As part of the policy, 20% of sum assured is paid as survival benefit at the end of 5, 10 and 15 years. Old lic plans revised with features to benefit policy holders. Application form proposal form along with the photo. I am paying the premium through online and the policy tenure is for 15 years and the premium is paid on quarterly basis. If you have taken lic money back policy for a term of 25 years, 15% of the sum assured will be payable each after 5, 10, 15 and 20 years. An insurance policy for children can be a good way to save money for their future. If you have taken lic money back policy for a term of 25 years, 15% of the sum assured will be payable each after 5, 10, 15 and 20 years, and the. Is there such a thing as cheap life insurance policies. Lic new money back plan 20 years is a nonlinked life insurance policy which offers guaranteed returns and bonus. Buy lic children plan, best lic policy for new born baby girl or boy. Life insurance corporation of india new money back plan20.
Lic premium calculator calculate complete premium of your. Lic money back 20 years policy premium calculator helps you to calculate the premium that has to be paid to get all the benefits available under this plan and maturity amount that you will get on maturity of your policy. Usually all forms are available in lic branch office, but here you can download it also. Lic surrender value, check the surrender value of your policy. For longterm money back policy, you can opt lic money back plan for 25 years. Visit your lic branch with the filled and signed lic policy surrender form. Money back life insurance plan provides for periodic payments during its tenure, it gives back money to policyholder at different points in time usually 45.
Life insurance corporation of india money back plans moneyback plans provide life cover during the term of the policy. The documents required for buying lic new money back plan 20 years are listed below. Money back policy best lic for 5152025 years moneychai. Lic plans pdf download, lic policy brochure download, lic plan details pdf. The process to surrender the policy is pretty simple. Also, a simple reversionary bonus is payable on maturity. The lic new money back policy can be surrendered only after it accrues cash value after payment of 3 years of premiums. Lic childrens money back plan 932 for baby girl pdf download lic childrens money back plan 932 pdf download lic jeevan labh plan 936 policy term 16 years pdf download. Lic money back policy 20 years is a simple money back plan or an anticipated endowment policy.
Life insurance corporation of india new money back plan. Liclife insurance corporation of india, lic of india, lic. Final additional bonus fab is an additional bonus which is paid in participating policies, other than the simple reversionary bonus. Lic premium calculator is a free tool for customers and insurance advisors to calculate premium of various lic plans. These two are the new versions of old plans moneyback plan 20 yrs no. The person legally entitled to receive the policy monies should give intimation of death of the policyholder to the servicing branch. Leave your email id below to receive lic existence certificate in you email. This plan being a 20 years tenure has 20 year schedule of survival and maturity benefits to be paid. Final additional bonus fab for lic s policies for year.
When it comes to insurance, since the last 60 years, lic is the most preferred choice for millions of indians. Lic childrens money back policy 832 offers income tax benefit under section 80c and section 1010d. If policy has run for 3 years or more from date or risk, claim form no. As the name indicates, you will get periodical amount in this policy. This is a fixedperiod nonlinked participating plan which protects the policy holder against death besides disbursing a periodic payout upon survival at twenty percent of sum.
In money back plans and the erstwhile anticipated endowment plans now discontinued, the survival benefit falls due once every 5 years after the commencement of the policy. Unlike endowment plan in money back plan you will get benefits as periodic payments during the policy period until the policy holder survives. This unique combination provides financial support for the family of the. Lic money back plan821 this insurance plan is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Click here to download pdf format attached file is in pdf document format. Lics new money back plan20 years is a participating nonlinked plan which offers an. Home products insurance plan new childrens money back plan new childrens money back plan plan no. Lic new money back plan 20 years is one of the money back plan being offered by the company which offers protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the. Traditional participating anticipated endowment plan with money back facility. This unique combination provides financial support for the family of the deceased policyholder any time. Lic new bima gold plan table 179 is a combination of a money back plan and endowment plan.
Here you can download lic childrens money back plan 932 policy. The amount equal to the total amount of premiums paid excluding extra premium, taxes, and rider premium is payable. Apr 01, 2016 lic money back 20 years policy introduction. Apr 01, 2016 money back policy is a popular insurance policy offered by life insurance corporation of india. Check out the pdf below for the existence certificate for lic annuity. Thus, it is a traditional money back plan with scheduled payments and bonus facility. Existence certificate existence certificate lic term plan. Hdfc life super income plan is a participating regular money back policy plan in india with guaranteed benefits plus bonuses to best plan your investment needs. Lic plan presenter from insurancefunda is an excel based plan presentation software which can help you to get a clear idea of all popular plans from lic. It offers life coverage during the term of the policy and the maturity benefits are paid in installments by way of survival benefits in every 5 years. There are several forms related to lic new policies, lic old policy servicing like, surrender,loan etc. Lics new money back plan 20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.
The calculators also provide projected maturity and risk cover amounts as per recent bonus rates. At this step, you have to provide the policy details and your communication details that include email and mobile phone numbers. New childrens money back table832 following premiums are sample and calculated as per parameters given in first table. Final additional bonus is paid only once in the policies resulting into claim by maturity or discounted claim surrender of policies with one year preceding the date of maturity or death claim, during the period 01012016 and ending 9 months from the date of. Downloads lic forms lic insurance plan info 2019 20.
Policy document attached file is in pdf document format. Unlike endowment plans, these money back plans provides partial survival benefits as periodic payments during the. A money back return based on the policy term will be paid once every 4 years. This plan is designed to help parents meet the expenses of a growing child. Lic money back plan is a popular insurance policy in india. There are two types of risk coverage for this lic new childrens money back plan. This is a participating unlinked policy that gives money back every 5 years until death of the policyholder or maturity of the policy. For both variants of this policy, the survival benefits are paid in 5year intervals. Lics new money back plan20 years is a simple participating anticipated endowment plan. This unique combination provides financial support for the family of the deceased policyholder any time before. Here in money back plans the maturity benefits are paid in installments. Is the existence certificate available for download. Money back insurance policy sbi life smart money back gold. Lic bima diamond plan 841 features, benefits, details of new money back plan.
Under this new plan, policyholder needs to pay premiums for 20 years for policy tenure of 25. Yes, you can download the existence certificate in pdf here. Please use above calculator to calculate premiums and benefits as per your age, term and sum assured sa. In the 20year money back policy of lic, you will get 20% of the sum assured at the end of 5 th year, 10 th year and 15 th year. In money back plans and the erstwhile anticipated endowment plans now discontinued, the survival benefit falls due once every 5 years after the commencement of the policy within the term of the policy. Lic s new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Money back policy compare money back plans, features. Lic new children money back plan best child insurance plan. New business related forms of lic download pdf claim related forms of lic download pdf. In addition, the childrens life is also insured by this policy. The money back with profit plan from life insurance corporation of india lic comes in two variants a 20year variant plan 75 and a 25year variant plan 93.
Policy can be taken by anyone between to 40 years of age for a fixed tenure of 20 years. The increase in premium for money back policy is around 56%. For example, if you have chosen for 20 year money back policy, 20% of the sum assured will be payable periodically each after 5,10 and 15 years and the remaining balance plus additional bonus will be paid at the 20th year in lic money back plans. Life insurance corporation of india money back with profit lic. Lic childrens money back plan 932 for baby girl pdf download. The surrender value, amount that you will receive if you surrender the policy before its term maturity is calculated as policy terms. Mar, 2019 lic plan presentation software free download. Call us if you need to submit your lic life certificate 9891420503. The company has introduced a new insurancebased plan, and that is the lic new money back plan 25 years plan no. Hdfc life super income plan has been awarded as the best product innovation at the indian insurance awards, 2014. Invest your present in a safe future lic plans, invest your present in a safe future protect your family with affordable life insurance from lic life insurance corporation of india of india.
Once the tenure is completed will get money and this policy is taken for family benefits. Get details about lic childrens money back plan for baby girls. This plan provides death benefit as well as other benefits and is a participating nonlinked plan. Lic new children money back plan is designed for the child education and future benefits. Lic premium calculator calculate complete premium of.
Premium needs to be paid till the end of policy maturity. For a moneyback policy of 25 years table 93, 15% of the sum assured becomes payable each after 5, 10, 15 and 20 years, and the balance 40% plus the. Lics new money back plan 20 years is a simple participating anticipated endowment plan. Get complete detail of lic money back plan 820 and 821. Liclife insurance corporation of india, lic of india.
Lic new children money back plan 832 is a nonlinked, withprofit, regular premium payment money back plan. In this policy, if the life insured survives then he would receive 20% of the sum assured at the end of 5, 10 and 15 years and the remaining 40%. The maturity benefit payment is done in instalments through survival advantages every 5 years. Money back policy is a popular insurance policy offered by life insurance corporation of india. This unique combination provides financial support for the family of the deceased. Visit the lic home page and click on the link by the name of lic eservices that is available on online services click on the tab new user.
It can help to compare all the benefits of plans such as insurance coverage, tax benefits, loan availability, maturity benefits etc. New endowment t814 jeevan anand t815 new bima bachath t816 single premium endowment t817 new money back plan t820. Apr 01, 2016 lic money back 20 years policy premium calculator. Unlike the pure life cover policy, the lic new money back plan includes death benefits as well as other benefits namely the survival and maturity benefits and profit participation. Maturity calculator lic money back plan 25 years 821. An amount equal to 20% of the basic sum assured is given as money back, while at maturity you get the remaining sum assured and bonuses that have accumulated on the scheme. The surrender value of each policy is different and can only be calculated by the lic branch. Lic plan presentation software free download insurance funda. Lic money back policy premium calculators the moneyback policy from life insurance corporation in india lic is a most popular insurance policy in india.
You can buy the lic new money back policy 20years from the nearest lic branch office or through online at the lics official website or from the lic agent. This policy offers security protect your familys future. This is a non unitlinked insurance traditional plan where the money is paid as predecided intervals. Maturity benefits in lic money back plan once the policy completes its 20year tenure and the life assured has successfully paid all the premium amounts then the policyholder would be awarded a high monetary value in the form of maturity benefits. This was a money back policy of jeevan bhima and the agent shared all the relevant information about the policy. Life insurance corporation of india download forms lic. Lic plans pdf download, lic policy brochure download, lic. Jul 11, 2016 lic money back policy 20 years buying procedure. When you are doing to have lic policy you have to fill a proposal form along. Life insurance corporation of india download forms. Lics new money back plan20 years is a participating nonlinked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Lics new money back plan 20 years is a nonlinked participating policy which in addition to periodic payment on survival at specific periods during the term. Invest in sbi life smart money back gold insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life. Lic childrens money back plan 832 premium calculator.
Lic money back plan821 lic bangalore lic india best. Lic new money back 25 years compare features and benefits of new money back 25 years no. Yearly, half yearly, quarterly and monthly premiums calculated by the above calculators are according to prevailing goods and. Here you can download lic policy pdf and see complete details about lic plans. The policy also pays out an accrued bonus at maturity of the policy tenure. Premium in this plan needs to be paid for a period of 15 years while the policy continues for 20 years. Please contact our branch office or call us to know the current applicable interest rate. Lic money back policy provides coverage during the policy term. Know about lic childrens money back plan 932 download. Life insurance corporation of india insurance plan lic. Lic money back policy 20 years is a nonlinked life insurance policy which offers an attractive combination of protection against death,guaranteed returns and bonus. Jul 12, 2016 lic new children money back plan 832 benefits. A non linked participating limited pay money back life insurance plan. I have taken life insurance policy directly through lic agent.