Money back policy reviews and table over view

Money back policy reviews and table over view  : Here we Gave the full details of Money back policy reviews and Money back policy  table over view  Money back policy having multiple benefits Life Money back policy having multiple benefits Life Insurance and money back periodically. Two types of money back policies available 1. 20 years and 2.25 years in . In 20 years of policy 20% of assured amount will be paid in period like 5,10,15 and the rest of 40% will be paid at 20 years with Bonus.

In 25 years of policy 15% of the assured amount will be paid periodically like 5,10,15,20 and the rest of the Assured amount and Bonus will be paid 25 years.

The age eligibility in this policy is minimum 13 years and the maximum 50 years, the assured amount will be minimum Rs.50,000/- and the maximum no limit term period would be for 20 years policy 75 years and for 25 years policy 93 years. The maximum maturity period would be 70 years.


Premium can be paid in Monthly,quarterly,half-yearly and yearly. Salary saving scheme also available. As this is Money back Policy there is no loan facility for this policy. Death benefit in this policy is better than other policies if the policy holder dead in policy term Assured Amount(including earlier payments) and Bonus will be pain in single payment.

Guaranted Surrender value would be after 3 years of the policy commencement, 30% of the all the premiums which excluding the first year premium will be paid.

Illustration 1:
Age at entry : 35 years
Policy Term : 25 Years 
Mode of premium payment : Yearly
Sum Assured : Rs. 1,00,000 /-
Annual Premium : Rs. 5507 /-

End of year	Total premiums paid till end of year	Benefit on Death during the year (Rs.)
		Guaranteed	Variable		Total
			Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	5507	100000	2700	4800	102700	105800
2	11014	100000	5400	9600	105400	111600
3	16521	100000	8100	14400	108100	117400
4	22028	100000	10800	19200	110800	123200
5	27535	100000	13500	24000	113500	129000
6	33042	100000	16200	28800	116200	134800
7	38549	100000	18900	33600	118900	140600
8	44056	100000	21600	38400	121600	146400
9	49563	100000	24300	43200	124300	152200
10	55070	100000	27000	48000	127000	158000
15	82605	100000	40500	72000	140500	187000
20	110140	100000	54000	116000	154000	216000
25	137675	100000	67500	145000	167500	245000

End of year	Total premiums paid till end of year	Benefit on survival / maturity at the end of year
		Guaranteed	Variable		Total
			Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	5507	0	0	0	0	0
2	11014	0	0	0	0	0
3	16521	0	0	0	0	0
4	22028	0	0	0	0	0
5	27535	15000	0	0	15000	15000
6	33042	0	0	0	0	0
7	38549	0	0	0	0	0
8	44056	0	0	0	0	0
9	49563	0	0	0	0	0
10	55070	15000	0	0	15000	15000
15	82605	15000	0	0	15000	15000
20	110140	15000	0	0	15000	15000
25	137675	40000	74500	161000	114500	201000

                                                                                    Source:LIC’s Official Portal