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Home » LIC Calculators » LIC Money Back Policy 20 years Premium calculator for Sample Premiums

LIC Money Back Policy 20 years Premium calculator for Sample Premiums

April 1, 2016 By onlinelic

LIC Money Back policy 20 years premium calculator

Contents

  • 1 LIC Money Back policy 20 years premium calculator Introduction
  • 2 LIC Money Back Policy Premium Calculator Parameters
  • 3 LIC Money Back Policy Premium Calculator
  • 4 Related LIC Money Back Plans Premium Calculators

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.

Entry Age
  • Minimum: 15 years.
  • Maximum: 30 years.
Sum Assured
  • Minimum: 1,00,000/-
  • Maximum: No Limit.
Policy Term
  •  Maximum: 20 years.
Maturity Age
  • Maximum: 70 Years.
Premium payment mode
  • Yearly/Half-yearly/quarterly.

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

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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.

Related LIC Money Back Plans Premium Calculators

Lic Money Back 25 Years Calculator

LIC Jeevan Shagun Calculator

LIC New Children Money Back Policy Calculator

LIC New Bima Bachat Premium Calculator

Filed Under: LIC Calculators Tagged With: LIC Money back plans Calculator, lic money back policy 20 years premium calculator, money back policy premium calculator, new money back policy premium calculator

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