Plan 921LIC's New Money Back Plan - 25 Years
Longer term, four cash-back milestones
- Four survival benefit payouts during the term
- Death benefit unaffected by survival payouts
- Loan facility after two years
- Riders available
LIC's New Money Back Plan - 20 Years
Cash back every five years
Pays 20% of the sum assured at the end of the 5th, 10th and 15th years, with the balance plus bonuses at maturity.
Who it suits: Households that need periodic liquidity without breaking the policy.
- Money Back
- Cash back every five years
- Maturity Benefit
LIC plan reference: 920
Eligibility at a glance
- Entry age
- 13 to 50 years
- Maturity age
- Up to 75 years (plan dependent)
- Sum assured
- ₹1,00,000 and above
- Policy term
- 20 years
- Premium modes
- Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme
Key benefits
- 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
Estimate your LIC's New Money Back Plan - 20 Years premium and maturity value
LIC Premium & Maturity Calculator
Estimates from publicly published LIC rate tables. Not a quotation.
- Yearly premium
- ₹38,000
- First instalment
- ₹38,000
- Renewal instalment
- ₹38,000
- Total outgo over the term
- ₹7,60,000
- Estimated maturity value
- ₹10,00,000
- Indicative surrender value (mid-term)
- ₹1,42,500
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 Money Back Plan - 20 Years:
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 Money Back Plan - 20 Years
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.
5th Floor, Jeevan Prakash Building, Sir P.M. Road, Fort, Mumbai - 400001, Maharashtra · Mon–Fri, 10:00 AM – 6:00 PM · IRDAI Agent Licence No. LIC03699923
You may also like
Plan 921Plan 932LIC's New Children's Money Back Plan
Payouts at 18, 20 and 22
- 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
Plan 934LIC's Jeevan Tarun
Four payout patterns to choose from
- Four survival benefit options from nil to 15% per year
- Premiums payable only up to age 20
- Maturity benefit with bonuses at age 25
- Premium waiver rider available
Plan 948LIC's Bima Shree
Money back for high value cover
- Guaranteed additions during the premium paying term
- Survival benefits in the last four policy years
- High sum assured rebates
- Loan facility available
This page describes LIC's New Money Back Plan - 20 Years 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.