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Plan No. 920
  • LIC's New Money Back Plan offers the Guaranteed pay-outs along with Life cover
  • This plan offers guaranteed tax-free 20% of Sum Assured in 5th, 10th & 15th Year of the policy. The premium payment term in this plan is 15 years.
  • On Maturity you will get tax-free Guaranteed 40% of Sum Assured along with vested reversionary bonus. LIC declared the bonus every year
  • This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
  • LIC also offer the discount in the premium in case the mode of payment is Yearly.
  • The loan is also available to the policyholder after the completion of 1 year of the policy
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 13 Years (Completed) 50 Years (Near Birthday)
Policy Term 20 Years
Premium Payment Term 15 Years
Basic Sum Assured Rs.1 Lac No Limit
Maximum Maturity Age 70 Years Completed
Rider LIC's NEW TERM INSURANCE RIDER (TR)
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