- LIC's New Money Back Plan 20 years is a non-linked with profit limited premium payment plan.
- Maturity Benefit:
- 40% of the basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
- Death Benefit:
- Sum Assured on death along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
- The death benefit as defined above shall not be less than 105% of total premiums paid as on the date of death.
- Survival Benefits:
- In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
- Optional Benefit:
- Accidental Death & Disability Benefit Rider.
- Loan Available after payment of 3 full years premiums.
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