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Tuesday, January 7, 2014

LIC New Money Back Plan No.821 for 25 years

The LIC has launched a new Money Back Plan. The salient features of the plan are

Sum assured on death shall be higher of 125 % of basic sum Assured.

Liquidity :

a) 25 years :  15 % of  Basis Sum Assured at 5, 10, 15, 20 years.

b) 20 years : 20 % of Basic Sum Assured at 5, 10, 15 years.

Maturity Benefit : 40 % of Basic Sum Assured + Bonuses.

Availibiity of Accidental Death and Disability  Benefit Rider.

Loan Availibility

For 25 years of policy : Age from 13 - 45 years.
For 20 years of policy : Age from 13 - 50 years. 

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