LIC New Plan New Money Back Plan 25 (Table No. 821)

LIC New Plan New Money Back Plan 25 (Table No. 821) implemented.
INTRODUCTION: It has been decided to introduce LIC’s New Money Back Plan (Plan No. 821) with effect
from 6th January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is -
512N278V01. This number has to be quoted in all relevant documents furnished to the Policyholders
and other users (public, distribution channels).This is a non linked with profits limited premium payment
plan.
BENEFITS:
The benefits payable under an inforce policy are as under:
Benefits payable on death:
On death of the Life Assured during the policy term the Death Benefit, defined as sum of “Sum Assured
on Death”, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable,
where, “Sum Assured on Death” is defined as higher of 125% of Basic Sum Assured or 10 times of
annualized premium. This Death Benefit (as defined above) shall not be less than 105% of total
premiums paid as on date of death. The premiums mentioned above exclude taxes, extra premium and
rider premiums, if any.
Survival Benefit:
On the Life Assured surviving to the end of the specified durations i.e. 5th 10th,15th & 20th policy year,
15% of basic sum assured is payable.
Maturity Benefit:
On the Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with
vested Reversionary Bonuses and Final Addition Bonus if any shall be payable.
Participation in Profits:
Depending upon the Corporation’s experience the policies shall participate in the profits and shall be
eligible for simple reversionary bonus at such rate and on such terms as may be declared by the
Corporation. Final Additional Bonus may also be declared under the policy which will be payable on the
expiry of the policy term or on earlier death provided the policy has run for certain minimum term.
OPTIONAL BENEFIT:
This plan provides the following optional rider by payment of additional premium:
LIC’s Accidental Death and Disability Benefit Rider UIN ( 512B209V01): LIC’s Accidental Death and
Disability Benefit Rider is available as an optional rider by payment of additional premium during the
term of the policy. If there be more policies than one and if the total Accident Benefit exceeds Rs.50
lakhs, the benefits shall apply to the first Rs. 50 lakhs Sum Assured in order of date of policies issued.
If this benefit is opted for, an additional amount equal to the Accident Benefit Sum Assured is payable
on death due to accident, provided the rider is in force at the time of accident.
ELIGIBILITY CONDITIONS AND RESTRICTIONS:
For Basic Plan:
1) Minimum Age at entry for Life Assured : 13 years (completed)
2) Maximum Age at entry for Life Assured : 45 years (nearest birthday)
3) Policy Term : 25 years
4) Premium Paying Term : 20 years
5) Minimum Basic Sum Assured : Rs. 1,00,000/-
6) Maximum Basic Sum Assured : No Limit
7) Maximum Maturity Age for Life Assured : 70 years (nearest birthday)

The Basic Sum Assured shall be in multiples of Rs. 5000/-.
For Accident and Disability Benefit Rider:
Minimum Entry Age : 18 years (completed)
Maximum Entry Age : the cover can be opted for at any policy
anniversary during the premium paying term
Maximum Cover ceasing Age : 70 years nearest birthday.
Minimum Accident Benefit Sum Assured : Rs. 1,00,000/-
Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured subject to the
maximum of Rs.50 lakh overall limit taking all existing policies of the Life Assured under individual as
well as group policies including policies within built accident benefit taken with Life Insurance
Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.
The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.
MODE OF PREMIUM PAYMENT:
The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS or
through salary deductions).

For Any Clarification or More Information Regarding the Plan/ Investment, Please Call to us: +91 9885126368, and +91 9246826368, or Write to us through the ‘E-mail Us’:- licbestplang@gmail.com, www.plotsinhyd.com