LIC’s NEW MONEY BACK PLAN

25 Years

( Plan No. 821 )

UIN:51278VO1

Money Back Plan -25 yearsPlan No. 93

New Money Back Plan – 25 yearsPlan No. 821

Maturity Benefit Maturity Benefit

40% of the Basic Sum Assured along with

Vested Simple Reversionary Bonuses and

Final Additional Bonus, if Any.

40% of the Basic Sum Assured along with

Vested Simple Reversionary Bonuses and

Final Additional Bonus, if Any

Death Benefit Death Benefit

Sum Assured(SA) along with Vested Simple Reversionary Bonuses and

Final Additional Bonus, if any.

‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses

and Final Additional Bonus, if any.

The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death .

Modification- ‘Sum Assured on Death' instead of SA

No change

LIC’s New Money Back Plan -25 years ~ Benefits

What is Sum Assured on Death?

Sum Assured on Death shall be Higher of ~

125% of Basic Sum Assured (1.25 x BSA)

OR

10 times Annualised Premium.(10 x AP).

[*Premiums - excluding taxes, extra premiums and premiums for

riders, if any]

LIC’s New Money Back Plan -25 years ~ Benefits

Survival BenefitPolicy Year 5th 10th 15th 20th

Survival Benefit Payable

15% 15% 15% 15%

LIC’s New Money Back Plan -25 years ~ Benefits

NO Change in SB

Paid-up Value modified

ParticularsMoney Back Plan -25 years

( Plan No. 93)New Money Back Plan – 25

years ( Plan No. 821)

Age at entry 13 to 45 years 13 to 45 years

Age at Maturity Maximum 70 years Maximum 70 Years

Policy Term 25 years 25 years

Premium Paying Term

25 Years 20 Years

Premium modeYearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

Basic Sum Assured

50,000 and above1,00,000 and above ( In multiples of 5000)

Premium Paying term modified

LIC’s New Money Back Plan -25 years ~ Eligibility Conditions and Restrictions

Minimum SA modified

ModeRebate

Plan No. 93 Plan No. 821

Yearly 3% of tabular Premium 2% of tabular premium

Half-yearly 1.5% of tabular premium 1% of tabular premium

Quarterly Nil Nil

Money Back Plan -25 yearsPlan No. 93

New Money Back Plan – 25 yearsPlan No. 821

Basic Sum AssuredRebate (Rs.)

Basic Sum Assured Rebate (Rs.)

1,00,000 and above 2.00‰ SA 5,00,000 and above 3.00‰ BSA

50001 to 1,00,000 1.00‰ SA 2,00,000 to 4,95,000 2.00‰ BSA

Upto 50000 Nil 1,00,000 to 1,95,000 Nil

Slab & Rate modified

Rate modified

LIC’s New Money Back Plan -25 years ~ Rebates

Money Back Plan -25 yearsPlan No. 93

New Money Back Plan – 25 yearsPlan No. 821

Available after payment of 3 full years

premiums.

Available after payment of 3 full years premiums.

Loan granted shall be 90% of the

Surrender Value in case of inforce

policies and 85% of the Surrender

Value in case of Paid-up policies.

The maximum amount of loan that can be granted

as a percentage of Surrender Value be as under:

For inforce and fully paid-up policies – upto 90%

For paid-up policies – 80%

Foreclosure action shall be initiated on

default of 2 or more half-yearly loan

interest installments.

Foreclosure action shall not be taken under fully

paid-up and inforce policies even if there is

default of loan interest.

% of loan modified

LIC’s New Money Back Plan -25 years ~ Loan

Plan No. 93 Plan No. 821

Guaranteed Surrender Value (GSV) Guaranteed Surrender Value (GSV)

Available after payment of 3 full years premiums.

Available after payment of 3 full years premiums.

Before Payment of Survival Benefit:GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any.After Payment of Survival Benefit:GSV shall be 30% of the premiums paid after the due date on which last SB was paid less extra premium, if any.

GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders, if opted for. Less any Survival Benefits already paid.Examples of GSV factors applicable for total premiums paidPolicy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term)

Cash Value of vested bonuses, if any. GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors –Year of SV – Factor 3 15.28% 20 21.99% 24 30%

GSV % modified

Bonus Payable modified

No Change

LIC’s New Money Back Plan -25 years ~ Surrender Value

Money Back Plan -25 yearsPlan No. 93

New Money Back Plan – 25 yearsPlan No. 821

Special Surrender Value (SSV) Special Surrender Value (SSV)

Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.

Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.

The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.

The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.

Surrender Value Payable Surrender Value payable

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

No change in SSV

LIC’s New Money Back Plan -25 years ~ Surrender Value

Money Back Plan -25 yearsPlan No. 93

New Money Back Plan – 25 yearsPlan No. 821

A Policy may be revived within a period of 5 years from the date of first unpaid premium.

A Policy may be revived within a period of 2 years from the date of first unpaid premium.

Taxes, if any , were borne by the Corporation.

Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.

There shall be no change in the following Items

Back Dating

Grace Period

Assignment/Nomination

LIC’s New Money Back Plan -25 years