LIC Money Back Policy 15-Year Plan (Plan No. 106) is a limited premium money back plan that provides both protection and savings. It is a participating plan, which means that it participates in the profits of LIC and policyholders can earn bonuses on their premiums.



Features of LIC Money Back Policy 15-Year Plan

  • Survival benefits: 20% of the sum assured is payable at the end of each 5th, 10th, and 15th policy year.
  • Maturity benefit: 40% of the sum assured along with vested simple reversionary bonuses and final additional bonus, if any, is payable at the end of the policy term.
  • Death benefit: In case of death of the policyholder during the policy term, the full sum assured along with vested bonuses is payable to the nominee.
  • Accident benefit: An additional sum assured of up to Rs. 5 lakhs is payable in case of accidental death of the policyholder during the premium paying term.

Eligibility for LIC Money Back Policy 15-Year Plan

  • Age: 18 years to 50 years
  • Sum assured: Rs. 25,000 to Rs. 50 lakhs
  • Policy term: 15 years

Benefits of LIC Money Back Policy 15-Year Plan

  • Provides both protection and savings
  • Guaranteed returns on premiums
  • Opportunity to earn bonuses
  • Tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961

Who should buy LIC Money Back Policy 15-Year Plan?

LIC Money Back Policy 15-Year Plan is a good option for people who are looking for a life insurance plan that provides both protection and savings. It is also a good option for people who have short-term financial goals, such as children's education or marriage.

How to buy LIC Money Back Policy 15-Year Plan

LIC Money Back Policy 15-Year Plan can be purchased from any LIC agent or through LIC's online portal. To purchase the policy, you will need to fill out a proposal form and submit it along with the required documents and premium payment.

Overall, LIC Money Back Policy 15-Year Plan is a good option for people who are looking for a life insurance plan that provides both protection and savings. It is a participating plan with guaranteed returns and the opportunity to earn bonuses.