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LIC Money Back Plan is a conventional plan which provides money back to the client at regular intervals. Money back helps the policyholder to utilize it or to further invest it for better returns as per their requirements.
Let’s check some unique selling points of New Money Back Plan
|Minimum Age to Apply||13 Years (Completed)|
|Maximum Age to Apply||50 Years (Nearest Birthday)|
|Policy Term||20 Years|
|Premium Paying Term||15 Year (Fixed)|
|Maximum Maturity Age||70 Years|
|Premium Paying Mode||Yearly, Half Yearly, Quarterly, Monthly (NACH)|
|Basic Sum Assured||100000 and above ( in multiple of 5000)|
|Loan||After 2 years|