LIC’s New Money Back Plans has been launched .The plans are for 20years and 25 years term each. The plans are with profit non-linked products which offer an attractive combination of protection against death throughout the term of the plans along with the periodic payment on survival at specified durations during the term.
This unique combination provides financial support for the family in case of unfortunate death of the policyholder anytime before maturity and lump sum amount at the time of maturity for the surviving policyholders. It also takes care of liquidity through its loan facility.
