New Money Back plan - 20 years provides three money backs which are 20% of Sum Assured on completion of 5th, 10th & 15th year of policy and on completion of policy term (20 years) 40% of Sum Assured + Bonus + FAB is also provided as maturity amount. Please provide following details to calculate Maturity.
Wrote : 18-03-2017 20:14:30
Hello Greetings, Sir, I took a 20 years plan and my sum assured is 2 lakhs can you pls let me know what will be my premium amount half yearly actully i already paid my two premium but the problem is both the time i asked to pay different amount. Pls let me know Thanks
Replied : 18-03-2017 21:39:43
When did you bought this plan and what was your age at the time of purchase? It will better to register your policy with LIC and know the premium and other details.
Wrote : 05-03-2017 19:11:26
Sir I have a 20 yr money back policy and my premium amount is 6426/6month,kindly what amount I will get after 20 year I mean maturity amount .
Replied : 05-03-2017 20:25:30
Please find your sum assured on your receipt or policy document and use above calculator.
Wrote : 09-02-2017 15:51:40
hi, sir/madam, i have been shortley opend new lic (new money back policy)20 years. my policy no is(896014181). i paid it amount by cheque. but i never got my LIC FIRST PAYMENT RECEIPT
Replied : 09-02-2017 16:10:48
You can contact your branch or agent for the same.
Wrote : 12-10-2016 12:58:24
Hi, If i'm taking a sum assured of 1000000 INR "In case of death during policy term, 125% of Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee." Is this mean 1250000+2000(Assuming)+ 1289000. Please clarify. Thanks in Advance.
Replied : 12-10-2016 13:42:51
Yes, but the bonus is accumulated bonus, which means it will be increasing as the policy term progresses. You may use above calculator for year-wise approx accumulated bonus.
Wrote : 27-03-2016 14:10:28
I had taken new endowment plan for 20 years. Sum assured is 210000. Half yearly payment of 5422. What will be my exact maturity amount..?
Replied : 27-03-2016 20:04:41
Exact maturity can only be calculated at the time of maturity only. pls maturity calculator for this plan for approx amount.