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Money Tree

Other Plans

Money Tree Plan– 674/ 675 /693 (Secure Your Future)

Unique features: A plan with periodical returns (Money Back) after every five years.

The most uniqueness of the plan is that in case of an unfortunate death during any time, despite the periodical payouts, death cover for the full sum assured is ensured till maturity.

Need to Know:

  • Age Limit- Minimum: 12 years &    Maximum: 70 minus term of policy
  • Policy Term of- 15, 20 or 25 years
  • For 15-year term plan 674 – Minimum 12 years & Maximum 55 years,
  • For 20-year term plan 675 – Minimum 12 years & Maximum 50 years
  • For 25-year term plan 693 – Minimum 12 years & Maximum 45 years,

To know “What is in there for You” click here

Table of Survival Benefits (% of the Sum Assured) payable under Money Tree Plans:

Plan

674

675

693

Playable After

5 Years

25%

20%

15%

10 Years

25%

20%

15%

15 Years

50% + Bonus

20%

15%

20 Years

40% + Bonus

15%

25 Years

40% + Bonus

ELIGIBILITY:

Plans

Minimum Age at Entry

Maximum Age at Entry

Maximum Age at Maturity

Money Tree Plans

Table 674-15

12

55

70

Table 675-20

12

50

70

Table 693-25

12

45

70

Premium Paying Term (PPT)

15/20/25 Years

Minimum Basic Sum Assured

$10,000 (multiples of $ 1000)

Maximum Basic Sum Assured

No Limit

Term of policy

15/20/25 Years

Minimum age for Accident Benefit

18 Years

Maximum age of entry for AB

60 Years

Accident Benefit available upto

65 Years

Maximum Accident Benefit Sum Assured

Equal to Basic Sum Assured subject to the maximum aggregate limit of $200,000 under all existing policies on the same life

Basic Benefits

Death Benefit: Payment of the sum assured + the vested bonuses on death of the life assured during the term of the policy.

Maturity Benefit: Payment of the last survival benefit + the vested bonuses on the date of maturity of the policy.

Terminal Illness Benefit: 50% of the sum assured is payable if the life assured becomes terminally ill and the balance along with the vested bonuses is payable on the death of the assured (Contact us for more information)

Optional Benefits: Accident Benefit,Critical Illness Rider and Term Assurance Rider.

All Information provided on this website is only illustrative and is subject to change.
Please contact your LICI Agent or LICI office for any further clarifications.