LIC’s Money Back Policy 25 years is a non-linked plan that gives pay-outs at specific intervals. These pay-outs are made during the policy tenure as a certain percentage of the basic sum assured.
Features
1) Risk coverage: 125% of Basic Sum Assured.
2) Liquidity at different stages: – 15% of basic Sum Assured on 5th, 10th, 15th, 20th policy year.
3) Maturity benefit: 40% of Basic Sum Assured + Bonuses after 25 years.
4) Limited Payment term: 20 years only
5) Option to Death and Maturity Benefits in installments.
6) Loan and Surrender available after 2 full years premium payment.
7) Optional riders available are –
A. Accidental Death and Disability Benefit Rider B. Accident Benefit Rider
C. Term Assurance Rider D. Critical Illness Rider