LIC’s Money Back Plan – 20 Years Term


  • Survival Benefit: Guaranteed 20% Basic Sum Assured after the completion of 5,10 & 15 Years.
  • Maturity Benefits: Guaranteed 40% Basic Sum Assured together with vested bonuses & FAB, if any will be payable on the stipulated date of maturity.
  • Death Benefits: On the death of Life Assured during the term of the policy, ‘The sum assured on death’ together with vested bonus and FAB, if any, will be payable. [The sum assured on death will be the higher of 125% of Basic Sum Assured or 10 times of the annualized premium). This death benefit shall not be less than 105% of total premium paid as on date of death.
  • Optional Accident & Disability Benefits are available subject to payment of additional premium of Tk. 1 per 1000 AB SA irrespective of age (Tk. 1.50 per 1000 AB SA for persons employed in Police,Paramilitary force etc.)
  • Salient Features:
  • Plan Available for Ages: 13 years(Completed) to 45 Years (Nearest Birthday)
  • Maximum Age at Maturity: 70 Years
  • Policy Term: 20 Years (Fixed)
  • Premium Paying Term: 15 Years (Fixed)
  • Minimum Sum Assured: 1 Lac (in multiples of 5000)
  • Maximum Sum Assured: No Limit
  • Mode Rebate: Yearly 2%,Half Yearly 1% (Both on tabular premium)
  • Premium Can Be Paid: Yearly/Half Yearly/Quarterly/Monthly(BEFTN)
  • HIGH SUM ASSURED Rebate: 2 Lac to 4.95 Lac – 2 per 1000 Basic Sum Assured- 5 Lac & Above – 3 per 1000 Basic Sum Assured
  • Guaranteed Surrender Value, Special Surrender Value, paid up value will be available after 3 full years premiums are paid.
  • Loan: Loan facility available after 3 full years premiums have been paid.
  • Revival: Lapsed policy can be revived within 2 years from date of first unpaid premium.