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LIC New Children Money Back Policy (Table 832) It’s quite different from an endowment policy, under this policy life insurance covers the life of your child, and Money Back (Survival Benefits) in the years of 18th, 20th, 22nd, Finally 25th year Maturity with Lump Sum (Sum Assured + Bonus + final addition bonus if any are paid), also if wants liquidity have an option to go for loan facility against policy, premium weaver benefit if parent demise LIC India auto pay rest of the years (its optional to add). 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 Children Money Back Plan Policies are the best tool to achieve Long-Term Financial Goals & for Children’s (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):
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.LIC New Money Back Policy 20 Years Details and KYC
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 300/340/360 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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