LIC’s New Money Back Plan-20 years - Summary
The LIC’s New Money Back Plan-20 years is a great insurance plan that provides financial security while also offering benefits at certain stages. This plan is both participating and non-linked, meaning it helps you earn bonuses based on the insurer’s performance, while also ensuring your family is protected against any unforeseen events. With this plan, you get a good mix of life cover and money returns, making it a smart choice to secure your family’s future. You can download a PDF version of this detailed guide for more information.
Benefits of LIC’s New Money Back Plan
This plan gives you protection against death throughout its term. Along with this, you receive money at specific times during the plan based on how long you have been a part of it. It is designed to make sure your family stays financially secure even when you are not around.
How the Plan Works
As you pay your premiums, LIC gives you regular benefits after specific intervals. This means that at certain key points in your life, you will receive money which can help you meet important expenses. The remaining amount stays invested, continuing to provide you coverage until the end of the policy term.
By choosing LIC’s New Money Back Plan, you ensure that you enjoy the benefits of both protection and savings over 20 years. It’s a well-rounded choice for anyone looking to plan for the future.
Don’t forget, you can easily download the PDF to understand more about the features and benefits of this wonderful insurance plan.