My Money Mitra

New Money Back Plan 20 Years

  • LIC's New Money Back Plan 20 years is a non-linked with profit limited premium payment plan.
  • Maturity Benefit:
  • 40% of the basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
  • Death Benefit:
  • Sum Assured on death along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
  • The death benefit as defined above shall not be less than 105% of total premiums paid as on the date of death.
  • Survival Benefits:
  • 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.
  • Optional Benefit:
  • Accidental Death & Disability Benefit Rider.
  • Loan Available after payment of 3 full years premiums.
  • Eligibility Criteria
    Min. Max.
    Age 13 50
    Term 20 -
    Sum 1,00,000 No Limit (The Basic Sum Assured shall be in multiple of Rs. 5000/-)
    Premium Modes Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)
    Yearly Premium for 1000000 Sum Assured
    Age Term 20/15
    25 73783
    30 74518
    35 75890
    40 78291

    New Money Back Plan 25 Years

  • A non linked with profits limited premium payment plan.
  • Maturity Benefit:
  • 40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
  • Death Benefit:
  • Sum Assured on death along with Vested Simple Reversionary Bonuses and final Additional Bonus, if any.
  • The death benefit as defined above shall not be less than 105% of total premiums paid as on the date of death.
  • Survival Benefits:
  • In case of Life Assured surviving to the end of the specified durations 15% of the Basic Sum Assured at the end of each of 5th, 10th, 15th & 20th policy year.
  • Optional Benefit:
  • Accidental Death & Disability Benefit Rider.
  • Loan facility is available under this plan after the policy acquires paid-up value.
  • Eligibility Criteria
    Min. Max.
    Age 13 45
    Term 25 -
    Sum 100000 No Limit (The Basic SumAssured shall be in multiple of Rs. 5000/-)
    Premium Modes Yearly, Half Yearly, Quarterly, Monthly (SSS or ECS)
    Yearly Premium for 1000000 Sum Assured
    Age Term 25/20
    25 56290
    30 57221
    35 58936
    40 61631

    Limited Premium Endowment Plan

  • A Limited premium paying conventional With-Profits Endowment Assurance plan.
  • Maturity Benefit: Basic Sum Assured + Vested Bonus + Final Additional Bonus.
  • Death Benefit: "Sum Assured on Death" + Vested Bonuses + Final Additional Bonus.
  • “Sum Assured On Death” is defined as the higher of 10 times of annualized Premium or 125% of the Basic Sum Assured.
  • Optional Benefit:
  • LIC’s Accidental Death and Disability Benefit Rider.
  • LIC’s New Term Assurance Rider.
  • Loan: After payment of premiums for at least 2 full years.
  • Eligibility Criteria
    Min. Max.
    Age 18 62
    Term 12 21
    PPT 8 9
    Sum 3,00,000 No Limit
    Premium Modes Yly, Hly, Qly, Mly
    Yearly Premium For 1000000 Sum Assured
    Age 12/8 16/9 21/8
    25 108373 84755 76572
    30 108569 85098 77209
    35 109059 85833 78532
    40 110137 87303 80835

    New Bima Bachat

  • Convenience: One time investment – Single Premium Plan.
  • Maturity Benefit:
  • Single premium paid along with Loyalty Addition Less Taxes and Extra Premium, if any.
  • Death Claim Benefit:
  • First 5 years: Sum Assured shall be payable.
  • After Completion of 5 years: Sum Assured And Loyalty Additions, if any shall be payable.
  • Liquidity: Loan facility available after completion of 1 policy year.
  • Eligibility Criteria
    Min. Max.
    Age 15 75
    Term 9 15
    Sum Term/9 – 35000, Term/12 – 50000, Term/15 – 70000 No limit( SA shall be in multiple of Rs. 5000)
    Premium Modes Single
    Yearly Premium For 1000000 Sum Assured
    Age 09 Years 12 Years 15 Years
    25 707440 725680 734073
    30 708170 726670 735300
    35 709970 728830 737960
    40 713560 733060 742760

    Bima Shree

  • Limited Payment Optionn
  • Guaranteed 25% Additional Life cover without any cost
  • Guaranteed Customized Payouts at regular Intervals
  • 5 – 5.5% Bonus is Guaranteed by LIC
  • Loyalty Bonus is also payable on Maturity along with Sum Assured
  • Option of taking Maturity & Death Benefit in instalments
  • Loan is also available
  • Avail Tax Benefits u/s 80C & 10(10D)
  • Adiitional Benefits
  • This plan also offers add on benefits like Additional Life Cover, Accidental Death & Disability Benefit, Critical Illness Cover & Premium Waiver Benefit
  • Eligibility Criteria
    Min. Max.
    Age 8 Years (Completed) 55 Years for 14 Year Term
    51 Years for 16 Year Term
    48 Years for 18 Year Term
    45 Years for 20 Year Term
    Policy Term 14, 16, 18 & 20 Years
    Premium Payment Term Policy Term Minus 4 Years
    Sum Assured Rs.10 Lacs No Limit
    Age at Maturity 69 Years for 14 Year Term
    67 Years for 16 Year Term
    66 Years for 18 Year Term
    65 Years for 20 Year Term