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Plan No. 921
  • LICís New Money Back Plan offers the Guaranteed pay-outs along with Life cover
  • This plan offers guaranteed tax-free 15% of Sum Assured in 5th, 10th, 15th & 20th Year of the policy. The premium payment term in this plan is 20 years.
  • This plan offers the Guaranteed risk cover of 125% of Sum Assured from Day 1
  • On Maturity you will get tax-free Guaranteed 40% of Sum Assured along with vested reversionary bonus. LIC declared the bonus every year
  • This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
  • LIC also offer the discount in the premium in case the mode of payment is Yearly.
  • The loan is also available to the policyholder after the completion of 2 years of the policy
  • Settlement option available on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 13 Years (Completed) 45 Years (Near Birthday)
Policy Term 25 Years
Premium Payment Term 20 Years
Basic Sum Assured Rs.1 Lac No Limit
Maximum Maturity Age 70 Years Completed
Rider LICís NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
Rider LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
Rider LlC's ACCIDENT BENEFIT RIDER
Rider LIC's NEW TERM ASSURANCE RIDER (TR)
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