LIC New Money Back Plan – 15 Years (Plan 832) in Hyderabad, Telangana & Andhra Pradesh
LIC’s New Money Back Plan – 15 Years (Plan 832) is a participating, non-linked life insurance plan designed for individuals looking for regular payouts every 5 years along with comprehensive life cover. With a 15-year policy term, it’s a perfect choice for those seeking both financial protection and periodic savings.
Key Features of LIC Plan 832:
- Policy Term: 15 Years
- Premium Paying Term: 12 Years
- Survival Benefits: 30% of Basic Sum Assured paid after 5, 10, and 15 years
- Maturity Benefit: 40% of Sum Assured + Bonuses + Final Addition Bonus
- Life Cover: Full Sum Assured throughout policy term
- Loan Facility: Available after 3 full years of premium payment
Who Should Consider LIC Plan 832?
- Professionals seeking a quick return on their premiums
- Parents with children needing funds for education or other goals
- People who prefer regular payouts and life coverage
Eligibility Criteria:
- Entry Age: 13 to 45 years
- Maximum Maturity Age: 60 years
- Minimum Sum Assured: ₹1,00,000
- Policy Term: 15 years
Scenario – LIC Plan 832 in Real Life (Hyderabad Example)
Mr. Vijay, a 35-year-old IT professional from Hyderabad, opts for LIC Plan 832 with ₹5 Lakhs Sum Assured. Every 5 years, he receives ₹1.5 Lakhs (30%) survival benefits. At the end of 15 years, he gets ₹2 Lakhs (40%) + Bonuses. If he passes away during the policy term, his nominee gets the full ₹5 Lakhs + Bonuses, even if the survival benefits were paid earlier.
Why Choose LIC New Money Back Plan 832 in Telangana & Andhra Pradesh?
- Quick payouts every 5 years for immediate needs
- Comprehensive life cover for peace of mind
- Trusted by families in Hyderabad, Warangal, and Visakhapatnam
- 12-year premium paying term for 15-year policy term
Contact LIC Advisor – Diwakar Cherukuwada
Email: support@theinsuranceagency.in
Phone: +91 9052300600
WhatsApp: Chat on WhatsApp
Looking for a short-term plan with regular income and life cover? LIC New Money Back Plan – 15 Years (Plan 832) is a great option. Get in touch with Diwakar Cherukuwada for more details and custom quote.