LIC Money Back Plan Details
Life Insurance Corporation of India re-launched Money Back Plan on 1st February 2020. In this post, Plan Example, Term wise plan details and Pamphlet are given for Money Back Plan of LIC.
Plan Example:
Suppose a person with a age of 18 years want to buy an insurance plan of 2 lakh of money back plan (820) then he/she need to pay 1314 monthly premium. On completion of 5 years of policy term he/she will get 40000 rupees as money back. similarly on completion of 10 years terms he/she will get 40000 rupees as money back. also on completion of 15 years he/she will get 40000 rupees as money back and policy premium will be stop. on completion of 20 years her/his policy will get matured and he/she will get 244000 rupees.
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| Example-1 |
Example-2
Term wise Plan Details:
Money back plan (20) is available for single fixed term of 20 years and proposer need to pay premium for 15 years only.
Plan Pamphlet:
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