25 Years Money Back 921 Plan – LIC 25 Years Money Back 921 Policy Details
This is limited premium payment, non-linked, with profits money back policy.
Premium Payment Mode
Monthly (ECS), Quarterly, Half Yearly and Yearly
Duration / Term
25 Year
PPT
20 Year
Minimum Entry Age
13 Years Completed
Maximum Entry Age
45 Years nearest Birthday
Maximum Maturity Age
70 Years
Minimum Sum Assured
100000
Maximum Sum Assured
No Limit (Depending upon your Income)
Maximum Accidental Risk and Disability benefit rider up to age 70
On Rsik
Sum Assured on Risk + Vested Bonus + FAB if any.
Sum Assured on Risk = Higher of 125% of basic SA
(Or)
7 times of annualized premium.
Risk benefit shall not be less than 105% of total premiums paid as on date of risk
The premiums exclude taxes, extra premium and rider premium and rider premiums.
Survival
15% of basic SA is payable after 5th, 10th and 15th year of policy and 20th year.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value
The policy can be surrendered for cash provided at least two full years premiums have been paid.
The Guaranteed surrender value during policy term shall be a percentage of total premiums paid (net of service tax ) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.
Loan
Available after payment of premium of 2 Full Years.
Income Tax Benefit
Premium paid under this plan is eligible for Tax rebate under section 80C.
Maturity under this plan is FREE under section 10(10D)