LIC fixed deposit scheme for senior citizens is a unique term deposit policy tailored to provide individuals aged 60 and above with a financial safety net.
The LIC Money Back Policy 20 Years Maturity Calculator is an invaluable tool for individuals who've invested in the LIC Money Back Plan. This unique plan promises its policyholders a specified percentage of the sum assured at regular intervals, provided they survive the set policy years within the 20-year term.
With the LIC Money Back Policy Calculator, policyholders can effortlessly determine both the premiums due and the maturity amount expected at the end of the 20-year period. Although LIC no longer offers this particular plan, existing policyholders can still take advantage of this calculator for their benefit.
Let’s understand the LIC Money Back Plan – 20 Years Maturity Calculator and shed some light on its key features, benefits, and more.
The LIC Money Back Plan - 20 Years Maturity Calculator is a digital tool introduced by LIC to assist policyholders in understanding the maturity benefits associated with the LIC Money-Back Plan - 20 Years.
This calculator operates based on specific criteria that outline the plan's rewards -
The LIC Money Back Policy 20 Years Maturity Calculator stands as an important tool for individuals looking to get insights from their policy. This calculator seamlessly brings several advantages to the fore -
To understand the benefits of the LIC Money Back Plan for 20 years, let's take an example:
Meet Anu. In 2022, at the age of 29, Anu decided to invest in the LIC Money Back Plan-20 years. She chooses a basic sum assured (BSA) of INR 10 Lakhs. Here's a breakdown of the benefits Anu stands to receive:
It's important to note that Anu will receive these benefits only if she survives the entire duration of the 20-year policy.
The LIC Money Back Policy 20 Years Maturity Calculator has been specifically designed to help individuals who've made the prudent decision of investing in the LIC Money Back Plan. By breaking down and simplifying the process, the LIC Money Back Policy Calculator highlights the benefits that one can expect from their policy, ensuring that they are well informed at every stage of their investment journey.
With this invaluable digital instrument, you can be confident in the accuracy of the numbers and effectively plan your financial future without the stress of manual calculations. Furthermore, its user-friendly design ensures that even those who aren't tech-savvy can navigate with ease.
Although LIC no longer offers this specific plan, the calculator remains an essential asset for existing policyholders by assisting them in extracting maximum value from their investment.