Money Back plan-75 | plan-93

Presenting New Money Back -
LIC’s most popular money plan
in two variants –
Plan 75 : A 20-year policy
Plan 93 : A 25-year policy
The original, basic money back policy
High liquidity
Helps to fulfil your regular needs as well as
long term needs
Guaranteed survival benefit : 15%/20% of
basic sum assured paid at regular intervals
of 5 years.
Survival benefits already paid, are not deducted,
if claim arises in case of unfortunate death.
A with-profit policy, bonus calculated on full sum
assured, despite regular survival benefit payouts.
Now, loans available under the policy
Optional benefits include term assurance rider and
critical illness rider on payment of small additional
premium.
Who can avail of this plan?
Minimum age at entry : 13 years (completed)
Maximum age at entry under Plan 75 : 50 years (nearest birthday).
Maximum age at entry under Plan 93 : 45 years (nearest birthday).
For how many years is risk cover available?
Under Plan 75 : policy term is 20 years.
Under Plan 93 : policy term is 25 years.
For what amount is risk cover available?
Minimum Sum Assured is Rs. 50,000. There is no maximum limit for
Sum Assured but it depends on income.
Is there any limit on maximum age at maturity?
Yes, maximum age at maturity allowed: 70 years.
For how many years is premium payable?
Throughout the term.
On death of the Life Assured during the term of cover under the rider, an amount equal to the Term Assurance Sum Assured will be payable. This benefit is available on payment of small additional premium.
Eligibility
(A) Minimum & maximum age at entry: 18 years (lbd) & 50 years (nbd)
(B) Maximum age at maturity : 60 years
(C) Minimum Sum Assured for the Term Rider : Rs. 1,00,000
(E) Minimum S.A. of main plan on which Term Rider is given : Rs.1,00,000
(F) Maximum S.A. for Term Rider: An amount equal to the Basic S.A.
subject to a max Rs. 25 lakhs overall
limit on term riders on all plans).
(G) Term : 10 to 35 years under regular premium policies;
5 to 35 years under Single premium policies
&15, 20 and 25 years under limited premium paying term policies.
This rider shall be allowed only if age at maturity under the main policy is less than or equal to 60 years. The policy term and premium paying term of the rider should match with the policy term and premium paying term under the main policy.
The Critical Illness Sum Assured will be payable on the life assured surviving for a period of 28 days from the date of occurrence of any of the following critical illnesses-
Heart Attack (Myocardial Infarction)
Stroke (Cerebro-vascular Accident)
Cancer
Kidney Failure
Major Organ transplant
Paralysis
3rd Degree Burns
Blindness
Coronary Artery By-pass Surgery
Heart Valve Replacement or Repair
Aorta Graft Surgery
Critical Illness Rider : Eligibility
(A) Minimum entry age : 18 yrs (completed)
(B) Maximum entry age : 50 yrs (nearer birthday)
(C) Maximum maturity age : 60 years
(D) Minimum Sum Assured for the Critical illness Rider : Rs.50,000/=
(E) Minimum Sum Assured of the Main plan on which the Critical illness
Rider can be given: Rs.50,000
(F) Maximum Sum Assured : An amount equal to the Basic Sum for the
Critical Illness Rider Assured, subject to a maximum of Rs.5,00,000.
(G) Term : 10 to 35 years under regular premium
5 to 35 years under Single premium
and 15, 20 & 25 years under limited premium paying term policies.
This rider is allowed only if the maturity age under main policy is not greater than 60 years.
The policy term and premium paying term of the rider should match with the policy term and premium paying term under the main policy.

Death Cover :
Sum Assured + Vested Bonuses + Final Additional Bonus, if any, is payable in a lump sum on death of the life assured during the policy term.

Maturity Benefit:
40% of the Sum Assured + Vested Bonuses + Final Additional Bonus, if any, is payable in a lump sum on survival to the end of the policy term
This illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life.
The non-guaranteed benefits (1) and (2) in above illustration are calculated so that they are consistent with the Projected Investment Rate of Return assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In other words, in preparing this benefit illustration, it is assumed that the Projected Investment Rate of Return that LICI will be able to earn throughout the term of the policy will be 6% p.a. or 10% p.a., as the case may be. The Projected Investment Rate of Return is not guaranteed.
3. The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
4. Future bonus will depend on future profits and as such is not guaranteed. However, once bonus is declared in any year and added to the policy, the bonus so added is guaranteed.