 20th Year.
Can I opt for rider with this plan?
Yes, LIC’s Accidental Death and Disability Benefit Rider is available as an option.
