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Money Back Plans


New Childrens Money Back
New Money Back Plans - 20 Years
New Money Back Plans - 25 Years
New Beema Bachat
Jeevan Shiromani
Beema shree
Jeevan Tarun
Jeevan Umang

BENEFITS OF TERM INSURANCE


Less premium for non smokers
High coverage at an affordable premium
Flexible in terms of payment
Additional riders benefits
Simple and quick buying
The policyholder has the leverage to choose the sum assured amount of the policy.
Enables a good lifestyle while paying premium.
LIC provides a claim settlement ratio of 98.62%



Child Money Back

New Childrens Money Back Plan is a non-linked, with-profits, regular premium payment money back plan.



Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
25 Age at Maturity Time

Minimum Entry Age :
0 Year Last Birthday

Maximum Entry Age :
12 Year Last Birthday

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Policy Benefits :
On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 7 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :
If Policy in full force :
Completion Age 18YRS - 20% OF MSA
Completion Age 20YRS - 20% OF MSA
Completion Age 22YRS - 20% OF MSA
On Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FAB

Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full two years.

Loan :
Loan facility is available under this plan after the payment of premiums for at least two 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 sec 10(10D).

20Year Money Back

This is a limited premium payment, non-linked, with profits Money Back Plan..



Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
20 Year

PPT :
15 Year
Minimum Entry Age :
13year Completed

Maximum Entry Age :
50year (Nearest Birthday)

Maximum Maturity Age :
70 Year

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Ben efit Rider up to age 70.
Policy Benefits :
On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium.
Death Benefit shall not be less than 105% of tota l premiums paid as on date of deat h.
The premiums exclude taxes, extra premium and rid er premiums.

On Survival :
20% of Basic SA is payable after 5th, 10th and 15th year of policy.
Maturity Time 40% of Basic Sum Assured + Ve sted Bonus + FAB if any.

Surrendered Value :
The policy can be surrendered for cash prov ided atleast two full years premiums hav e 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 ful l years.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).

25Year Money Back

This is a limited premium payment, non-linked, with profits Money Back Plan.



Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
25 Year

PPT :
20 Year

Minimum Entry Age :
13year Completed

Maximum Entry Age :
45 Year (Nearest Birthday)

Maximum Maturity Age :
70 Year

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Sum Assured on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium.
Death Benefit shall not be less than 105% of total premiums paid as on date of death.
The premiums exclude taxes, extra premium and rider premiums.

On Survival :
15% of Basic SA is payable after 5th, 10th, 15th and 20th year of policy.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The policy can be surrendered for cash provided atleast 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 sec 10(10D).

Bima Bachat

Bima Bachat Plan is a single premium, non-linked, with profits Money Back type Plan



Bima Bachat Plan is a single premium, non-linked, with profits Money Back type Plan.

Premium Payment Mode:
Single Premium

Term :
9 Year
12 Year
15 Year
Minimum Entry Age :
15 Year Completed

Maximum Age at Maturity:
Term 9yr then 59yr (Nearest Birthday)
Term 12yr then 62yr (Nearest Birthday)
Term 15yr then 65yr (Nearest Birthday)

Maximum Entry Age :
50 Year Completed

Minimum Sum Assured :
Term 9yr then 35,000
Term 12yr then 50,000
Term 15yr then 70,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Policy Benefits :
On Death :
During 1st five years policy years : Sum Assured only.
After completion of five policy years : Sum Assured + Loyalty Addition, if any.

On Survival : For Policy Term of 9 years : 15% of SA, after 3rd and 6th policy year.
For Policy Term of 12 years : 15% of SA, after 3rd ,6th and 9th policy year.
For Policy Term of 15 years : 15% of SA, after 3rd ,6th,9th and 12th policy year .

At Maturity Time :
Single Premium Paid + Loyalty Additions, if any.

Surrendered Value :
The policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Guaranteed Surrender Value :
First year: 70% of the Single Premium excluding taxes and extra premium,if any.
Thereafter: 90%of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.

Loan :
Loan facility is available under this plan at any time after completion of one policy year.

Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.

Jeevan Shiromani

Jeevan Shiromani plan is a non-linked, with-profits, limited premium payment money back life insurance plan especially designed for targeted segment of High Net-worth Individuals.



Premium Payment Mode :
Yearly, Halfly, Quarterly, Monthly(ECS)

Term/Ppt :
14/10, 16/12, 18/14 and 20/16 Years

Minimum Entry Age :
18 Years completed

Maximum Entry Age :
55 Years (Nearer Birthday) for Term 14
51 Years (Nearer Birthday) for Term 16
48 Years (Nearer Birthday) for Term 18
45 Years (Nearer Birthday) for Term 20

Maximum Maturity Age :
69 Years (Nearer Birthday) for term 14
67 Years (Nearer Birthday) for term 16
66 Years (Nearer Birthday) for term 18
65 Years (Nearer Birthday) for term 20

Minimum Sum Assured :
Rs 1 crore (Multiple of 5 lakhs thereafter)

Maximum Sum Assured :
No Limit

Guaranteed Addition :
Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT

Policy Benefits :
On Death :
Death during 5 yrs : SA on Death + GA
Death after 5 yrs : SA on Death + GA + LA
SA on Death : 125% of BSA or 7 times AP or 105% of Premiums Paid

Survival Benefits :
For 14 yrs policy : 30% of BSA in 10th and 12th year
For 16 yrs policy : 35% in 12th and 14th year
For 18 yrs policy : 40% in 14th and 16th year
For 20 yrs policy : 45% in 16th and 18th year
Maturity time : Remaining SA with GA + LA

Inbuilt Critical Illness Benefit:
10% of BSA on diagnosis of 15 Critical diseases + Premium is deferred for 2 Years w/o interest.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided atleast 1 full years premiums have been paid.

Loan :
Loan Facility is available under this plan, after payment of premiums for at least 1 full years.

Bima Shree

Bima Shree plan is a non-linked, with-profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakh especially designed for targeted segment of High Net-worth Individuals.



Premium Payment Mode :
Yearly, Halfly, Quarterly, Monthly(ECS)

Term/Ppt :
14/10, 16/12, 18/14 and 20/16 Years

Minimum Entry Age :
8 Years completed

Maximum Entry Age :
55 Years (Nearer Birthday) for Term 14
51 Years (Nearer Birthday) for Term 16
48 Years (Nearer Birthday) for Term 18
45 Years (Nearer Birthday) for Term 20

Maximum Maturity Age :
69 Years (Nearer Birthday) for term 14
67 Years (Nearer Birthday) for term 16
66 Years (Nearer Birthday) for term 18
65 Years (Nearer Birthday) for term 20

Minimum Sum Assured :
Rs 10 lakh (Multiple of 1 lakhs thereafter)

Maximum Sum Assured :
No Limit

Guaranteed Addition :
Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT

Policy Benefits :
On Death :
Death during 5 yrs : SA on Death + GA
Death after 5 yrs : SA on Death + GA + LA
SA on Death : 125% of BSA or 7 times AP or 105% of Premiums Paid

Survival Benefits :
For 14 yrs policy : 30% of BSA in 10th and 12th year
For 16 yrs policy : 35% in 12th and 14th year
For 18 yrs policy : 40% in 14th and 16th year
For 20 yrs policy : 45% in 16th and 18th year

New Critical Illness Benefit Rider available.
Premium Waiver Benefit Rider available.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid.

Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

Jeevan Tarun

Jeevan Tarun Plan is non-linked, with-profits, Limited premium payment plan specially designed to meet the educational and other needs of growing children.



Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
25 Age at Maturity Time
[25-Age at entry]Years

PPT :
[20-Age at entry]Years

Minimum Entry Age :
0 Year Last Birthday

Maximum Entry Age :
12 Year Last Birthday

Minimum Sum Assured :
75,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Policy Benefits :
On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 7 times of annualized premium or Absolute amount assured to be paid on death i.e. 125% of Sum Assured This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :
Option is chosen at proposal stage.
Option-1: No Survival,Maturity Benefit 100% S.A.
Option-2: 5% S.A. every year For 5 Years from age 20 to 24,Maturity Benefit 75% S.A.
Option-3: 10% S.A. every year For 5 Years from age 20 to 24,Maturity Benefit 50% S.A.
Option-4: 15% S.A. every year For 5 Years from age 20 to 24,Maturity Benefit 25% S.A.

Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full two years.

Loan :
Loan facility is available under this plan after the payment of premiums for at least two 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 sec 10(10D).

Jeevan Umang

Jeevan Umang Plan is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on death of the policyholder during the policy term.



Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
[100 - age entry] Year

PPT :
15 year
20 year
25 year
30 year

Minimum Entry Age :
[90]days (completed)

Maximum Entry Age :
55 years (Nearest Birthday) for PPT = 15
50 years (Nearest Birthday) for PPT = 20
45 years (Nearest Birthday) for PPT = 25
40 years (Nearest Birthday) for PPT = 30

Minimum age at the end of the PPT :
[30]years(Nearest Birthday)

Maximum age at the end of the PPT :
[70]years(Nearest Birthday)

Age at Maturity :
[100]years(Nearest Birthday)

Minimum Sum Assured :
2,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.


Maximum Accidental Benefit Rider shall be available during the ppt only.


Policy Benefits :


On Death :
On death before the commencement of Risk:
An amount equal to the total amount of premium/s paid without interest shall be payable.
On death after commencement of Risk:
Sum Assured on Death+vested simple reversionary Bonus + FAB if any.
Where Sum Assured on Death is defined as the highest of
Basic Sum-Assured,OR
7 times of Annualized Premium, OR
105%of all Premiums paid as on death

On Survival :
On survival 8% of Basic Sum Assured shall be payable each year.

Contact Info

9/336 Mandoli Extension,Delhi-110093

9971710099

24policybigbazar@gmail.com,parmeshguptalic@gmail.com