INSUBCONTINENT EXCLUSIVE:
LIC: Premium paying term for LIC New Money Back Plan 20-Years is 15 years.Life Insurance Corporation (LIC) of India, the country's largest
life insurance company, offers various life insurance products or life insurance policies (LIC Policy)
LIC's life insurance policies include term insurance plans, endowment insurance plans, pension plans and money back plans among others
like unit linked insurance plans
LIC New Money Back Plan-20 Years, is one of the money back plan being offered by the company which offers protection against death
throughout the term of the plan along with the periodic payment on survival at specified durations during the policy term, according to
LIC's website www.licindia.in
(: LIC Jeevan Labh Policy: Premium, Sum Assured, Other Details Here)Here are details of minimum sum assured, premium, eligibility and money
backs being offered by LIC under LIC New Money Back Plan-20 Years:LIC New Money Back Plan-20 Years can be purchased by any individual
Anand Plan: Premium, Eligibility, Benefits, Details HereThe policy term of LIC New Money Back Plan is 20 years and the premium paying term
or the periodic payment on survival under the LIC New Money Back Plan-20 Years is 20 per cent of the basic sum assured at the end of fifth,
LIC policy, if the individual is surviving, 40 per cent of the basic sum assured along with simple reversionary bonuses and final additional
Compared HereIn case the policy holder dies during the policy term and had paid all premiums, the nominee or legal heir of the policy holder
will get 125 per cent of the basic sum assured or 10 times of annualized premium, LIC added
(: LIC Jeevan Pragati Policy: Sum Assured, Premium, Other Details Here)Below are the sample premium rates per Rs 1,000 of basic sum assured
Pradhan Mantri Vaya Vandana YojanaIf premiums are not paid within the grace period then the policy will lapse
A lapsed policy can be revived within a period of two consecutive years from the date of first unpaid premium but before the date of
maturity by paying all the arrears of premium together with interest, LIC added.Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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Election results will be out on May 23.
