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Money Back Plans

This is a limited premium payment money back plan which is not linked to any share-markets. and also offer protection against to Death along with periodic money back payment on survival at specified durations during the term.The policy is for 20 & 21 years. The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.

Maturity Benefits :

In case of Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.

Survival Benefits :

For 20 years plan and 15% basic sum assured at the end of 5th,10th,15th and 20th year for 25years plan

Eligibility Conditions & Restrictions for plan no: 820 
Minimum age13 years (Completed)
Maximum age50 years
Maximum maturity age 70 years
Minimum Sum AssuredRs.1,00,000
Maximum Sum AssuredNo limit
Policy Term20 years
Premium paying term15 years
Premium payment Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
LoanEligible after 3rd year
SurrenderEligible after 3rd year
Money Back is paidEnd of 5th year - 20% of Sum Assured
End of 10th year - 20% of Sum Assured
End of 15th year - 20% of Sum Assured
On Maturity40% of Sum Assured + Bonus
On Death1.25% of Sum Assured + Bonus
(Already Money back paid will not be recovered)
Income Tax Benefits(i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is non-taxable u/s 10(10d)
Eligibility Conditions & Restrictions for plan no : 821 
Minimum age13 years (Completed)
Maximum age45 years
Maximum maturity age70 years
Minimum Sum AssuredRs.1,00,000
Maximum Sum Assured No limit
Policy Term25 years
Premium paying term20 years
Premium paymentYearly / Half yearly / Quarterly / Monthly (Thru Bank)
LoanEligible after 3rd year
SurrenderEligible after 3rd year
Money Back is paidEnd of 5th year - 15% of Sum Assured
End of 10th year - 15% of Sum Assured
End of 15th year - 15% of Sum Assured
End of 20th year - 15% of Sum Assured
On Maturity40% of Sum Assured + Bonus
On Death1.25% of Sum Assured + Bonus
(Already Money back paid will not be deducted)
Income Tax Benefits(i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is non-taxable u/s 10(10d)

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