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Lic New Money Back
VS
Sbi Smart Money Back
| PLAN DETAILS |
Lic New Money Back |
Sbi Smart Money Back |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 70 years |
| Premium payment term | 15 years | 15 to 25 years |
| Plan Entry Age | Minimum Age - 13 years Maximum Age - 50 years | Minimum Age - 14 years Maximum Age - 55 years |
| Sum assured | Rs 1 lakh to No limit | Rs 2,00,000 to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 20 years | Minimum term - 15 years Maximum term - 25 years |
| Claim Settlement Ratio (2024-25) | 98.5% | Minimum Age - 5 year |
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LIC Money Back Plan 920 Details |
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The LIC New Money Back Plan 20 Years (Plan No: 920)was floated on January 6, 2014 to cater to the financial needs of the business and the salaried class of Indians. This is a fixed-period non-linked participating plan which protects the policy holder against death besides disbursing a periodic payout upon survival at twenty percent of Sum Assured upon completion of five, ten and fifteen years.
A simple reversionary bonus also accrues upon policy maturity and the plan comes with an add-on accidental death and disability coverage.
LIC New Money Back Plan 20 Years offers you a range of benefits including:
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