Need A Financial Product › Forums › Insurance › Is it good to have a Money back plan of LIC? › Is-it-good-to-have-a-Money-back-plan-of-LIC_REPLY
September 28, 2014 at 2:02 am
#47593
samkapoor77Keymaster
The Money back policy holder gets the privilege to get all his money back at the time of policy maturity or at the time of death of the person insured. This policy aims to give benefits like Survival benefits and Maturity benefits. Some additional benefits given by this plan include Accidental death benefits as well in case of which the person dies accidently unexpectedly when it was not likely to happen. It gets matured after 20 years of investment and the policy holder gets the money back after 20 years with the above mentioned benefits.