LIC New Money Back Plan 25 years
LIC New Money Back Plan 25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.
This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
LIC New Money Back Plan 25 years details :
Death Benefits: Higher of 125% of Basic Sum Assured + simple Reversionary Bonus + Final additional Bonus (if any)