Money Back Policy Twenty Five years, Life Insurance Corporation Money Back Plans, India Insurance

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Money Back Policy Twenty Five years:

The Money Back Policy plan where allows one to receive money periodically and at regular intervals during the policy term itself. This is an exclusive plan and works really well with salaried employees.

In a twenty-five year money back policy, you will receive fifteen percent of the sum assured after the fifth, tenth, fifteenth and twentieth years.  At the end of the twenty fifth year, the remaining forty percent of the sum assured will be paid to you.  Monthly, quarterly or half yearly and annual premiums can be paid.

Bonus is paid after the premiums have been paid in the initial period of a few years.  This plan is business related and hence the benefits of bonus are many.

LIC's Money Back Policy - Twenty Five Years offers many benefits
On death of the life insured, this plan provides for the beneficiary the sum assured along with all the bonuses, even though a part of the amount has already been received while the person was alive.
 
At the time of maturity, the life insured will receive the sum assured as well as he will receive as a lump amount of all the bonuses that are applicable to him during the policy term.  Supplementary policy benefits can be opted for to receive additional protection.

By surrendering your policy after the completion of three policy years, you can avail of the surrender value too.  This is a way out when one faces major difficulties and is unable to continue paying premiums.  The money paid already does not get lost but instead one can benefit through bonuses as well.

LIC's Money Back Policy - Twenty Five Years is a policy which secures your life as well as your family against death by providing superior financial security so that your financial obligations can be taken off without any problems. 

Life without money is useless, LIC has taken care of that point and given the policy holders the joy of life with the required money too.