Best LIC Guaranteed Whole Life Money Back in 2024 Age 0 to 65 Years
every one needs a Whole life Money back Guaranteed Planning for old age life for financial healthy.
Guaranteed Whole Life Money
LIC’s Jeevan Utsav is a whole life Guaranteed Every Year Money Back plan that offers financial support to the family of the policyholder in the event of Whole Life and After their death. The plan also provides survival benefits in the form of regular income or flexi income.
Basic information
Whole Life Guaranteed return =10%
Only 5 years paying new policy
Grunted return life time
Grunted addition – 40 per thousand BSA only up to ppt
On Death – sum assured on death + GA
Guaranteed Income for lifeTime
Guaranteed Maturity Benefits
On survival – option1 regular income benefit 10% of BSA yearly whole life
Option-2 Flexi Return Benefit In Your Needs @ 5.5% Compound I
Plan Benefits / Survival Benefit Schedule
| Premium paying term | Income benefit start year |
| 5 years | 11 th year |
| 6 years | 11 th year |
| 7 years | 11 th year |
| 8 years | 11 th year |
| 9 years | 12 th year |
| 10 years | 13th year |
| 11 years | 14th year |
| 12 years | 15th year |
| 13years | 16th year |
| 14 years | 17th year |
| 15years | 18th year |
| 16 years | 19th year |
OTHER INFORMATION –
1- TERM RIDER
2) Premium Waiver Rider
3) Benefit of Loan Facility = After 2 Years
4) Surrender Benefit = After 2 Years
Date of commencement of Risk-
8 years or more Risk will commence immediately
Age less than 8 years Completion of 2 years from DOC
Or
After completion age 8 years
Grace Period=
1)15 Days in Monthly mode of payment
2) 30 Days in other modes of payment
Tax Benefits =
1) On premium Dedication as per ITR – 80C
2) On Maturity / Death Claim Tax Exempt u/s – 10(10D)
Participation in Profits:
Depending on the type of money back policy, policyholders may participate in the profits earned by the insurance company. This is common in with-profit policies, where bonuses are declared.
It’s important to carefully read and understand the terms and conditions of the specific LIC Money Back Policy you are considering, as features can vary between different plans. Additionally, individuals should consider their financial goals and insurance needs before choosing a particular life insurance plan. It’s advisable to consult with a financial advisor or LIC representative for personalized advice based on your individual circumstances.