LIC New Money Back Plan – 20 Years (Plan 834) in Hyderabad, Telangana & Andhra Pradesh
LIC’s New Money Back Plan – 20 Years (Plan 834) is a participating, non-linked money-back insurance plan offering regular payouts every 5 years along with life cover for 20 years. This plan is designed to meet the long-term needs of individuals looking for financial security along with periodic benefits.
Key Features of LIC Plan 834:
- Policy Term: 20 Years
- Premium Paying Term: 17 Years
- Survival Benefits: 20% of Basic Sum Assured at the end of 5th, 10th, and 15th year
- Maturity Benefit: 40% of Sum Assured + Bonuses + Final Addition Bonus at the end of 20 years
- Death Benefit: Full Sum Assured + Bonus (irrespective of money-back received)
- Loan Facility: Available after 3 full years of premium payment
Who Should Consider LIC Plan 834?
- Parents planning long-term education or marriage funds for their children
- Individuals who prefer periodic returns along with life coverage
- People looking for a mid-term policy (20 years) with guaranteed benefits
Eligibility Criteria:
- Entry Age: 13 to 45 years
- Maximum Maturity Age: 65 years
- Minimum Sum Assured: ₹1,00,000
- Policy Term: 20 years
Scenario – LIC Plan 834 in Real Life (Warangal Example)
Mr. Ramesh, a 30-year-old teacher from Warangal, opts for LIC Plan 834 with ₹5 Lakhs Sum Assured. Every 5 years, he receives ₹1 Lakh (20%) survival benefits. At the end of 20 years, he gets ₹2 Lakhs (40%) + Bonuses. In case of his demise during the policy term, his family gets ₹5 Lakhs + Bonuses, even if survival benefits were already paid.
Why Choose LIC New Money Back Plan 834 in Telangana & Andhra Pradesh?
- Ideal for planning for children’s education, marriage, or other big goals
- Guaranteed returns every 5 years with full life coverage
- Trusted by customers in Hyderabad, Vijayawada, and Kakinada
- 17 years of premium payments for 20 years of coverage
Contact LIC Advisor – Diwakar Cherukuwada
Email: support@theinsuranceagency.in
Phone: +91 9052300600
WhatsApp: Chat on WhatsApp
Looking for a policy that offers long-term security and periodic benefits? LIC New Money Back Plan – 20 Years (Plan 834) could be the right fit. Contact Diwakar Cherukuwada for more details and a custom quote.