New Money Back (25 Years) – 721

LIC New Money Back Plan (25 Years) – 721 is designed for individuals seeking long-term financial planning with periodic payouts. This plan offers a balanced combination of life insurance protection and savings, providing survival benefits at fixed intervals, maturity benefits with bonus, and complete life cover throughout the policy term.

• Periodic Survival Benefits: Regular payouts at fixed intervals during the policy term.
• Long-Term Planning: Ideal for achieving financial goals over 25 years.
• Life Insurance Protection: Full sum assured payable on death during policy term.
• Maturity Benefit: Lump-sum amount payable on survival till maturity.
• Bonus Eligibility: Participating plan eligible for bonuses declared by LIC.
• Liquidity: Provides periodic cash flow to meet planned expenses.
• Family Security: Death benefit payable irrespective of survival benefits paid.
• Financial Discipline: Encourages systematic savings over the long term.
• Tax Benefits: Eligible for tax benefits as per prevailing income tax laws.
• Trusted LIC Assurance: Backed by Life Insurance Corporation of India.

Detailed Description

LIC New Money Back Plan (25 Years) – 721 is a traditional participating life insurance plan designed to provide both protection and periodic liquidity over a long-term horizon. This plan is particularly suitable for individuals who want regular cash payouts while ensuring financial security for their family.

One of the key features of this plan is the payment of survival benefits at fixed intervals during the policy term. These payouts help policyholders meet important financial needs such as education expenses, business investments, or other planned milestones without disturbing long-term savings.

In addition to survival benefits, the plan offers a maturity benefit payable at the end of the 25-year policy term. The maturity amount includes the remaining sum assured along with accrued bonuses, providing a substantial lump-sum amount to support long-term financial goals such as retirement planning or asset creation.

The plan also provides comprehensive life insurance protection. In case of the unfortunate death of the policyholder during the policy term, the nominee receives the full death benefit, irrespective of the survival benefits already paid. This ensures complete financial security for the family.

Being a participating plan, New Money Back (25 Years) – 721 is eligible for bonuses declared by LIC from time to time. These bonuses enhance the overall value of the policy and increase the maturity benefits, making the plan more rewarding over the long run.

The structured premium payment and benefit schedule encourage disciplined savings, helping policyholders build wealth systematically without exposure to market risks. The plan is simple, transparent, and backed by the strong financial foundation of LIC.

Overall, LIC New Money Back (25 Years) – 721 is an excellent choice for individuals seeking long-term financial planning with periodic payouts, guaranteed protection, and attractive maturity benefits. It offers the perfect balance of security, liquidity, and savings for families looking to plan their financial future with confidence.