LIC Money-Back Policy Guaranteed Surrender Value | LIC Money-Back Policy Bonus Rate
LIC Money-Back Policy Guaranteed Surrender Value | LIC Money-Back Policy Bonus Rate
Life Insurance Corporation Of India offer a exclusive Money-Back Policy for its customer. This LIC Money-Back Policy is totally different from all other LIC policy. Under this LIC Money-Back Policy,LIC provide periodic payments of partial survival benefits as follows during the term of the policy.
LIC Money-Back Policy is also some guaranteed surrender value along with all previous periodic payments of partial survival benefits.
LIC Money-Back Policy Guaranteed Surrender Value:
- LIC Money-Back Policy offer a guaranteed surrender value only after 3 years of premium payment.
- LIC Money-Back Policy scheme only return 30% of all basic premiums paid excluding the first year’s premium
- LIC Money-Back Policy scheme guaranteed surrender value will not effect any previous periodic payments of partial survival benefits
LIC Money-Back Policy Bonus Rate:
- LIC Money-Back Policy offer yearly bonus according to the market performance of the company. The average bonus rate of LIC Money-Back Policy scheme is around 5.5%