SlideShare a Scribd company logo
NEW MONEY BACK – 20 YEARS 
Plan No. 820 
Presented by:- 
Sumeet Pawar 
Insurance Advisor 
Call (+91) 7738546484 
License No: 10149681 
Agency Code: 02187929
Features 
LIC's New Money Back Plan-20 years is a participating 
non-linked plan which offers an attractive combination 
of protection against death throughout the term of the 
plan along with the periodic payment on survival at 
specified durations during the term. This unique 
combination provides financial support for the family of 
the deceased policyholder any time before maturity 
and lump sum amount at the time of maturity for the 
surviving policyholders. This plan also takes care of 
liquidity needs through its loan facility.
Benefits 
Death Benefit: 
On death during the policy term provided the policy is in full 
force, death benefit, defined as sum of “Sum Assured on 
Death” and vested Simple Reversionary Bonuses and Final 
Additional Bonus, if any, shall be payable. WherIn case of Life 
Assured surviving the stipulated date of maturity, 40% of the 
Basic Sum Assured along with vested Simple Reversionary 
Bonuses and Final Additional Bonus, if any, shall be 
payable.e,“Sum Assured on Death” is defined as higher of 
125% of the Basic Sum Assured or 10 times of annualized 
premium. This death benefit shall not be less than 105% of the 
total premiums paid as on date of death.
Benefits 
Survival Benefit: 
In case of Life Assured surviving to the end of the 
specified durations 20% of the Basic Sum Assured at 
the end of each of 5th, 10th & 15th policy year.
Benefits 
Maturity Benefit: 
Basic Sum Assured, along with vested Simple 
Reversionary Bonuses and Final Additional 
Bonus, if any, shall be payable in lump sum on 
survival to the end of the policy term provided 
all due premiums have been paid.
Benefit Illustration 
Basic Details- 
Sum Assured: Rs 1,00,000 
Age at Entry: 30 yrs 
Term: 20 yrs 
PPT: 15 yrs 
Yearly Premium (1st Yr): Rs 8,115 (Rs 7,872 + Rs 243) 
Yearly Premium (2nd Yr…): Rs 7,993 (Rs 7,872 + Rs 122) 
Survival Returns- 
On 5th yr: Rs 20,000 
On 10th yr: Rs 20,000 
On 15th yr: Rs 20,000 
Approximate Maturity Returns- 
Interim Bonus: Rs 78,000 
Final Bonus: Rs 3,000 
Maturity (40%SA + IB + FB): Rs 1,81,000
Eligibility Conditions & Other 
Restrictions 
Minimum entry age : 13 years(completed) 
Maximum entry age : 50 years (nearest birthday) 
Maximum maturity age: : 70 years (nearest birthday) 
Fixed Policy Term : 20 years 
Minimum Sum Assured : Rs.1,00,000 
Maximum Sum assured : No limit 
(Sum Assured will be in multiples of Rs.5,000 /- only) 
Premium payment mode : Yearly / Half Yearly / Quarterly / 
Monthly / SSS
High Sum Assured Rebate 
Sum Assured (S.A) Rebate (Rs.) 
1,00,000 to 1,95,000 Nil 
2,00,000 to 4,95,000 Rs 2 per 1000 on S.A. 
5,00,000 and above Rs 3 per 1000 on S.A.
Loan Facility 
Loan can be availed under the policy provided 
the policy has acquired a surrender value and 
subject to the terms and conditions as the 
Corporation may specify from time to time.
Surrender Value 
The policy can surrendered for cash provided 
atleast three full years’ premiums have been 
paid. The Guaranteed Surrender value shall be 
percentage of total premiums paid (net of 
service tax) excluding extra premiums and 
premiums for riders, if opted for less any 
survival benefits already paid. This percentage 
will depend on the policy year in which the 
policy is surrendered.
Paid-up Value 
If at least three full years’ premiums have been paid and any subsequent premiums be 
not duly paid, this policy shall not be wholly void, but shall continue as a paid-up 
policy. The Basic Sum Assured under the policy shall be reduced to such a sum, called 
Paid-up Sum Assured and shall be equal to [(Number of premiums paid / Total 
Number of premiums payable) x Basic Sum Assured] less Total amount of survival 
benefits already paid under the policy. 
The policy so reduced shall thereafter be free from all liabilities for payment of the 
premiums, but shall not be entitled to participate in future profits. However, the 
vested Simple Reversionary Bonuses shall remain attached to the reduced paid-up 
policy. 
Notwithstanding the benefits available under a fully inforce policy, in the case of a 
reduced paid up policy, no survival benefits shall be payable and the paid-up value 
along with the vested Simple Reversionary Bonuses, if any, shall be payable only in 
lump-sum on the expiry of policy term or death of life assured, if earlier. 
Rider(s) shall not acquire any paid-up value and the rider benefits cease to apply, if 
policy is in lapsed condition.
Revival 
If premiums are not paid within the grace period then the policy 
will lapse. A lapsed policy can be revived within a period of 2 
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 (compounding half-yearly) at such rate as 
fixed by the Corporation from time to time subject to submission 
of satisfactory evidence of continued insurability. 
The Corporation reserves the right to accept at original terms, 
accept at revised terms or decline the revival of a discontinued 
policy. The revival of discontinued policy shall take effect only 
after the same is approved by the Corporation and is specifically 
communicated to the Policyholder. 
Revival of rider(s), if opted for, will be considered along with 
revival of the Basic Policy and not in isolation.
Cooling-off Period 
If the Policyholder is not satisfied with the “Terms and 
Conditions”, policy may be returned to us within 15 
days from the date of receipt of the policy bond stating 
the reasons of objections. On receipt of the same the 
Corporation shall cancel the policy and return the 
amount of premium deposited after deducting 
proportionate risk premium (for basic plan and rider(s), 
if any) for the period on cover, expenses incurred on 
medical examination, special reports, if any and stamp 
duty charges.

More Related Content

What's hot

Introduction To Fixed Income Markets
Introduction To Fixed Income MarketsIntroduction To Fixed Income Markets
Introduction To Fixed Income Markets
Khader Shaik
 
Bond market in india
Bond market in indiaBond market in india
Bond market in india
Narendra Singh
 
Project management
Project managementProject management
Project management
Anish Jojan
 
Sources of finance
Sources of financeSources of finance
Project financing and sources of funding
Project financing  and sources of funding  Project financing  and sources of funding
Project financing and sources of funding
Gilles Couture
 
Credit management
Credit managementCredit management
Credit management
Khalid Aziz
 
Endowment Policy
Endowment PolicyEndowment Policy
Endowment Policy
Kiran Kurian Philip
 
indian financial markets
indian financial markets indian financial markets
indian financial markets
drvinod42 looned
 
Credit Receivable Management1
Credit  Receivable Management1Credit  Receivable Management1
Credit Receivable Management1
Gerardo "Gerry" Joson
 
Life insurence ppt
Life insurence ppt Life insurence ppt
Life insurence ppt
Anjiyaa
 
Net present value
Net present valueNet present value
Net present value
P. Anna Paddon
 
Insurance Presentation
Insurance PresentationInsurance Presentation
Insurance Presentation
mbachnak
 
Project execution and implementation
Project execution and implementationProject execution and implementation
Project execution and implementation
Dr. Saima Baig
 
Fixed Deposits
Fixed DepositsFixed Deposits
Fixed Deposits
Abhishek Kumar Singh
 
Bonds ppt
Bonds pptBonds ppt
Bonds ppt
bindeshwari
 
LIC New Money Back plan table no 820 - 20 years
LIC New Money Back plan table no 820 - 20 yearsLIC New Money Back plan table no 820 - 20 years
LIC New Money Back plan table no 820 - 20 years
Satyendra Gupta - 9811362697
 
Non-Performing Assets (NPA)
Non-Performing Assets (NPA)Non-Performing Assets (NPA)
Non-Performing Assets (NPA)
Neha Chauhan
 
Laon Classification, Provisioning, Rescheduling - 26.12.2022.pptx
Laon Classification, Provisioning, Rescheduling - 26.12.2022.pptxLaon Classification, Provisioning, Rescheduling - 26.12.2022.pptx
Laon Classification, Provisioning, Rescheduling - 26.12.2022.pptx
MdRezwanulIslam10
 
Types of credit
Types of creditTypes of credit
Types of credit
crystal.pullen
 
Project Financing in Public Projects
Project Financing in Public ProjectsProject Financing in Public Projects
Project Financing in Public Projects
Xinyi (Sophia) Xue
 

What's hot (20)

Introduction To Fixed Income Markets
Introduction To Fixed Income MarketsIntroduction To Fixed Income Markets
Introduction To Fixed Income Markets
 
Bond market in india
Bond market in indiaBond market in india
Bond market in india
 
Project management
Project managementProject management
Project management
 
Sources of finance
Sources of financeSources of finance
Sources of finance
 
Project financing and sources of funding
Project financing  and sources of funding  Project financing  and sources of funding
Project financing and sources of funding
 
Credit management
Credit managementCredit management
Credit management
 
Endowment Policy
Endowment PolicyEndowment Policy
Endowment Policy
 
indian financial markets
indian financial markets indian financial markets
indian financial markets
 
Credit Receivable Management1
Credit  Receivable Management1Credit  Receivable Management1
Credit Receivable Management1
 
Life insurence ppt
Life insurence ppt Life insurence ppt
Life insurence ppt
 
Net present value
Net present valueNet present value
Net present value
 
Insurance Presentation
Insurance PresentationInsurance Presentation
Insurance Presentation
 
Project execution and implementation
Project execution and implementationProject execution and implementation
Project execution and implementation
 
Fixed Deposits
Fixed DepositsFixed Deposits
Fixed Deposits
 
Bonds ppt
Bonds pptBonds ppt
Bonds ppt
 
LIC New Money Back plan table no 820 - 20 years
LIC New Money Back plan table no 820 - 20 yearsLIC New Money Back plan table no 820 - 20 years
LIC New Money Back plan table no 820 - 20 years
 
Non-Performing Assets (NPA)
Non-Performing Assets (NPA)Non-Performing Assets (NPA)
Non-Performing Assets (NPA)
 
Laon Classification, Provisioning, Rescheduling - 26.12.2022.pptx
Laon Classification, Provisioning, Rescheduling - 26.12.2022.pptxLaon Classification, Provisioning, Rescheduling - 26.12.2022.pptx
Laon Classification, Provisioning, Rescheduling - 26.12.2022.pptx
 
Types of credit
Types of creditTypes of credit
Types of credit
 
Project Financing in Public Projects
Project Financing in Public ProjectsProject Financing in Public Projects
Project Financing in Public Projects
 

Viewers also liked

Money back plan 821
Money back plan 821Money back plan 821
Money back plan 821
Amit malik
 
Plan 827 presentation
Plan 827 presentationPlan 827 presentation
Plan 827 presentation
Parmeshwar Kumar
 
Double accident benefit insurance
Double accident benefit insuranceDouble accident benefit insurance
Double accident benefit insurance
THEPOLICYKART
 
Ppt LIC Jeevan rakshak 827
Ppt LIC Jeevan rakshak 827Ppt LIC Jeevan rakshak 827
Ppt LIC Jeevan rakshak 827
Amit malik
 
New jeevan nidhi
New jeevan nidhiNew jeevan nidhi
New jeevan nidhi
LIC of India
 
New bima bachat
New bima bachatNew bima bachat
New bima bachat
LIC of India
 
27 Ways to Get quick relief from vomiting and diarrhea problems
27 Ways to Get quick relief from vomiting and diarrhea problems27 Ways to Get quick relief from vomiting and diarrhea problems
27 Ways to Get quick relief from vomiting and diarrhea problems
Hari Somaiya
 
LIC - Single Premium Endowment
LIC - Single Premium EndowmentLIC - Single Premium Endowment
LIC - Single Premium Endowment
LIC of India
 
LIC - New Bima Bachat
LIC - New Bima BachatLIC - New Bima Bachat
LIC - New Bima Bachat
LIC of India
 
LIC - New Jeevan Nidhi
LIC - New Jeevan NidhiLIC - New Jeevan Nidhi
LIC - New Jeevan Nidhi
LIC of India
 
Money back plan 820
Money back plan 820Money back plan 820
Money back plan 820
Amit malik
 
Lic new jeevan nidhi
Lic new jeevan nidhiLic new jeevan nidhi
Lic new jeevan nidhi
THEPOLICYKART
 
LIC - New Endowment
LIC - New EndowmentLIC - New Endowment
LIC - New Endowment
LIC of India
 
LIC's New Jeevan Anand Plan Presentation
LIC's New Jeevan Anand Plan PresentationLIC's New Jeevan Anand Plan Presentation
LIC's New Jeevan Anand Plan Presentation
LIC Agent Noida 9953708212
 
Single Premium Endowment Plan 817
Single Premium Endowment Plan 817Single Premium Endowment Plan 817
Single Premium Endowment Plan 817
Satish Kumar
 
Lic new jeevan anand plan (table no. 815)
Lic new jeevan anand plan (table no. 815)Lic new jeevan anand plan (table no. 815)
Lic new jeevan anand plan (table no. 815)
THEPOLICYKART
 

Viewers also liked (16)

Money back plan 821
Money back plan 821Money back plan 821
Money back plan 821
 
Plan 827 presentation
Plan 827 presentationPlan 827 presentation
Plan 827 presentation
 
Double accident benefit insurance
Double accident benefit insuranceDouble accident benefit insurance
Double accident benefit insurance
 
Ppt LIC Jeevan rakshak 827
Ppt LIC Jeevan rakshak 827Ppt LIC Jeevan rakshak 827
Ppt LIC Jeevan rakshak 827
 
New jeevan nidhi
New jeevan nidhiNew jeevan nidhi
New jeevan nidhi
 
New bima bachat
New bima bachatNew bima bachat
New bima bachat
 
27 Ways to Get quick relief from vomiting and diarrhea problems
27 Ways to Get quick relief from vomiting and diarrhea problems27 Ways to Get quick relief from vomiting and diarrhea problems
27 Ways to Get quick relief from vomiting and diarrhea problems
 
LIC - Single Premium Endowment
LIC - Single Premium EndowmentLIC - Single Premium Endowment
LIC - Single Premium Endowment
 
LIC - New Bima Bachat
LIC - New Bima BachatLIC - New Bima Bachat
LIC - New Bima Bachat
 
LIC - New Jeevan Nidhi
LIC - New Jeevan NidhiLIC - New Jeevan Nidhi
LIC - New Jeevan Nidhi
 
Money back plan 820
Money back plan 820Money back plan 820
Money back plan 820
 
Lic new jeevan nidhi
Lic new jeevan nidhiLic new jeevan nidhi
Lic new jeevan nidhi
 
LIC - New Endowment
LIC - New EndowmentLIC - New Endowment
LIC - New Endowment
 
LIC's New Jeevan Anand Plan Presentation
LIC's New Jeevan Anand Plan PresentationLIC's New Jeevan Anand Plan Presentation
LIC's New Jeevan Anand Plan Presentation
 
Single Premium Endowment Plan 817
Single Premium Endowment Plan 817Single Premium Endowment Plan 817
Single Premium Endowment Plan 817
 
Lic new jeevan anand plan (table no. 815)
Lic new jeevan anand plan (table no. 815)Lic new jeevan anand plan (table no. 815)
Lic new jeevan anand plan (table no. 815)
 

Similar to LIC - New Money Back - 20 years

LIC - New Money Back - 25 years
LIC - New Money Back - 25 yearsLIC - New Money Back - 25 years
LIC - New Money Back - 25 years
LIC of India
 
New money back 25 years
New money back   25 yearsNew money back   25 years
New money back 25 years
LIC of India
 
New money back 20 years
New money back   20 yearsNew money back   20 years
New money back 20 years
LIC of India
 
LIC - New Jeevan Anand
LIC - New Jeevan AnandLIC - New Jeevan Anand
LIC - New Jeevan Anand
LIC of India
 
LIC - Jeevan Rakshak
LIC - Jeevan RakshakLIC - Jeevan Rakshak
LIC - Jeevan Rakshak
LIC of India
 
Jeevan rakshak
Jeevan rakshakJeevan rakshak
Jeevan rakshak
LIC of India
 
New jeevan anand
New jeevan anandNew jeevan anand
New jeevan anand
LIC of India
 
New endowment
New endowmentNew endowment
New endowment
LIC of India
 
Jeevan umang.945
Jeevan umang.945Jeevan umang.945
Jeevan umang.945
Manual Dsouza
 
LIC - Jeevan Shagun
LIC - Jeevan ShagunLIC - Jeevan Shagun
LIC - Jeevan Shagun
LIC of India
 
Lic Children's Money Back Premium Payment Plan Table no 832 Details
Lic Children's Money Back Premium Payment Plan Table no 832 DetailsLic Children's Money Back Premium Payment Plan Table no 832 Details
Lic Children's Money Back Premium Payment Plan Table no 832 Details
Satyendra Gupta - 9811362697
 
Amulya jeevan ii
Amulya jeevan iiAmulya jeevan ii
Amulya jeevan ii
LIC of India
 
Jeevan shagun
Jeevan shagunJeevan shagun
Jeevan shagun
LIC of India
 
Revised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdf
Revised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdfRevised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdf
Revised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdf
SantoshMuduli1
 
E-Brochure for Kotak Premier Moneyback Plan
E-Brochure for Kotak Premier Moneyback PlanE-Brochure for Kotak Premier Moneyback Plan
E-Brochure for Kotak Premier Moneyback Plan
viralAgarwal
 
Anmol jeevan ii
Anmol jeevan iiAnmol jeevan ii
Anmol jeevan ii
LIC of India
 
KotakAssuredIncomeAcceleratorPlan
KotakAssuredIncomeAcceleratorPlanKotakAssuredIncomeAcceleratorPlan
KotakAssuredIncomeAcceleratorPlan
Gururaja Setty TG
 
LIC's New endowment Plan Table no 814
LIC's New endowment Plan Table no 814LIC's New endowment Plan Table no 814
LIC's New endowment Plan Table no 814
Manish Raghav
 
LIC - Amulya Jeevan II
LIC - Amulya Jeevan IILIC - Amulya Jeevan II
LIC - Amulya Jeevan II
LIC of India
 
Single premium endowment
Single premium endowmentSingle premium endowment
Single premium endowment
LIC of India
 

Similar to LIC - New Money Back - 20 years (20)

LIC - New Money Back - 25 years
LIC - New Money Back - 25 yearsLIC - New Money Back - 25 years
LIC - New Money Back - 25 years
 
New money back 25 years
New money back   25 yearsNew money back   25 years
New money back 25 years
 
New money back 20 years
New money back   20 yearsNew money back   20 years
New money back 20 years
 
LIC - New Jeevan Anand
LIC - New Jeevan AnandLIC - New Jeevan Anand
LIC - New Jeevan Anand
 
LIC - Jeevan Rakshak
LIC - Jeevan RakshakLIC - Jeevan Rakshak
LIC - Jeevan Rakshak
 
Jeevan rakshak
Jeevan rakshakJeevan rakshak
Jeevan rakshak
 
New jeevan anand
New jeevan anandNew jeevan anand
New jeevan anand
 
New endowment
New endowmentNew endowment
New endowment
 
Jeevan umang.945
Jeevan umang.945Jeevan umang.945
Jeevan umang.945
 
LIC - Jeevan Shagun
LIC - Jeevan ShagunLIC - Jeevan Shagun
LIC - Jeevan Shagun
 
Lic Children's Money Back Premium Payment Plan Table no 832 Details
Lic Children's Money Back Premium Payment Plan Table no 832 DetailsLic Children's Money Back Premium Payment Plan Table no 832 Details
Lic Children's Money Back Premium Payment Plan Table no 832 Details
 
Amulya jeevan ii
Amulya jeevan iiAmulya jeevan ii
Amulya jeevan ii
 
Jeevan shagun
Jeevan shagunJeevan shagun
Jeevan shagun
 
Revised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdf
Revised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdfRevised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdf
Revised-Sales-Brochure-LIC-Saral-Jeevan-Bima-WEB.pdf
 
E-Brochure for Kotak Premier Moneyback Plan
E-Brochure for Kotak Premier Moneyback PlanE-Brochure for Kotak Premier Moneyback Plan
E-Brochure for Kotak Premier Moneyback Plan
 
Anmol jeevan ii
Anmol jeevan iiAnmol jeevan ii
Anmol jeevan ii
 
KotakAssuredIncomeAcceleratorPlan
KotakAssuredIncomeAcceleratorPlanKotakAssuredIncomeAcceleratorPlan
KotakAssuredIncomeAcceleratorPlan
 
LIC's New endowment Plan Table no 814
LIC's New endowment Plan Table no 814LIC's New endowment Plan Table no 814
LIC's New endowment Plan Table no 814
 
LIC - Amulya Jeevan II
LIC - Amulya Jeevan IILIC - Amulya Jeevan II
LIC - Amulya Jeevan II
 
Single premium endowment
Single premium endowmentSingle premium endowment
Single premium endowment
 

More from LIC of India

Start Your Own Business with LIC
Start Your Own Business with LICStart Your Own Business with LIC
Start Your Own Business with LIC
LIC of India
 
Varishtha pension bima yojana
Varishtha pension bima yojanaVarishtha pension bima yojana
Varishtha pension bima yojana
LIC of India
 
LIC - Varishtha Pension Bima Yojana
LIC - Varishtha Pension Bima YojanaLIC - Varishtha Pension Bima Yojana
LIC - Varishtha Pension Bima Yojana
LIC of India
 
LIC - Jeevan Arogya
LIC - Jeevan ArogyaLIC - Jeevan Arogya
LIC - Jeevan Arogya
LIC of India
 
LIC - Jeevan Akshay VI
LIC - Jeevan Akshay VILIC - Jeevan Akshay VI
LIC - Jeevan Akshay VI
LIC of India
 
LIC - Anmol Jeevan II
LIC - Anmol Jeevan IILIC - Anmol Jeevan II
LIC - Anmol Jeevan II
LIC of India
 

More from LIC of India (6)

Start Your Own Business with LIC
Start Your Own Business with LICStart Your Own Business with LIC
Start Your Own Business with LIC
 
Varishtha pension bima yojana
Varishtha pension bima yojanaVarishtha pension bima yojana
Varishtha pension bima yojana
 
LIC - Varishtha Pension Bima Yojana
LIC - Varishtha Pension Bima YojanaLIC - Varishtha Pension Bima Yojana
LIC - Varishtha Pension Bima Yojana
 
LIC - Jeevan Arogya
LIC - Jeevan ArogyaLIC - Jeevan Arogya
LIC - Jeevan Arogya
 
LIC - Jeevan Akshay VI
LIC - Jeevan Akshay VILIC - Jeevan Akshay VI
LIC - Jeevan Akshay VI
 
LIC - Anmol Jeevan II
LIC - Anmol Jeevan IILIC - Anmol Jeevan II
LIC - Anmol Jeevan II
 

Recently uploaded

Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
bresciafarid233
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
Majid Iqbal
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
KishoreKatta6
 
How to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete GuideHow to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete Guide
Daniel
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdfSeeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Ashis Kumar Dey
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
Diana Rose
 
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsUsing Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
How to Use Payment Vouchers in Odoo 18.
How to Use Payment Vouchers in  Odoo 18.How to Use Payment Vouchers in  Odoo 18.
How to Use Payment Vouchers in Odoo 18.
FinShe
 
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment LeaderDr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
msthrill
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
ResolutionFoundation
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
Neil Day
 
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptxExploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
cosmo-soil
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
ynfqplhm
 
Mutual Fund Taxation – How Mutual Funds Are Taxed
Mutual Fund Taxation – How Mutual Funds Are TaxedMutual Fund Taxation – How Mutual Funds Are Taxed
Mutual Fund Taxation – How Mutual Funds Are Taxed
dhvikdiva
 
Power point analisis laporan keuangan chapter 7 subramanyam
Power point analisis laporan keuangan chapter 7 subramanyamPower point analisis laporan keuangan chapter 7 subramanyam
Power point analisis laporan keuangan chapter 7 subramanyam
FarhanRafifSidqi
 
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...
Donc Test
 
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdfTechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
richardwellington119
 

Recently uploaded (20)

Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
 
PM pre reads for the product manager framework
PM pre reads for the product manager frameworkPM pre reads for the product manager framework
PM pre reads for the product manager framework
 
How to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete GuideHow to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete Guide
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdfSeeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
 
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsUsing Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
 
How to Use Payment Vouchers in Odoo 18.
How to Use Payment Vouchers in  Odoo 18.How to Use Payment Vouchers in  Odoo 18.
How to Use Payment Vouchers in Odoo 18.
 
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment LeaderDr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
 
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
 
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptxExploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
 
Mutual Fund Taxation – How Mutual Funds Are Taxed
Mutual Fund Taxation – How Mutual Funds Are TaxedMutual Fund Taxation – How Mutual Funds Are Taxed
Mutual Fund Taxation – How Mutual Funds Are Taxed
 
Power point analisis laporan keuangan chapter 7 subramanyam
Power point analisis laporan keuangan chapter 7 subramanyamPower point analisis laporan keuangan chapter 7 subramanyam
Power point analisis laporan keuangan chapter 7 subramanyam
 
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...
 
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdfTechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
 

LIC - New Money Back - 20 years

  • 1. NEW MONEY BACK – 20 YEARS Plan No. 820 Presented by:- Sumeet Pawar Insurance Advisor Call (+91) 7738546484 License No: 10149681 Agency Code: 02187929
  • 2. Features LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
  • 3. Benefits Death Benefit: On death during the policy term provided the policy is in full force, death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. WherIn case of Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.e,“Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid as on date of death.
  • 4. Benefits Survival Benefit: In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
  • 5. Benefits Maturity Benefit: Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
  • 6. Benefit Illustration Basic Details- Sum Assured: Rs 1,00,000 Age at Entry: 30 yrs Term: 20 yrs PPT: 15 yrs Yearly Premium (1st Yr): Rs 8,115 (Rs 7,872 + Rs 243) Yearly Premium (2nd Yr…): Rs 7,993 (Rs 7,872 + Rs 122) Survival Returns- On 5th yr: Rs 20,000 On 10th yr: Rs 20,000 On 15th yr: Rs 20,000 Approximate Maturity Returns- Interim Bonus: Rs 78,000 Final Bonus: Rs 3,000 Maturity (40%SA + IB + FB): Rs 1,81,000
  • 7. Eligibility Conditions & Other Restrictions Minimum entry age : 13 years(completed) Maximum entry age : 50 years (nearest birthday) Maximum maturity age: : 70 years (nearest birthday) Fixed Policy Term : 20 years Minimum Sum Assured : Rs.1,00,000 Maximum Sum assured : No limit (Sum Assured will be in multiples of Rs.5,000 /- only) Premium payment mode : Yearly / Half Yearly / Quarterly / Monthly / SSS
  • 8. High Sum Assured Rebate Sum Assured (S.A) Rebate (Rs.) 1,00,000 to 1,95,000 Nil 2,00,000 to 4,95,000 Rs 2 per 1000 on S.A. 5,00,000 and above Rs 3 per 1000 on S.A.
  • 9. Loan Facility Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the Corporation may specify from time to time.
  • 10. Surrender Value The policy can surrendered for cash provided atleast three full years’ premiums have been paid. The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for less any survival benefits already paid. This percentage will depend on the policy year in which the policy is surrendered.
  • 11. Paid-up Value If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, this policy shall not be wholly void, but shall continue as a paid-up policy. The Basic Sum Assured under the policy shall be reduced to such a sum, called Paid-up Sum Assured and shall be equal to [(Number of premiums paid / Total Number of premiums payable) x Basic Sum Assured] less Total amount of survival benefits already paid under the policy. The policy so reduced shall thereafter be free from all liabilities for payment of the premiums, but shall not be entitled to participate in future profits. However, the vested Simple Reversionary Bonuses shall remain attached to the reduced paid-up policy. Notwithstanding the benefits available under a fully inforce policy, in the case of a reduced paid up policy, no survival benefits shall be payable and the paid-up value along with the vested Simple Reversionary Bonuses, if any, shall be payable only in lump-sum on the expiry of policy term or death of life assured, if earlier. Rider(s) shall not acquire any paid-up value and the rider benefits cease to apply, if policy is in lapsed condition.
  • 12. Revival If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can be revived within a period of 2 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 (compounding half-yearly) at such rate as fixed by the Corporation from time to time subject to submission of satisfactory evidence of continued insurability. The Corporation reserves the right to accept at original terms, accept at revised terms or decline the revival of a discontinued policy. The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Policyholder. Revival of rider(s), if opted for, will be considered along with revival of the Basic Policy and not in isolation.
  • 13. Cooling-off Period If the Policyholder is not satisfied with the “Terms and Conditions”, policy may be returned to us within 15 days from the date of receipt of the policy bond stating the reasons of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting proportionate risk premium (for basic plan and rider(s), if any) for the period on cover, expenses incurred on medical examination, special reports, if any and stamp duty charges.