LIC Money Back policy 20 years premium calculator Introduction
By using LIC Money Back Policy 20 years Premium calculator you can calculate the premium that has to be paid to get all the benefits covered under this policy. You can calculate the premium in simple steps by using LIC New Money Back Plan Premium Calculator available in this page. You can choose any of the premium paying modes in LIC Money Back Policy 20 years Premium Calculator according to your requirements like, yearly, half-yearly, quarterly, monthly premium payment modes. You can also pay the premium through salary deductions. Single Premium payment is not allowed in LIC(Life Insurance Corporation of India) Money Back Plans.
LIC Money Back Policy 20 years is a non-linked insurance plan. In LIC New Money Back Plan 20 years policyholder will get survival benefits periodically for 5th, 10th and 15th year. On the completion of policy period Policyholder will receive sum assured – Survival Benefits paid+Bonus+FAB(Final Additional Bonus) as Maturity Benefit. If the death of the insured person happens within the policy term the nominee will get 125% of the Sum assured+FAB (if any) +Simple Reversionary Bonus as death benefit.
LIC Money Back Policy Premium Calculator Parameters
In LIC Money Back Policy 20 years you have to meet the below eligibility conditions such as minimum and maximum entry age, Sum Assured, Policy Term and Maturity Age to calculate the premium using new money back policy premium calculator and maturity calculator. The following table will help you to know the eligibility conditions to get the LIC of India Money Back Policy Premium Calculator.
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LIC Money Back Policy Premium Calculator
You have to fill the below details of Lic’s New Money Back Plan 20 years Premium Calculator which are to be required to calculate the premium to be paid. You can also calculate the coverage amount that you can get under death benefit and Maturity Benefit, and also you can also calculate loan value and Bonus that will be available to you by using LIC New Money Back Plan Premium Calculator
Here we are providing the Estimated Premiums. To calculate exact premiums, use LIC of India Premium Calculator available in its official website www.licindia.in.