Money Back Plan with Saving & Protection

Part of Sum Assured is payable after every 5 years in the form of Survival Benefit. Ideal to fulfil periodic goals. Also, enjoy maturity benefits at the end of the Term.

Life Protection with Guaranteed Returns

In case of Unfortunate demise during policy term, an amount equal to Sum Assured plus bonus will be payable without deduction of Survival Benefits paid earlier.

Profit Sharing as per Valuation

Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.

Fulfilment of Goals

Periodic Survival Benefits in the form of Money back. Ideal for those who has short term goals like dream vacation, taking new house, children education.

Additional Accident Benefit

By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.

Eligibility Criteria

	Minimum	Maximum
Entry Age	13 Years Completed	50 Years (Nearer Birthday)
Term	20 Years
PPT	15 Years
Sum Assured	₹ 2,00,000/-	No Limit

Premium Modes
Yearly, Half-Yearly, Quarterly and Monthly (NACH only) or through salary deductions (SSS).

Riders Available

LIC’s Accidental Death and Disability Rider

LIC’s Accident Benefit Rider

LIC’s New Term Insurance Rider

Death Benefit

On death of the Life Assured during the Policy Term, Sum Assured on Death alongwith vested Simple Reversionary bonuses and Final Additional bonus (if any), where “Sum Assured on Death” is defined as higher of 125% Basic Sum Assured or 7 times of annualised premium.

This Death Benefit (as defined above) shall not be less than 105% of total premiums paid upto the date of death. Where,
1. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

2. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC’s Premium Waiver Benefit Rider is opted for, in the event of death of Proposer, any subsequent Premiums which are waived shall be deemed to have been received and be included in the Total Premiums Paid.

Survival Benefit

On Survival 20% of Basic Sum Assured shall be payable at the end of 5th, 10th and 15th years

Maturity Benefit

40% of Basic Sum Assured on Maturity alongwith vested Simple Reversionary Bonus and Final Additional Bonus.

Loan Facility is available after completion of first policy year provided one full year’s premium has been paid.

Option to Surrender the Policy

The policy can be surrendered by the policyholder after completion of first policy year provided atleast one full year’s premium(s) has been paid. However, the policy shall acquire Guaranteed Surrender Value on payment of atleast two full years’ premiums and Special Surrender Value after completion of first policy year provided one full year’s premium(s) has been paid. On surrender of an in-force or paid-up policy, the Corporation shall pay the surrender value equal to higher of Guaranteed Surrender Value and Special Surrender Value.