Is there any LIC 3 years money back policy?
Currently LIC does not offer any 3 years Money Back policy. The money back plans available with LIC include New Money Back plan - 20 years and New Money Back plan - 25 years.
- In the 20-year Money Back policy, a sum assured (20%) is paid out in the 5th, 10th, 15th year. The remaining 40% plus the accrued bonus is paid out in the 20th year.
- In case of the 25 years plan, 15% of the sum assured is paid out in the 5th, 10th, 15th and 20th year. The remaining 40% plus the accrued is paid out in the 25th year.
For information on LIC New Money Back plan (20 years), Click here:
For information on LIC New Money Back plan (25 years), Click here:
