Money Back policies (Plan no 75-20 and 93-25)

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This comes in two flavors, one with 20 years term (table 75-20)

and another with 25 years term(93-25),

In both the plans after every five years, you will receive fixed amount of S.A as Survival Benefit.

(See the table).



20 Year term(plan no 75)

25 year term(Plan no 93)

On 5th Year

20 % of S.A

15% of SA

On 10th Year

20 % of S.A

15% of SA

On 15th Year

20 % of S.A

15% of SA

On 20th Year

40 % of S.A + Bonus + F.A.B

15% of SA

On 25th Year

Not Applicable

40% of SA + Bonus + F.A.B















Highlight:

Special to the plan:

  • Periodic money back.
  • On death, Full S.A is paid irrespective of S.B received earlier.
  • Bonus is calculated on full Sum Assured.

Regular benefits.

  • Natural Death: S.A + Bonus + FAB.
  • Accidental Death: 2 times S.A + Bonus + F.A.B.(If accidental benefit is taken)
  • You can pay premium Monthly/Quarterly/Half Yearly/Yearly/Single.
  • Survival/Maturity Benefit tax-free.
  • Tax rebate on premium paid.
  • Loan facility (Subject to certain rules).


E.g.: Following table will highlight the benefits for a healthy person of age 30 years and for term of 25 years and 20 years.

Bonus at 40Rs/1000 S.A and FAB at 100Rs. /1000 S.A for 20 years term.

Bonus at 45Rs/1000 S.A and FAB at 125Rs. /1000 S.A for 25 years term.

In Money back policies, as you have liquidity Bonus and F.A.B are less compared to Endowment plans also for longer term bonus paid is higher compared to shorter term.


S.A

5,00,000

10,00,000

Yly Premium

26,369.00

52,738.00

Total

659225

1318450

On 5th Year(A)

75,000

1,50,000

On 10th Year(B)

75,000

1,50,000

On 15th Year(C)

75,000

1,50,000

On 20th Year(D)

75,000

1,50,000

On 25th Year(E)

2,00,000

4,00,000

Bonus on 25th Year(F)

5,62,500

11,25,000

F.A.B on 25th Year(G)

62,500

1,25,000

Total (E+F+G)=H

8,25,000

16,50,000

Overall(A+B+C+D+H)

11,25,000

22,50,000


S.A

5,00,000

10,00,000

Yly Premium

31,898.00

63,796.00

Total

6,37,960

12,75,920

On 5th Year(A)

1,00,000

2,00,000

On 10th Year(B)

1,00,000

2,00,000

On 15th Year(C)

1,00,000

2,00,000

On 20th Year(D)

2,00,000

4,00,000

Bonus on 20th Year(E)

4,00,000

8,00,000

F.A.B on 20th Year(F)

50,000

1,00,000

Total (D+E+F)=G

6,50,000

13,00,000

Overall(A+B+C+G)

9,50,000

19,00,00



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