New Money Back Plan - 20 & 25 Years

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New Money Back Plan - 20 & 25 Years (T-820 & T- 821)

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• LIC New Money Back Plan: This is a money back plan which provides periodical returns of survival benefits during the policy term.
• Double Tax Benefit: u/s 80 C and u/s 10 D
• Death Benefit : Sum Assured + Accrued Bonuses + FAB.
• Accidental Coverage: Additional accidental sum assured
• Loan: is available against this plan
• Policy Term: 20 Years And 25 Years
• Premium Paying Term: 15 Years And 20 Years
• Sum Assured : Min: Rs.1 Lac, Max: No limit
• Survival Benefits for 20 Years Policy Term: At 5th year 20% of Sum Assured, 10th year 20% of Sum Assured, 15th year 20% of Sum Assured, 20th year 40% of Sum Assured + Accrued Bonuses.
• Survival Benefits for 25 Years Policy Term: At 5th year 15% of Sum Assured, 10th year 15% of Sum Assured, 15th year 15% of Sum Assured, 20th year 15% of Sum Assured, 25th year 40% of Sum Assured + Accrued Bonuses.
• Entry Age of Policyholder: Min Age: 13 Years, Max Age: 50 Years.
• Premium Mode: Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
• Sum Assured: Min: Rs.1 Lac, Max: No limit
• Loan: Available after payment of 3 full years premiums
• Surrender Value: Guaranteed Surrender Value (GSV) is available after payment of 3 full years premiums.
• Income Tax Reduction: Available under Section 80C.

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