New Money Back Plan - 25 Years - 821

New Money Back - 25 Years  : This is a money back plan which provides periodical returns of survival benefits during the policy term. In this plan 15% of the sum assured is payable at the end of 5th, 10th, 15th and 20th year of the policy term, and the balance of 40% plus the accrued bonuses becomes payable at the 25th year.
In the event of death at any time within the policy term, the death claim comprises 125% of the sum assured without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full sum assured.  

Features :

• Survival Benefits are paid periodically
• Balance of the sum assured along with accrued bonuses is paid at the end of policy term
• Premium payment term is only 20 years
• Double Tax Benefit u/s 80 C and u/s 10 D
• Death risk cover is 125% of Sum Assured
• Additional accidental sum assured
• Loan is available against this plan

Periodical Survival Benefits

Year of Policy Term	Percentage of Sum Assured
5th year	15% of Sum Assured
10th year	15% of Sum Assured
15th year	15% of Sum Assured
20th year	15% of Sum Assured
25th year	40% of Sum Assured + Accrued Bonuses

Benefits :

On Survival

If the policy holder survives the policy term, he/she will receive survival benefits as below:  
5th year    - 15% of Sum Assured  
10th year  - 15% of Sum Assured
15th year  - 15% of Sum Assured
20th year  - 15% of Sum Assured

25th year  - 40% of Sum Assured + Accrued Bonuses

On Death

If the policy holder dies during the policy term, his/her nominee will receive:
1. 125% of the sum assured  
2. Simple Revisionary Bonus  
3. Final Additional Bonus (if any)
The periodical survival benefits which have already been paid will not be deducted.

On Accidental death

If during the policy term, the policy holder dies due to an accident, his/her nominee will receive:
1. 125% of the sum assured
2. Additional accidental sum assured
3. Simple Revisionary Bonus
4. Final Additional Bonus (if any)

The periodical survival benefits which have already been paid will not be deducted.

Example

If any one at age of 25 Years want to take policy with Sum Assured of 5,00,000 for 25 Years he need to pay  annual premium of Rs 28,720/- 

Survival Benefits
5th year   - Rs 75,000/- (15% of 5,00,000/-)
10th year  - Rs 75,000/- (15% of 5,00,000/-)
15th year  - Rs 75,000/- (15% of 5,00,000/-)
20th year  - Rs 75,000/- (15% of 5,00,000/-)
25th Year  - Rs 2,00,000/- (40% of 5,00,000/-) +
                        5,50,000/- ( Accrued Bonuses)
                            1,12,500/- ( Final Additional Bonus)
Total Around    : 8,62,500/-  On 25th year

Policy will close
                           

On Death
If policy holder dies during the policy term, Nominee will receive 125% of the sum assured along with the accrued bonuses. Any survival benefit which has been already paid will not be deducted.
 
6,25,000/- ( 125% of Sum Insured)
5,50,000/- ( Accrued Bonuses)
1,12,500/- ( Final Additional Bonus)

  
Total Around :12,87,000/- + Survival Benefit already Paid 

 
On Accidental Death
If Mr. Akashdeep dies due to an accident, during the policy term, his nominee will receive the 125% of the Sum assured + Additional accidental Sum assured + Accrued bonuses. 
Any survival benefit which has been already paid will not be deducted.

6,25,000/- ( 125% of Sum Insured)
5,00,000/- ( Accidental Sum Assured)
5,50,000/- ( Accrued Bonuses)
1,12,500/- ( Final Additional Bonus)

Total Around  :17,87,000/- + Survival Benefit already Paid