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, Works at Life Insurance Corporation of India. Vested Bonus is the bonus which is already accumulated in you policy at the end of particular financial year. Every year LIC declares bonus in its Participating/with profit policies according to valuation of actuarial department of LIC.
Benefits you get from LIC Money Back Policy - 20 years. Death Benefit â In case of death of the Life Insured, the nominee receives the full Sum Assured irrespective of what payment has already been provided + accrued Bonus. Survival Benefit â The Life Insured would receive The following Survival Benefit.ample illustration of premium of LIC Money Back Policy - 20 years. The below illustration is for a healthy Male (non-tobacco user) opting for a. Age = 30 years, 35 years and 40 years, Sum Assured = Rs 1,00,000. Policy Term = 20 years.