New Money Back Plan


Lic New Money back Plan table 821 for 25years is limited premium payment, non-linked, with profits Money Back Plan. It is suitable for Individuals who wants regular money back on premium paid. So that they can recycle their own money.

Death Benefit for Table 821:

  • Sum Assured on Death +Vested Bonus +Final Additional Bonus if any.
  • Sum Assured on Death will be higher of 125% of Basic SA or 10 times of annualized Premium.
  • Death Benefit will not be less than 105% of total premiums paid as on date of death.
  • The premiums exclude taxes, extra premium and rider premiums.

Survival Benefit for Table 821:

  • 15% of Basic SA is payable after 5th, 10th, 15th, & 20th year of policy.

Maturity Benefit for Table 821:

  • 40% OF Basic Sum Assured + Vested Bonus + FAB if any.

Features and Conditions for Table 821:

  • Minimum age at entry: 13 years lbd
  • Maximum age at entry: 45 years nbd
  • Max. age at maturity: 70 years nbd
  • Policy term: 25 years
  • Premium Paying term: 20 years
  • Minimum S. A.:  Rs 1,00,000/- & In multiples of Rs.5,000 thereafter.
  • Maximum S. A.: No limit

Available Riders for Table 821:

  • Accident & Permanent Disability Benefit Rider available for full policy term. Premium Rs.1.15% payable for 20 Years.

Mode of Payment for Table 821:

  • Yearly, Half Yly, Qly & Mly (SSS & ECS)

Policy Loan for Table 821:

  • Available after payment of premium of 3 full years.

Revivals for Table 821:

  • Within 2 years of FUP.

Proposal Form for Table 821:

  • Form 300 or Form 340.

Service Tax for Table 821:

  • 1st year of policy      : 3.09%
  • 2nd year onwards      : 1.545%

Tax Benefits for Table 821:

  • On Basic Premiums      : u/s 80C
  • SB/Maturity/Death claim  : u/s 10(10D)
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