Read Review of LIC money plans Full Guide
LIC money back plan could be a popular insurance policy in India. In contrast to the endowment plan on the back of the established money you will get benefits like periodic payments during the policy period until the policy holder survives. LIC money-back policy is available for a maximum term of policy of 20 to 25 years, while some other money back plans could have less than this policy term.
LIC offers different types of money Back Plans As the LIC money back policy twenty years, LIC Jeevan Shagun policy etc. You can choose any of them according to your needs. An important feature of the LIC money repayment plan is that in case of unlucky death of the policy holder at any time throughout the company policy can pay the total sum insured without deducting any amount of the survival benefits.
Read Review of LIC money plans Full Guide
In the same way, the bonus is calculated additionally on the total sum insured. If you received the LIC money back plan once you win, you will get your edges periodically during the policy period that can help you in critical situations that do not affect your routine life.
A percentage of the insured maturity amount will be payable by surviving until the end of the specified duration at maturity. LIC money back plan additionally takes care of the liquidity you want through your loan facility. In addition, you will get additional rider benefits in the LIC money back schemes.
Benefits of the LIC money back plan
The different benefits available in the LIC money back plan are:
Death benefit: Upon death of the Insured of the insured person during the policy period the company will pay the insured sum plus additional benefits to the candidate.
Expiration Benefit: If you have paid all premiums due until the end of your policy period, a lump sum amount will be paid as an expiration benefit.
LIC Money Back List of plans
For example, if you have chosen by the twenty year money back policy, 200 of the sum insured are paid periodically every 5.10 and 15 years and the remaining balance plus bonus extra are paid in year 20 in the plans of Money back LIC.
If you have received the LIC refund policy for a period of 25 years, on August 15, 1945 the insured sum will be paid every five, 10, 15 and 20 years, and the remaining balance and the additional premium are paid In the 25 year.
LIC Money Back Policy 20 years
LIC 20 year money back policy can be an unrelated life insurance policy. Offers protection against death, guaranteed returns and bonus. LIC 20-year money back policy additionally takes care of the liquidity you want through your loan facility and there is high bond and high liquidity and saving point.
LIC 25 year money back policy
LIC 25 year money back plan could be an unrelated life insurance plan that offers guaranteed bond and returns .LIC 25 year money back policy provides protection for both savings and insurance. At the back of the money 25 years the partial survival edges of the insurance plan mean that a certain percentage of the insured sum will be paid to the insured periodically during the term of the policy.
LIC Jeevan Shagun
The LIC Jeevan Shagun money-back scheme could be a one-time money back policy. LIC Jeevan Shagun policy Provides high level of death coverage as Jeevan Saral during the policy period. In LIC Jeevan Shagun Policy, the policy holder has an option to choose the sum of the Insured maturity based on the single premium set. Special feature of this policy is that, at the time of taking the policy itself, we will know the amount of expiration we get when the term of the policy.
LIC New policy of Bima Bachat
LIC The new Bima Bachat Policy can be a protection and savings plan of unrelated participation. Provides financial protection against death of the policy holder for the entire policy period. LIC Bima Bachat plan is a unique premium LIC money back set is a traditional insurance plan where a certain amount of money is paid at periodic intervals.
LIC New Children Money Back Policy
LIC New Children Money Back Policy is an unrelated plan, this plan is specially designed to meet various financial needs of children through survival benefits. LIC New children’s money-back policy is a regular payment of new plan money premiums. LIC New children’s money-back policy provides risk coverage in the child’s life during the term of the policy and additional survival benefits on children’s survival up to the end of the policy period