+91 8512971380 +91 9143343157 info@sardarinsurance.in
Mon–Sat: 9:00 AM – 6:00 PM Download Forms
LIC

LIC New Money Back Plan – 20 Years

Popular Money Back Plan Popular Money Back Plan

Par, Non-Linked, Individual Savings Plan

Free consultation Download brochure

The essentials

Your plan at a glance

Min. sum assured
200000
Policy term
20 Years
Entry age
13–50 years
Premium payment
Online , Offline

Plan Overview

LIC's New Money Back Plan – 20 Years is a participating, non-linked life insurance savings plan that combines life protection, periodic survival benefits and long-term savings. The plan provides money-back benefits at specified policy durations while continuing life insurance protection throughout the policy term.

Money Back at Key Milestones
Protection Throughout the Term
Savings with Bonus Potential
Plan Your Financial Goals

Features & Benefits

Life Insurance Protection
Provides financial protection throughout the policy term, subject to policy conditions.
Periodic Survival Benefits
Receive 20% of Basic Sum Assured at the end of the 5th, 10th and 15th policy years.
20-Year Policy Term
Provides a structured long-term savings and protection period.
Family Financial Security
Provides financial support to the nominee in the event of death during the policy term.
High Sum Assured Rebate
Eligible policies can receive applicable rebate for higher Basic Sum Assured.

Coverage Details

Parameter Details
Plan Type Participating, Non-Linked, Life, Individual Savings Plan
Plan Number 720
Minimum Basic Sum Assured 2,00,000
Maximum Basic Sum Assured No Limit, subject to LIC conditions
Maturity Benefit 40% of Basic Sum Assured + applicable vested bonuses + Final Additional Bonus, if any
Premium Modes Yearly, Half-Yearly, Quarterly & Monthly through NACH

Eligibility Criteria

Minimum Entry Age 13 years completed
Maximum Entry Age 50 years nearer birthday
Maximum Maturity Age 70 years nearer birthday
Policy Term 20 years
Premium Paying Term 15 years

Required Documents

Identity Proof
AADHAAR CARD
Address Proof
VOTER ID
Financial Documents
INCOME CERTIFICATE, PAN CARD, BANK PASSBOOK
Other Documents
PASSPORT SIZE PHOTO, BIRTH CERTIFICATE

Frequently Asked Questions

It is a participating, non-linked individual savings plan that combines life insurance protection with periodic survival benefits and a maturity benefit.

The policy term is 20 years.

The premium-paying term is 15 years.

You receive 20% of the Basic Sum Assured at the end of the 5th, 10th and 15th policy years.

At maturity, 40% of the Basic Sum Assured is payable along with applicable vested bonuses and Final Additional Bonus, if declared.

The minimum Basic Sum Assured is ₹2,00,000.

Yes. It is a participating plan and may receive Simple Reversionary Bonus and Final Additional Bonus, if declared by LIC.
Get Free Consultation

Our expert advisors will help you choose the right plan for your needs.

100% confidential. Secure.

Quick Contact
Call Us
+91 8512971380
Call Us
+91 9143343157
WhatsApp
Chat with Advisor
Download Resources
Proposal Form PDF
Plan Brochure PDF

Ready to Secure Your Future?

Take the first step today. Our IRDAI-certified advisors will guide you through the entire process — from plan selection to policy issuance.

Schedule Callback Download Forms