LIC Jeevan Surabhi 20 years plan is a money back plan whose cover lasts for a tenure of 20 years. This with-profit plan has a premium paying term of 15 years. LIC Jeevan Surabhi 20 years plan pays out a specified percentage of sum assured as survival benefits up to the specified duration.

BEnefits and features

• Survival benefits - During the policy term, the insured individual would receive 25% of the sum assured at the end of 4, 8, 12 and 15 years.

• Maturity benefits- at the end of the policy term, the insured individual stands to receive all of the bonuses declared up to maturity date.

• Death benefits- in case of the demise of the policyholder, the sum assured and all the bonuses until death is payable in a lump sum.

• Premium payments- premiums payments can be made monthly, quarterly, half-yearly, yearly or through salary deductions, whichever is opted by you throughout the policy's premium paying term.

Eligibility criteria

• The minimum entry age is 14 years.

• The maximum entry age is 50 years.

• The minimum sum assured is Rs 50,000

• The minimum term is 15 years.

• The maximum maturity age is 70 years.