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 Lic Money Back 20 years Policy Premium Calculator
- 5 Lic Money Back 20 Years Policy Premium amount, Maturity amount and Benefit illustration
- 6 Lic Money Back 20 years Policy Premium Amount
- 7 Lic Money Back 20 years Medical Requirements
- 8 Lic Money Back 20 years Policy Benefit Illustration
- 9 Lic Money Back 20 years Policy Survival Benefit Calculator
- 10 Lic Money Back 20 years Policy Maturity Benefit Calculator
- 11 Related LIC Money Back Plans Premium Calculators
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 |
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| Sum Assured |
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| Policy Term |
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| Maturity Age |
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| Premium payment mode |
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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
Lic Money Back 20 years Policy Premium Calculator
Lic Money Back 20 Years Policy Premium amount, Maturity amount and Benefit illustration
| Name | VIJAY | Age | 20 | |
| Term: | 20 | Sum Assured: | 300000 | |
| Tabular Premium: 78.00 | ||||
| Premium Paying Term: 15 | ||||
Lic Money Back 20 years Policy Premium Amount
| First Year Premium | |||
| Mode of Payment | without tax | Tax | with tax |
| Yearly Premium | 22692 | 701 | 23393 |
| Half-Yearly Premium | 11463 | 354 | 11817 |
| Quarterly Premium | 5790 | 179 | 5969 |
| Monthly Premium | 1930 | 60 | 1990 |
| Second Year onwards Premium | |||
| Mode of Payment | without tax | Tax | with tax |
| Yearly Premium | 22692 | 351 | 23043 |
| Half-Yearly Premium | 11463 | 177 | 11640 |
| Quarterly Premium | 5790 | 89 | 5879 |
| Monthly Premium | 1930 | 30 | 1960 |
Lic Money Back 20 years Medical Requirements
| Medical Requirements |
| NIL |
Lic Money Back 20 years Policy Benefit Illustration
| Age | Policy Year | Premium Paid | Tax Saving | Natural Death Coverage | Accident Death Coverage | Bonus | Cash Value | Loan value |
| 20 | 2014 | 22,692 | 22,692 | 386,700 | 686,700 | 11,700 | 0 | 0 |
| 21 | 2015 | 22,692 | 22,692 | 398,400 | 698,400 | 23,400 | 0 | 0 |
| 22 | 2016 | 22,692 | 22,692 | 410,100 | 710,100 | 35,100 | 26,116 | 23,504 |
| 23 | 2017 | 22,692 | 22,692 | 421,800 | 721,800 | 46,800 | 53,143 | 47,829 |
| 24 | 2018 | 22,692 | 22,692 | 433,500 | 733,500 | 58,500 | 66,693 | 60,023 |
| 25 | 2019 | 22,692 | 22,692 | 445,200 | 745,200 | 70,200 | 80,417 | 72,375 |
| 26 | 2020 | 22,692 | 22,692 | 456,900 | 756,900 | 81,900 | 93,820 | 84,438 |
| 27 | 2021 | 22,692 | 22,692 | 468,600 | 768,600 | 93,600 | 111,836 | 100,653 |
| 28 | 2022 | 22,692 | 22,692 | 480,300 | 780,300 | 105,300 | 131,121 | 118,009 |
| 29 | 2023 | 22,692 | 22,692 | 492,000 | 792,000 | 117,000 | 151,715 | 136,543 |
| 30 | 2024 | 22,692 | 22,692 | 503,700 | 803,700 | 128,700 | 173,705 | 156,335 |
| 31 | 2025 | 22,692 | 22,692 | 515,400 | 815,400 | 140,400 | 197,119 | 177,407 |
| 32 | 2026 | 22,692 | 22,692 | 527,100 | 827,100 | 152,100 | 222,061 | 199,855 |
| 33 | 2027 | 22,692 | 22,692 | 538,800 | 838,800 | 163,800 | 248,592 | 223,733 |
| 34 | 2028 | 22,692 | 22,692 | 550,500 | 850,500 | 175,500 | 276,858 | 249,173 |
| 35 | 2029 | 0 | 0 | 562,200 | 862,200 | 187,200 | 306,995 | 276,295 |
| 36 | 2030 | 0 | 0 | 573,900 | 873,900 | 198,900 | 339,147 | 305,233 |
| 37 | 2031 | 0 | 0 | 585,600 | 885,600 | 210,600 | 373,542 | 336,188 |
| 38 | 2032 | 0 | 0 | 597,300 | 897,300 | 222,300 | 411,608 | 370,448 |
| 39 | 2033 | 0 | 0 | 609,000 | 909,000 | 234,000 | 444,972 | 400,475 |
Lic Money Back 20 years Policy Survival Benefit Calculator
| Year | Survival Benefits |
| 5th year | 60,000 |
| 10th year | 60,000 |
| 15th year | 60,000 |
Lic Money Back 20 years Policy Maturity Benefit Calculator
| Maturity Benefit | 366,000 |
| Survival Benefits | 180,000 |
| Total Maturity Benefits | 546,000 |
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
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i h a 20 yr money back policy no. 171879642 purchased on 28/2/2000.
what is the surrender value of the policy as on 14/7/2015. plz inform
I want to Know more about it.
AT-KULAMUNDA P/o-LATHIKATA P/S-LATHIKATA Dist-SUNDERGRAH (ODISHA) Pin no-770037
Clear your doubt / query about Lic plan and policy….in GURGAON and delhi……NCR….
भारतीय जीवन बीमा निगम.
Manoj Sharma
mnjshrm638@gmail.com
9911335083..