LIC · Savings · Money-Back
New Money Back Plan - 20 Years
A participating money-back plan that returns 20% of the sum assured every 5 years during a 20-year term, with the balance plus bonuses paid at maturity.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryMoney-Back
InsurerLIC
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A participating money-back plan that returns 20% of the sum assured every 5 years during a 20-year term, with the balance plus bonuses paid at maturity.
You might need this if…
- You might need this if you want cash back at regular intervals (every 5 years) rather than one lump sum at the end.
- You might need this if you want life cover that also builds savings with a chance of annual bonuses, rather than a purely guaranteed-only plan.
- You might need this if you have periodic financial goals (education milestones, loan repayments) roughly every 5 years over the next two decades.
- You might need this if you want full sum-assured-level death cover to continue throughout the term even after survival payouts start.
How it actually works
- Entry age 13-50 years; 20-year policy term; 15-year premium payment term; maximum maturity age 70.
- Minimum Basic Sum Assured ₹2,00,000 in multiples of ₹25,000, no maximum.
- Survival benefit: 20% of Basic Sum Assured paid at the end of each of the 5th, 10th and 15th policy years (while the policy stays in force).
- Maturity benefit: remaining 40% of Basic Sum Assured plus vested Simple Reversionary Bonuses and any Final Additional Bonus.
- Death benefit at any time during the term (full amount, regardless of survival payouts already made): higher of 125% of Basic Sum Assured or 7x annualised premium, plus vested bonuses, floor of 105% of premiums paid.
- Optional riders: accidental death & disability, accident benefit, new term assurance (combined cap 30% of base premium).
Worked example
A 30-year-old with ₹2,00,000 Basic Sum Assured pays about ₹16,082 a year (excluding taxes), receiving ₹40,000 at each of years 5, 10 and 15, plus a final payout of ₹80,000 plus bonuses at year 20.
The tiers
| Policy Year | Survival Benefit |
|---|
| 5 | 20% of Basic Sum Assured |
| 10 | 20% of Basic Sum Assured |
| 15 | 20% of Basic Sum Assured |
| 20 (Maturity) | 40% of Basic Sum Assured + bonuses |
Worth knowing before you decide
- This is a participating plan — bonus rates are declared annually by LIC and are not guaranteed in advance.
- Death cover remains at the full sum-assured level even after survival payouts, but benefits depend on premiums staying current.
- Surrender is allowed after 1 year, but guaranteed surrender value only applies from year 2.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →