LIC New Money-Back Plan 20 Years (720) — Premium & Calculator
LIC New Money-Back Plan-20 (720) pays you back part of the sum assured at regular intervals during the term, not just at the end — with full life cover throughout. Check your premium below.
Calculate my premium →About LIC New Money-Back Plan 20 Years (720)
LIC New Money-Back Plan-20 is a participating, non-linked money-back plan with a 20-year term. It returns money to you periodically — survival benefits are paid at the end of the 5th, 10th and 15th years — and the balance plus bonuses is paid at maturity. This gives liquidity during the policy, useful for recurring needs.
Crucially, the death benefit is the full Sum Assured regardless of the survival benefits already received, so the family’s protection is never reduced by the money-back payouts.
Key details at a glance
| Plan type | Participating Money-Back |
| Entry age | 13 to 50 years |
| Policy term | 20 years (premiums for 15 years) |
| Minimum sum assured | ₹ 1,00,000 |
| GST on premium | Nil (exempt from 22 Sep 2025) |
Benefits
- Periodic money-back: survival benefits paid at the end of years 5, 10 and 15.
- Maturity benefit: the remaining sum assured proportion plus vested bonuses and Final Additional Bonus.
- Full death cover: on death, the nominee receives the full Sum Assured on Death plus bonuses — the earlier money-back payments are not deducted.
- Limited premium: premiums are paid for 15 years for the 20-year term.
How much is the premium?
The premium depends on your age, the term or paying period you choose, and the sum assured. The figures here come from LIC’s own official rate tables, so they match LIC’s quotation to the rupee.
Frequently asked questions
How does the money-back work?
You receive part of the sum assured at fixed intervals during the term (years 5, 10 and 15), and the rest with bonuses at maturity.
Is the death benefit reduced by money-back paid?
No. On death the full Sum Assured on Death plus bonuses is paid, independent of survival benefits already received.
What is the term and paying period?
A 20-year term with premiums payable for 15 years.
Any GST on the premium?
No — individual life-insurance premiums are GST-exempt from 22 September 2025.
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Disclaimer: BimaJaano is an independent tool and is not affiliated with the Life Insurance Corporation of India. Premium figures are based on LIC’s published tabular rates and are for guidance; benefit descriptions are summaries of the plan’s official terms. Confirm exact figures and features with LIC before buying.