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  • Insure Gyan

    Meerut, Uttar Pradesh

  • Year of Establishment: 2003
    IndiaMART Member Since: 2010
    Services [49]

    Mobile: +(91)-9897023227

LIC Money Back Plans

We offer LIC insurance plans to our clients. The LIC insurance plan provides our clients with much of opportunity to ensure there future among safe hands. The LIC insurance plan acts according to the requirement of an individual and differs from person to person. The LIC insurance plans are policies that take care of each of our clients by talking to them individually and offer them the best possible option that is the most suitable one for them. The LIC insurance plan promises to take care of all the needs and requirements of the clients that join hands along with LIC insurance plan

The Money Back Policy-20 Years

The Money Back Policy-20 Years

These are the policy plans that are ordinary endowment insurance plans where the survival benefits are payable only at the end of the endowment period. These plans provide various schemes for periodic payments of partial survival benefits that follow during the term of the policy. In the case of a 20-year Money-Back Policy 20% of the sum assured becomes payable each after 5 to 15 years, and the balance of 40% of the accrued bonus become payable at the 20th year. Another significant aspect is that the death claim comprises full sum assured without deducting any of the survival benefit amounts.

 

The Money Back Policy-25 Years

The Money Back Policy-25 Years

 

The policy plan provided by The Money Back Policy-25 Years(Money Back Plan).This policy plan is made up of ordinary endowment insurance plans are payable at the end of the tenure of the plan policy. It provides periodic payments of partial survival benefits during the term of the policy. For a money-back policy of 25 years (table 93), 15% of the sum assured becomes payable  after 5 to 20 years, and the balance 40% of the accrued bonus become payable at the 25th year. Another important feature of this type of policies is that in case of death at any time within the policy term the assured sum is payable.

 

Jeevan Surabhi-25 Years

Jeevan Surabhi-25 Years

 

The Jeevan Surabhi plan is a policy plan that is with respect to the other money back plans. In this the maturity term is more than the premium paying term along with an early and higher rate of survival benefit plan. Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life. This plan fits suitable for who besides wishing to provide for their old age and family feel the need for lump sum benefits at periodical intervals.


The actual term and the premium paying term for these plans are as under.

 

Plan no. Policy Term Premium Paying Term
106 15 years 12 years
107 20 years 15 years
108 25 years 18 years

Full sum assured is paid back as survival benefit by the end of premium paying term. However, the risk cover and additional risk cover continue and the policy participates in profits till the end of policy term.

Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5 lakhs on a single life.

Suitable For:
This plan holds special interest to people who besides wishing to provide for their old age and family feel the need for lump sum benefits at periodical intervals.

Bima Bachat

Bima Bachat

This policy plan is often termed as the LIC’s Bima Bachat plan that is a money-back policy which offers financial securities and assurance to the policy holder and their family. Bima Bachat requires the policy holder to pay only o                ne premium. The amount paid for the premium depends on the duration of the policy taken and life insurance is available till the date of maturity. The policy holder will receive 15% of the sum assured at the end of every 3rd to 6th or even 9th policy year. If the policy holder survives till the duration of the policy, at the time of maturity, a single premium payment (excluding extra premium) is made along with loyalty addition. Presently the rate of interest is 9% p.a. payable half-yearly. The minimum sum that needs to be assured is Rs 20,000/- and there is no limit on the amount that can be assured. It is important to note that the sum assured should be in multiples of Rs 5000/- only


 
 
 
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