About LIC Money Back policy 20 years premium calculator
LIC Money Back Policy 20 years is a non-linked insurance plan.In LIC New Money Back Plan 20 years policyholder will get survival benefits periodically for 5th, 10th and 15th year. On the completion of policy period Policyholder will receive sum assured – Survival Benefits paid+Bonus+FAB(Final Additional Bonus) as Maturity Benefit. If the death of the insured person happens within the policy term the nominee will get 125% of the Sum assured+FAB (if any) +Simple Reversionary Bonus as death benefit.
By using LIC Money Back Policy 20-years Premium calculator you can calculate the premium that has to be paid to get all the benefits covered under this policy. You can calculate the premium in simple steps by using LIC Money Back Policy 20-years maturity calculator available in this page. You can choose any of the premium paying modes according to your requirements like, yearly, half-yearly, quarterly, monthly premium payment modes. You can also pay the premium through salary deductions. Single Premium payment is not allowed in LIC(Life Insurance Corporation of India) Money Back Plans.
LIC Money Back Policy 20-years Premium Calculator Parameters
In LIC Money Back Policy 20 years you have to meet the below eligibility conditions such as minimum & maximum entry age, Sum Assured, Policy Term and Maturity Age to calculate the premium using LIC Money Back Policy 20 years Premium and maturity calculator. The following table will help you to know the eligibility conditions to get the LIC Money Back policy 20 years.
| Entry Age |
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| Sum Assured |
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| Policy Term |
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| Maturity Age |
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| Premium payment mode |
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LIC Money Back Policy 20 years Premium Calculator
You have to fill the below details of LIC Money Back policy 20 years premium calculator which are to be required to calculate the premium to be paid. You can also calculate the coverage amount that you can get under death benefit and Maturity Benefit, and also you can also calculate loan value and Bonus that will be available to you by using LIC Money Back Policy 20 Years Premium Calculator.
Lic Money Back 20 years Policy Premium Calculator
Plan Presented By policydunia (www.policydunia.com)
Lic Money Back 20 Years Policy Premium amount, Maturity amount and Benefit illustration
| Name | VIJAY | Age | 20 | |
| Term: | 20 | Sum Assured: | 300000 | |
| Tabular Premium: 78.00 | ||||
| Premium Paying Term: 15 | ||||
Lic Money Back 20 years Policy Premium Amount
| First Year Premium | |||
| Mode of Payment | without tax | Tax | with tax |
| Yearly Premium | 22692 | 701 | 23393 |
| Half-Yearly Premium | 11463 | 354 | 11817 |
| Quarterly Premium | 5790 | 179 | 5969 |
| Monthly Premium | 1930 | 60 | 1990 |
| Second Year onwards Premium | |||
| Mode of Payment | without tax | Tax | with tax |
| Yearly Premium | 22692 | 351 | 23043 |
| Half-Yearly Premium | 11463 | 177 | 11640 |
| Quarterly Premium | 5790 | 89 | 5879 |
| Monthly Premium | 1930 | 30 | 1960 |
Lic Money Back 20 years Medical Requirements
| Medical Requirements |
| NIL |
Lic Money Back 20 years Policy Benefit Illustration
| Age | Policy Year | Premium Paid | Tax Saving | Natural Death Coverage | Accident Death Coverage | Bonus | Cash Value | Loan value |
| 20 | 2014 | 22,692 | 22,692 | 386,700 | 686,700 | 11,700 | 0 | 0 |
| 21 | 2015 | 22,692 | 22,692 | 398,400 | 698,400 | 23,400 | 0 | 0 |
| 22 | 2016 | 22,692 | 22,692 | 410,100 | 710,100 | 35,100 | 26,116 | 23,504 |
| 23 | 2017 | 22,692 | 22,692 | 421,800 | 721,800 | 46,800 | 53,143 | 47,829 |
| 24 | 2018 | 22,692 | 22,692 | 433,500 | 733,500 | 58,500 | 66,693 | 60,023 |
| 25 | 2019 | 22,692 | 22,692 | 445,200 | 745,200 | 70,200 | 80,417 | 72,375 |
| 26 | 2020 | 22,692 | 22,692 | 456,900 | 756,900 | 81,900 | 93,820 | 84,438 |
| 27 | 2021 | 22,692 | 22,692 | 468,600 | 768,600 | 93,600 | 111,836 | 100,653 |
| 28 | 2022 | 22,692 | 22,692 | 480,300 | 780,300 | 105,300 | 131,121 | 118,009 |
| 29 | 2023 | 22,692 | 22,692 | 492,000 | 792,000 | 117,000 | 151,715 | 136,543 |
| 30 | 2024 | 22,692 | 22,692 | 503,700 | 803,700 | 128,700 | 173,705 | 156,335 |
| 31 | 2025 | 22,692 | 22,692 | 515,400 | 815,400 | 140,400 | 197,119 | 177,407 |
| 32 | 2026 | 22,692 | 22,692 | 527,100 | 827,100 | 152,100 | 222,061 | 199,855 |
| 33 | 2027 | 22,692 | 22,692 | 538,800 | 838,800 | 163,800 | 248,592 | 223,733 |
| 34 | 2028 | 22,692 | 22,692 | 550,500 | 850,500 | 175,500 | 276,858 | 249,173 |
| 35 | 2029 | 0 | 0 | 562,200 | 862,200 | 187,200 | 306,995 | 276,295 |
| 36 | 2030 | 0 | 0 | 573,900 | 873,900 | 198,900 | 339,147 | 305,233 |
| 37 | 2031 | 0 | 0 | 585,600 | 885,600 | 210,600 | 373,542 | 336,188 |
| 38 | 2032 | 0 | 0 | 597,300 | 897,300 | 222,300 | 411,608 | 370,448 |
| 39 | 2033 | 0 | 0 | 609,000 | 909,000 | 234,000 | 444,972 | 400,475 |
Lic Money Back 20 years Policy Survival Benefit Calculator
| Year | Survival Benefits |
| 5th year | 60,000 |
| 10th year | 60,000 |
| 15th year | 60,000 |
Lic Money Back 20 years Policy Maturity Benefit Calculator
| Maturity Benefit | 366,000 |
| Survival Benefits | 180,000 |
| Total Maturity Benefits | 546,000 |
Here we are providing the Estimated Premiums. To calculate exact premiums, use LIC of India Premium Calculator available in its official website www.licindia.in.
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