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LIC of India had introduced 2 Money Back Plans. LIC Money plans are ordinary endowment insurance plans, survival benefits would be paid for every 5 years interval. A lump-sum also would be paid at the end of the term. Money Back plans provide returns periodic payments of partial survival benefits that follow during the term of the policy.

The two plans are :

1) New Money Back Plan 20 yrs

2) New Money Back Plan 25 yrs

Another significant aspect is that the death claim comprises full sum assured without deducting any of the survival benefit amounts. People with specific needs and requirements can go for LIC Money Back plans according to their budget.

For more info on Money Back plans, Call me at 9972660645
 
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