LIC’s New Money Back Plan 721
| AWESOME PLAN BENEFITS FOR YOU | ₹ | Amount |
|---|---|---|
| 1. Money Back at 5th Year: 15% of Sum Assured |  |
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| 2. Money Back at 10th Year: 15% of Sum Assured | |
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| 3. Money Back at 15th Year: 15% of Sum Assured | |
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| 4. Money Back at 20th Year: 15% of Sum Assured | |
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| 5. Money Back on 25th Year: | ||
| 40% of Sum Assured + Bonus + Loyalty Additions: + + |  |
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| BENEFIT 1: Total TAX FREE returns on th year |  |
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| BENEFIT 2 : Aprox Loan available from 3rd year |  |
| BENEFITS FOR NOMINEE / FAMILY AFTER YOU | ₹ | Amount |
|---|---|---|
| On death on or before before th year of plan maturity : | ||
| 1. Guaranteed Life Insurance |  |
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| 2. If Accidental Rider Opted: DAB will be paid |  |
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| 3. Accumulated Bonus+ FAB | |
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| Total TAX FREE benefit to Nominee: | |
Death benefits illustration is calculated assuming death of life assured occurs before a year of maturity.
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PAY PREMUM
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Buy Now
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YEARLY
- Save 2%
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HALF YEARLY
- Save 1%
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PAY PREMUM
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Buy Now
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QUARTERLY
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MONTHLY
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| Secure options to Pay by Credit Card | Debit Card | Net Banking | UPI conveniently |
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| Your data transactions are secure with SSL certificate, payments through RBI approved PCI-DSS certified payment gateways on LIC's digital portal |
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Why you should buy LIC plans? LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956) |
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Instant 18% Savings: When you buy online, you save on the 18% GST entirely. This 0% GST benefit stands addtional savings in contrast to most other investment products. |
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Save 30% tax on Maturity returns: Enjoy tax-free maturity and claim amounts under Section 10(10D). This means upto 30% more take-home returns for you compared to taxable Bank FDs, Mutual funds and stock investments. |
LIC Moneyback Plan Online
Most popular Money Back plan and tax saving plan in INDIA.
Frequent MoneyBack
LIC money back plan offers more peace of mind, than knowing that you will be getting fixed and guaranteed money every 5 years.
Life Cover without Premium payment
Enjoy 5 years of Life Cover without premium payment for the last 5 years of the plan. Also money back every 5 years means you are enjoying life cover with money still in your hands.
Perfect plan for savings with safe returns.
Provide security to your invested money with trust of LIC by millions of Indians and safe returns. Have peace of mind once you buy plan.
Benefits of LIC Moneyback Policy Online
LIC Money back plan is a flexible plan with an attractive combination of protection against death throughout the policy term along with periodic payouts.
| a) | Money Back | : | Money Back or periodic payouts are given every 5 years to the policyholder throughout the policy term. 15% of Basic Sum Assured in given as the moneyback in this plan. |
| b) | Maturity benefit | : | In case the policyholder survives the policy period, maturity given will be the remaining 40% of the Basic Sum Assured + Bonus Accrued |
| c) | Tax benefit | : | This LIC moneyback plan helps you reduce your taxable income by investing up to Rs.1.5 lakh under Section 80C.The claims or maturity and the money back amount received is also tax free under 10(10D). |
| d) | Riders | : | You can choose from a variety of Riders. Accidental Rider is most commonly opted. For a nominal premium, get double your Basic Sum Assured. |
Eligibility Conditions for LIC Moneyback Policy Online
| a) | Minimum Basic Sum Assured | : | Rs. 2,00,000 |
| b) | Maximum Basic Sum Assured | : | No limit |
| c) | Policy Term | : | 25 years |
| d) | Premium Paying Term | : | 20 years |
| e) | Minimum Age at entry | : | 13 Years Completed |
| f) | Maximum Age at Entry | : | 45 Years (Age Nearer Birthday) |
| g) | Maximum Age at Maturity | : | 70 years |
FAQs about LIC Moneyback Policy Online
Who can buy LIC Money Back Plan?
LIC Money Back Plan is one of the top selling Life Insurance plans in India. LIC Money Back plan is most suited for modern working women of young India. It offers great flexibility to fulfill all her needs. Also best suited plans for Software Engineers, Doctors, professionals and self Employed etc..
Do I pay the premium Monthly or Annually?
LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.
How can I save Income Tax with this plan?
All premiums paid towards your LIC Moneyback policy is considered for Income Tax saving under Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year.
When is the best time to start investing in LIC MoneyBack Plan?
Now is the best time!! Ideally one should start with tax saving LIC Moneyback policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement, save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.
When should I start LIC Moneyback in the Finanical Year for Tax Saving?
Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.
Are the maturity benefits or returns from LIC Money Back Plan Tax free?
All returns or proceeds including the periodic money back amount, bonus, sum assured or surrender value from LIC Money Back plan are Tax free under Income Tax Act 10(10D)
Premium Options
The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.
Loan on Policy
Policyholder can avail loan on policy after 3 successful years of premium payment.
Policy Bond
Your LIC policy bond will be issued after acceptance of your online proposal.
Bonus
Bonus added to your policy at the end of every financial year and paid on maturity along with sum assured.
Why buy LIC Moneyback Policy Online?
India's Only Insurance Company with Sovereign guarantee by Govt of India.
All LIC policies come with a Sovereign Guarantee from Govt of India. Your money is safe and guaranteed by Government. This makes LIC a most proffered Insurance company than Private Life Insurance company when it comes to buying new LIfe Insurance Policy.
Most trusted Brand of India
14,000+ Crores New premium paid every year by Indians.
LIC has King share of Life Insurance Business around more than 75% in India. People prefer LIC over Private Life Insurance plans how ever attractive promises they make due to trust and uncertainty of Private Companies Promises.
Easy Online Buying KYC Process
We assure hassle free online buying process. Buy online from the comfort of your house and digital consultation if required. KYC is also done online.
Compliant with RBI and IRDAI approvals.
Whey go anywhere else or Agents?
Secure Payment Options
Online payment options like Debit/Credit card, UPI payments,PayTM, Bhim, Google pay etc. Integrated through RBI approved PCI compliant payment gateway.
Unbiased Sales process
LIC is a leading brand, hence we help you choose the right plan without any biased opinion. Honest and transparent information shown to you and you can chose yourself based on your need.
No Misselling
You choose your own plan from our Website. See illustrations and expected return instantly and make baying decision. Understand the plan which best suits your needs. No misspelling or forced selling by intermediaries.
