LIC Money Back Plans provide periodic survival benefits during the policy term along with life cover. These plans are designed for individuals who want regular income support along with protection. This page explains available LIC money back plans in simple terms to help you understand their structure.
LIC money back plans are suitable for individuals who prefer receiving benefits at regular intervals during the policy term. Many policyholders in Bhadra (335501) and nearby areas choose these plans for balancing protection and periodic financial support. Since each plan has a different structure, understanding how these plans work is important. This page provides a clear explanation along with available plan details.
What is an LIC Money Back Plan?
An LIC money back plan is a life insurance policy that provides survival benefits at regular intervals during the policy term. Along with these periodic payments, the policy also offers life cover. In case of death during the policy term, the full death benefit is paid irrespective of the survival benefits already received.
Important Points to Understand
✔ Survival benefits are paid at specific intervals as per policy terms
✔ Life cover continues throughout the policy term
✔ Death benefit is paid even if survival benefits have already been received
Browse Plans
LIC New Money Back Plan 20 Years
Provides periodic survival benefits along with life cover during the
policy term.
Suitable for individuals looking for regular financial support with
protection.
LIC New Money Back Plan 25 Years
Offers structured payouts of 15% at specific intervals during the
policy term.
Provides balanced life cover for a full 25-year duration.
LIC's New Children's Money Back Plan
Provides structured survival benefits at ages 18, 20, and 22 to fund a child's education and milestone needs.
Plan Details
LIC Jeevan Tarun
A flexible child education plan providing annual survival benefits from ages 20 to 24 with a final maturity at age 25.
Plan Details
LIC's Bima Shree
A premium savings and protection plan tailored for high net-worth
individuals.
Provides guaranteed additions and periodic survival payouts.
Who Should Consider LIC Money Back Plans?
These plans are suitable for individuals who prefer periodic financial support during the policy term instead of waiting for maturity. They are often chosen by people managing regular expenses, planning future milestones, or looking for balanced protection and liquidity.
How to Choose the Right Money Back Plan
Choosing the right plan depends on your financial needs and income expectations. You should understand the timing of survival benefits, policy term, and premium affordability before selecting a plan. A clear understanding helps in better financial planning without confusion.
Frequently Asked Questions
1. What is an LIC money back plan?
It provides survival benefits at intervals along with life cover.
2. Do I get money during the policy term?
Yes, survival benefits are paid at specified intervals.
3. What happens in case of death?
Full death benefit is paid regardless of survival benefits received.
4. Are money back plans suitable for regular income?
They are chosen for periodic financial support.
5. Will more plans be added on this page?
Yes, additional plans will be updated over time.