Best Selling LIC Plan

LIC MoneyBack Plan - 820

Step ahead in life with LIC's New Money Back Plan. 'With Profit' - money back plan LIC's New Money Back plan (Plan No 820) offers liquidity as there is "Money Back" at frequent intervals.

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Key Features of LIC MoneyBack Plan

  • LIC Moneyback Plan offers liquidity through frequent returns.
  • Great plan to suit the requirements of a working woman.
  • 20% of sum assured is paid every 5 years.
  • Maturity benefit is 40% of Sum Assured + Bonus accured.
  • Premium payment term of only 15 years.
  • Life cover from 16th to 20th year without any premium payment.
  • Death benefit before policy maturity is Sum Assured + Accured bonus.
  • Policy holder can take a loan against the policy after paying a premium for three years.

This is a Moneyback plan with the option of paying a premium monthly, quarterly, biannually or annually.

Premiums paid towards Moneyback plan is eligible for Tax rebate under Section 80C each year upto Rs.1,50,000. The Survival and Maturity / Death claim paid under Moneyback plan is 100% Tax-free under Section 10(10d)

Eligibility Conditions And Restrictions

  • Minimum Age : 13 Years Completed
  • Maximum Age : 50 years
  • Maximum Maturity Age : 70 years
  • Policy Term : 20 years
  • Premium payment term : 15 years
  • Minimum Sum Assured : Rs,1,00,000
  • Maximum Sum Assured : No limit
  • Premium Payment : Yearly/Half yearly/Quarterly/Monthly/(Through Bank)
  • Loan : Eligible After 3 years
  • On Maturity Sum Assured + Bonus Payable