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LIC's New Money Back Plan - 20 Years

LIC's New Money Back Plan is an individual life assurance and non-linked and participating plan. This plan combines protection against death and maturity benefits, providing financial support to the deceased's family.

Policyholders can also avail themselves of the loan facility offered by this plan in case of need for emergency funds. This 20-year plan offers payouts after specific intervals at a certain percentage of the basic sum assured.