LIC's New Money Back Plan - 20 Years - LIC

LIC's New Money Back Plan - 20 Years

Non-linked, participating plan that pays 20% of the sum assured every 5 years with a bonus-enhanced maturity payout.

Why Choose This Plan?

The LIC New Money Back Plan (20 Years) is a classic money-back policy that ensures you receive funds at critical intervals — 20% of Sum Assured at the 5th, 10th, and 15th years — while the remaining 40% plus all accumulated bonuses are paid at maturity. This regular flow of funds makes it perfect for planning foreseeable expenses: a car purchase, a home renovation, or children's school fees. Life coverage remains in force for the full Sum Assured throughout the term, irrespective of survival benefits already paid.

Frequently Asked Questions

Eligibility criteria vary based on age, medical history, and specific plan requirements. Contact our advisors for a detailed assessment of your eligibility.

The claim process is simple and hassle-free. You can initiate a claim through our online portal, or by contacting our customer support team with the required documentation.

Yes, premiums paid towards this insurance plan may be eligible for tax deductions under relevant sections of the Income Tax Act. Please consult with a tax advisor for specifics.

LIC's New Money Back Plan - 20 Years