Plan 920LIC's New Money Back Plan - 20 Years
Cash back every five years
- Survival benefits at years 5, 10 and 15
- Full sum assured payable on death regardless of earlier payouts
- Bonuses accrue on the full sum assured
- Accident benefit rider available
LIC's New Children's Money Back Plan
Payouts at 18, 20 and 22
A child plan that releases 20% of the sum assured when the child turns 18, 20 and 22, with the balance at maturity age 25.
Who it suits: Parents funding college admission, fees and early career costs.
- Money Back
- Payouts at 18, 20 and 22
- Maturity Benefit
LIC plan reference: 932
Eligibility at a glance
- Entry age
- 0 to 12 years (child)
- Maturity age
- Up to 75 years (plan dependent)
- Sum assured
- ₹1,00,000 and above
- Policy term
- Maturity at age 25
- Premium modes
- Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme
Key benefits
- Three survival payouts at ages 18, 20 and 22
- Maturity benefit at age 25 with bonuses
- Premium waiver rider available on the proposer
- Life cover on the child from the risk start date
Estimate your LIC's New Children's Money Back Plan premium and maturity value
LIC Premium & Maturity Calculator
Estimates from publicly published LIC rate tables. Not a quotation.
- Yearly premium
- ₹30,600
- First instalment
- ₹30,600
- Renewal instalment
- ₹30,600
- Total outgo over the term
- ₹6,12,000
- Estimated maturity value
- ₹10,20,000
- Indicative surrender value (mid-term)
- ₹1,14,750
Figures exclude underwriting loading and high sum assured rebates. Bonus-linked maturity values are projections, not guarantees.
Want an exact LIC illustration?
Your estimate is ready. For an official quotation and a suitability discussion on LIC's New Children's Money Back Plan:
This plan may not be ideal if…
- You need the maximum possible life cover for the lowest premium — a term assurance plan does that better.
- You may need the money back within the first few years; early surrender values are low.
- You expect market-linked returns; participating LIC returns are steadier but more modest.
- Your income is irregular and you cannot commit to the full premium paying term.
Frequently asked questions
Get advice on LIC's New Children's Money Back Plan
Send your age and budget and you will get an official LIC quotation plus an honest view on whether this plan is the right fit.
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This page describes LIC's New Children's Money Back Plan in our own words, based on LIC's published product literature. For the binding terms, always refer to the official policy document issued by Life Insurance Corporation of India.