LIC New Money Back Plan 20 Years (Plan 920) is ideal if you want money at regular intervals - not just at the end. You get 20% of your sum assured at the 5th, 10th, and 15th year, then 40% plus full bonus at maturity.
Survival benefit schedule:
- ▸End of year 5: 20% of SA
- ▸End of year 10: 20% of SA
- ▸End of year 15: 20% of SA
- ▸Maturity (year 20): 40% of SA + full vested bonus + FAB
Example - SA ₹5,00,000:
- ▸Year 5: ₹1,00,000
- ▸Year 10: ₹1,00,000
- ▸Year 15: ₹1,00,000
- ▸Maturity: ₹2,00,000 + ₹4,20,000 (bonus est.) = ₹6,20,000+
- ▸Total received: ₹9,20,000+
Death benefit: Full SA + bonuses at any point during the term - not the reduced survival amounts.
Best for:
- ▸Funding children's school milestones (year 5, 10, 15)
- ▸Paying for higher education (year 15 payout)
- ▸Business owners needing periodic liquidity
Call Ajay ji at 9415313434 for a personalised illustration.
