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LIC New Money Back Plan 20 Years (Table 820), Its like an endowment policy, also securing the Policy Holder in the form of Risk cover for entire policy period, LIC Money Back Policy 15 years paying term and 20th year policy matured(15/20), Money Back Insurance plan gives 20% of Basic Sum Assured as a survival benefit for every 5 years once (like 5th, 10th, 15th year) upto the policy period, On 20th year Finally 40% of Sum Assured + Bonus + final addition bonus if any are paid. In the happening of demise within the policy tenure, the claim will be settled full sum assured without reducing of the survival benefit amounts are already been paid to the policy holder, the bonuses are calculated on the full sum assured. Also Have an option can take care of liquidity needs by the loan facility. Before buy the policy Know the Eligibility, Sum Assured, policy details, policy new features, benefits, reviews, life insurance coverage, maturity Benefits, premium calculator, maturity calculator, premium chart, return calculator, tax Benefits under Section 80(C) and Section 10 (D). Generally New Money Back LIC Policies are inbuilt Accidental Death and Disability Benefit Rider. PolicyandFunds.com is one of the top & best LIC Agent in Chennai, provides good customer services to choose perfect Life Insurance Plans in India.
LIC New Money Back Plan Policies are the best tool to achieve Short-Term as well as Long-Term Financial Goals & for Retirement savings. LIC Policy gives highest return of bonus, final addition bonus in the Life Insurance Industry of India, this policy helpful to to double the money easily, plans are also helps for girl or boy baby child future Higher Education, Carrier, future Marriage.
Sample premium rates declared below in table (excluding service tax) per Rs. 1000/- Basic Sum Assured (SA):
|Age(in years)||Premium (Rs.)|
Free Look Period: Policy holder are not satisfied under the policy condition or like coverage etc., policy holder have the options to cancel the policy within the period of 15 days from date of receipt, provided any claim happen LIC will not be paid.
Exclusions: Suicide committed within one year (12 months) of policy period from the date of commencement of risk, LIC will not pay any claim under this policy except for to the extent of 80% of the premiums paid excluding any taxes, extra premium and rider premiums, if any, provided the policy is in force.
Documents Required: Proposal Form 300/340 shall be filled under this plan with exact medical history, and also other proof of documents are required to completed the policy, like address proof and other Know your customer (KYC) documents. Additionally Medical test may required based on the sum assured also the age of the person wants to take the policy
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