Money back Plan
LIC ka Money Back Plan ek bahut hi unique aur popular insurance product hai, jo traditional Endowment plan se alag hai. Yeh ek Non-Linked, Participating (yaani profits mein hissa lene wala), Individual Life Assurance Plan hai.
Is plan ki sabse badi khaas baat yeh hai ki policyholder ko periodic intervals (niyamit samay antraal) par ek fixed amount milta rehta hai, jise Survival Benefit (Money Back) kehte hain. Is tarah, yeh plan aapki liquidity needs ko poora karta hai aur saath hi aapki family ko poore policy term ke dauraan life cover bhi deta hai.
Money Back Plan Kaise Kaam Karta Hai?
Aam taur par, LIC do major Money Back Plans offer karta hai: 20 saal ka term aur 25 saal ka term. Dono mein premium payment term, policy term se kam hota hai.
| Feature | New Money Back Plan – 20 Years | New Money Back Plan – 25 Years |
| Policy Term | 20 years | 25 years |
| Premium Paying Term (PPT) | 15 years (5 saal kam) | 20 years (5 saal kam) |
| Survival Benefits (Money Back) | 20% of BSA at the end of 5th, 10th, & 15th year | 15% of BSA at the end of 5th, 10th, 15th, & 20th year |
| Maturity Benefit | Remaining 40% of BSA + Bonus | Remaining 40% of BSA + Bonus |
Plan Ke Key Features (मुख्य विशेषताएँ)
1. Dual Benefit (Dohera Fayda):
Yeh plan do cheezon ko ek saath offer karta hai: Protection (Suraksha) against death aur Periodic Payouts (Niyamit Bhugtaan) survival par.
2. Liquidity (Taralta):
Money Back Plans ki sabse badi appeal inki high liquidity hai. Policyholders ko har 5 saal mein ek fixed income mil jaati hai, jo unke short-term financial goals, jaise ki bacchon ki education ya koi bada kharcha, poora karne mein madad karti hai.
3. Limited Premium Payment Term (PPT):
Aapko poore policy term tak premium nahi bharna padta. 20 saal ki policy mein sirf 15 saal tak aur 25 saal ki policy mein sirf 20 saal tak premium pay karna hota hai.
4. Participation in Profits (Labh mein Bhagidaari):
Yeh ek ‘With-Profits’ plan hai, isliye ismein LIC ki performance ke aadhar par bonuses milte hain, jo maturity benefit ko badhaate hain.
Simple Reversionary Bonus (SRB): Har saal announce hota hai.
Final Additional Bonus (FAB): Maturity ya Death ke time par one-time diya jaata hai.
Benefits (फायदे)
A. Survival Benefit (Money Back)
Agar policyholder poore policy term tak zinda rehta hai, toh use specified intervals par Money Back milta hai:
20-Saal Policy: Basic Sum Assured (BSA) ka 20% 5th, 10th aur 15th saal ke end par.
(Total Survival Benefit = 20% + 20% + 20% = 60% of BSA)
25-Saal Policy: Basic Sum Assured (BSA) ka 15% 5th, 10th, 15th aur 20th saal ke end par.
(Total Survival Benefit = 15% + 15% + 15% + 15% = 60% of BSA)
B. Maturity Benefit
Policy Term ke end (20th ya 25th saal) par, agar policyholder zinda rehta hai, toh usko lump sum amount milta hai:
Maturity Benefit = Remaining Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus
Kyunki 60% BSA Survival Benefit ke roop mein mil chuka hai, Maturity par Remaining 40% of BSA milta hai.
C. Death Benefit (Policy Term ke Dauraan)
Is plan ki sabse zaroori baat yeh hai ki policyholder ki death hone par Nominee ko poora Death Benefit milta hai, chahe Money Back installments policyholder ko pehle hi mil chuki hon!
Death Benefit = “Sum Assured on Death” + Vested Simple Reversionary Bonuses + Final Additional Bonus
Yahan “Sum Assured on Death” is defined as the Higher of (i) 125% of Basic Sum Assured (BSA) OR (ii) 7 times of Annualized Premium.
Yeh Death Benefit kisi bhi haal mein Total Premiums Paid ka 105% se kam nahi hoga.
Survival Benefits, jo pehle hi pay kiye ja chuke hain, Death Benefit se subtract (ghataye) nahi jaate.
Other Important Aspects (अन्य ज़रूरी पहलू)
Tax Benefits: Is plan ke liye diye gaye premiums par Income Tax Act ke Section 80C ke under tax deduction milta hai. Saath hi, Death Benefit, Maturity Benefit, aur Survival Benefits (Money Back) Income Tax Act ke Section 10(10D) ke under poori tarah se tax-free hote hain.
Loan Facility (ऋण सुविधा): Policy ko 2 saal ke premiums bharne ke baad is par loan lene ki suvidha available hai. Loan ka amount Surrender Value par depend karta hai.
Rider Benefits (Add-ons): Extra premium dekar policyholder apni coverage badha sakte hain, jaise ki:
LIC’s Accidental Death and Disability Benefit Rider
LIC’s New Term Assurance Rider
Surrender & Paid-up Value: Policy 2 saal ke full premiums pay karne ke baad Surrender Value ya Paid-up Value acquire kar leti hai. Agar premium bharna band kar diya jaye, toh policy Paid-up ho jaati hai, aur benefits kam ho jaate hain.
Money Back Plan Kyun Choose Karein? (Why Buy Money Back?)
Guaranteed Liquidity: Yeh plan un logon ke liye perfect hai jinhe pata hai ki unhe future mein specific time intervals (jaise 5 saal, 10 saal) par paison ki zarurat padegi. Money Back installments unki zarurat ko poora karte hain.
Uninterrupted Life Cover: Agar policyholder ko Money Back installments mil bhi chuki hain, tab bhi uski death par Nominee ko poora Sum Assured milta hai. Yeh is plan ka sabse bada advantage hai.
Savings + Insurance: Yeh ek tarah se systematic savings ka tareeka hai, jahaan savings ke saath-saath high life cover ki security bhi milti hai.
Conclusion:
LIC ka Money Back Plan ek bahut hi practical aur attractive insurance-cum-savings product hai. Yeh un logon ke liye ideal hai jo ek fixed time period ke liye investment chahte hain, jahaan unhe periodic cash flows milte rahein (liquidity), aur saath hi unki family ko poore term ke dauraan poora life cover milta rahe (high security). Iska ‘Money Back’ feature isey dusre traditional endowment plans se alag aur zyada flexible banaata hai.
(Note: Is plan ke features, premium rates, aur eligibility criteria LIC ki official website ya authorized agent se confirm karein. Tax laws samay-samay par badal sakte hain.)
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