Lic money back policy 15 year plan

LIC's Jeevan Surabhi (Plan No. 106) is a 15-year money-back policy. It is a limited premium plan, which means that the policyholder pays premiums for a limited period of time, but the risk cover and policy term are longer.

Key features:

Maturity term: 20 years
Premium paying term: 15 years
Survival benefits: 100% of the sum assured is paid back as survival benefits in equal installments of 20% each at the end of the 5th, 10th, and 15th policy years.
Maturity benefit: If the policyholder survives the policy term, they receive 40% of the sum assured along with vested simple reversionary bonuses and final additional bonus, if any.
Death benefit: If the policyholder dies during the policy term, the nominee receives the full sum assured along with vested simple reversionary bonuses and final additional bonus, if any.
Accident benefit: An additional sum of up to Rs. 5 lakhs is payable to the nominee in case of accidental death of the policyholder during the premium paying term.

Eligibility:

Age at entry: 0 to 50 years
Sum assured: Rs. 10,000 and above

Benefits:

Regular income: The policyholder receives regular survival benefits at regular intervals, which can be used to meet financial needs such as child education, marriage, or retirement.
Life cover: The policy provides life insurance cover for the entire policy term, which protects the family in case of the policyholder's untimely death.
Tax benefits: Premiums paid towards the policy are eligible for tax deduction under Section 80C of the Income Tax Act, 1961. Maturity benefits are also tax-free up to a certain limit.

Overall, LIC's Jeevan Surabhi plan is a good option for individuals who are looking for a life insurance policy that provides regular income, life cover, and tax benefits.

[Note: This is isn't lic website. This is only shear things]

Here is youtube video in Hindi language

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