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Plan No. 920Money Back
LIC's New Money Back - 20 Years
"Liquidity when you need it."
LIC's New Money Back Plan-20 years is a participating non-linked plan which offers protection against death and periodic payments on survival.
Key Features
- ✓Periodic Returns: 20% of Basic Sum Assured paid at the end of 5th, 10th & 15th year.
Eligibility Criteria
Minimum Age13 Years
Maximum Age50 Years
Minimum Term20 Years (Fixed)
Maximum Term20 Years (Fixed)
Min Sum Assured₹ 1,00,000
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
125% of Basic Sum Assured + Vested Bonuses.
Survival Benefit
20% of BSA at 5th, 10th, 15th year.
Maturity Benefit
40% of Basic Sum Assured + Bonuses.
Real-World Example
Profile30-Year-Old Male
Sum Assured₹ 10,00,000
Term Details20 Years
Annual Premium₹ 75,000 / Year
Expected Returns₹ 2L thrice + ₹ 8L Maturity
How it Works
He needs cash flow every 5 years. LIC pays him ₹ 2 Lakhs at year 5, year 10, and year 15. At year 20, he gets the remaining 40% (₹ 4 Lakhs) plus around ₹ 4 Lakhs in bonuses. Meanwhile, his family is covered for ₹ 12.5 Lakhs.