LIC Agent in Nagpur

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LIC Money Back plan

                                 This is a money back plan which provides periodical returns of survival benefits during the policy term. In this plan 20% of the sum assured is payable at the end of 5th,10th and 15th year of the policy term, and the balance of 40% plus the accrued bonuses becomes payable at the 20th year.
                                 In the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full sum assured. 


Features


  • Survival Benefits are paid periodically
  • Balance of the sum assured along with accrued bonuses is paid at the end of policy term 
  • Premium payment term is only 15 years
  • Double Tax Benefit u/s 80 C and u/s 10 D
  • Death risk cover is 125% of the basic sum assured
  • Additional accidental sum assured
  • Loan is available against this plan

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