LIC money back 15 years plan

LIC Money Back Policy 15-Year Plan (Plan No. 106) is a limited premium money back plan that provides both protection and savings. It is a participating plan, which means that it participates in the profits of LIC and policyholders can earn bonuses on their premiums.

Features of LIC Money Back Policy 15-Year Plan

Survival benefits: 20% of the sum assured is payable at the end of each 5th, 10th, and 15th policy year.
Maturity benefit: 40% of the sum assured along with vested simple reversionary bonuses and final additional bonus, if any, is payable at the end of the policy term.
Death benefit: In case of death of the policyholder during the policy term, the full sum assured along with vested bonuses is payable to the nominee.
Accident benefit: An additional sum assured of up to Rs. 5 lakhs is payable in case of accidental death of the policyholder during the premium paying term.

Eligibility for LIC Money Back Policy 15-Year Plan

Age: 18 years to 50 years
Sum assured: Rs. 25,000 to Rs. 50 lakhs
Policy term: 15 years

Benefits of LIC Money Back Policy 15-Year Plan

Provides both protection and savings
Guaranteed returns on premiums
Opportunity to earn bonuses
Tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961

Who should buy LIC Money Back Policy 15-Year Plan?

LIC Money Back Policy 15-Year Plan is a good option for people who are looking for a life insurance plan that provides both protection and savings. It is also a good option for people who have short-term financial goals, such as children's education or marriage.

How to buy LIC Money Back Policy 15-Year Plan

LIC Money Back Policy 15-Year Plan can be purchased from any LIC agent or through LIC's online portal. To purchase the policy, you will need to fill out a proposal form and submit it along with the required documents and premium payment.

Overall, LIC Money Back Policy 15-Year Plan is a good option for people who are looking for a life insurance plan that provides both protection and savings. It is a participating plan with guaranteed returns and the opportunity to earn bonuses.

Comments

The Power of Words: Exploring LIC's Iconic Slogans

The Life Insurance Corporation of India (LIC) has used various slogans over the years to promote its services and create awareness about life insurance. Some of the popular slogans used by LIC include: 1. "Zindagi ke saath bhi, zindagi ke baad bhi" - This slogan emphasizes that LIC provides financial security and support during life as well as after life. 2. "Yeh pal humara hai" - This slogan highlights that LIC is there to safeguard and cherish the precious moments of life. 3. "Zindagi ke sath bhi, zindagi ke baad bhi" - Similar to the first slogan, this phrase conveys that LIC stands by its customers through all stages of life. 4. "Behtar tohfa hai jiwan, jiwan ka" - This slogan suggests that life insurance from LIC is the best gift one can give to themselves and their loved ones. 5. "Humara apna khata" - This phrase implies that LIC is like a trusted account holder for your financial security. 6. &quo

basic understanding of stock market

Here's a basic understanding of the stock market: A. What is it? The stock market is a network of exchanges where investors buy and sell shares of ownership (stocks) in publicly traded companies. Think of it as a giant marketplace where companies raise money by selling ownership stakes, and investors buy those stakes hoping they'll increase in value. B. Key players: Companies: They issue shares to raise capital for growth and operations. Investors: Individuals or institutions buying and selling shares. Stock exchanges: Platforms like the NYSE or Nasdaq where shares are traded. Brokers and advisors: Help investors buy and sell shares. C. How it works: Companies publicly sell shares through an initial public offering (IPO) . Investors buy shares hoping they'll rise in price, allowing them to sell for a profit (capital gains). The price of a stock fluctuates based on supply and demand, influenced by company performance, economic factors, and market

The Step-by-Step Guide to Converting Your LIC Policy to Paid Up

To change over your LIC (Life Insurance Corporation of India) strategy to a settled up approach, you want to follow these means: Check Strategy Arrangements: In the first place, survey your LIC strategy reports to decide whether it is qualified for transformation to a settled up approach. Regularly, conventional taking part strategies that have gained an acquiescence esteem are qualified for change. Contact LIC or Your Representative: Contact your closest LIC branch or reach out to your insurance specialist to start the method involved with switching your contract over completely to a settled up status. They will direct you through the necessary advances and documentation. Fill the Application: You might have to finish up an application structure given by LIC to demand the change of your strategy to a settled up arrangement. This structure will require your approach subtleties and your mark. Pay Any Forthcoming Charges: On the off chance that you have any forthcoming expenses, you migh

life Insurance

Search This Blog