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821- Money Back (25 years)

Life Insurance Products

Get the latest information on all LIC's plans and all private insurance companies.

Founded in 1956,Life Insurance Corporation of India (LIC) is the Largest life insurance company in the country with a total income of Rs. 492626.60 core and total assests worth Rs. 2572028.34Cr It’s fully owned by the Goverment of the Goverment of India & is also the country largest investor.

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Plan Information

  1. Age Entry : 13-45 yrs
  2. Max Maturity Age : 70 yrs
  3. Policy Term : 25 yrs PPT : 20 yrs
  4. Sum Assured : 1,00,000-No limit
  5. Sum Assured multiples : 5000
  6. Mode of payment : All
  7. ServiceTax 1st year : 4.5%
  8. Subsequent year : 2.25%
  9. Loan : After 3 yrs
  10. Surrender : After 3 yrs
  11. On Death : SA+Bonus+FAB

Sum Assured on death is 125% of Basic Sum Assured or 10 times of Annualized Premium or 105% of total premiums paid whichever is higher Returns 5th,10th,15th,20th yr : 15% of SA 25th yr : 40% of SA+Bonus+FAB

Plan illustration for SA 2 Lakh for term 25 years and payable Term 20 years.

First Year Premium for Age 18

2nd year onwards

Premium GST(4.5%) Payable Prem
YLY 11561 549 12110
HLY 5840 277 6117
QLY 2950 140 3090
MLY 983 47 1030
Premium GST(2.25%) Payable Prem
YLY 11561 275 11836
HLY 5840 139 5979
QLY 2950 70 3020
MLY 983 23 1006
  1. Bonus: 220000
  2. FAB:45000
  3. 5th Year:30000
  4. 10th Year:30000
  5. 15th Year:30000
  6. 20th Year:30000
  7. 25th Year:345000
  8. Total Prem – 236994
  9. Total Returns:465000

Disclaimer :

The Benefits shown in this presentation are as per the 8% Benefit illustration of LIC of India, Actual values may vary, depends on the corporation profits and experience

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