LIC New Money Back (20 Years) (720)
Periodic payouts every 5 years
Results
Fill the details on the left and press Calculate Premium to see the estimate.
About this plan
A 20-year money-back plan that returns a portion of the sum assured at regular intervals, with the balance and bonuses paid at maturity.
Eligibility
- Entry age: 13 to 50 years
- Fixed policy term: 20 years
- Minimum sum assured: ₹1,00,000
- Survival benefits at end of years 5, 10 and 15
Benefits
- 20% of SA at year 5, 10 and 15
- 40% of SA + bonuses + FAB at maturity
- Full SA + bonuses on death regardless of survival benefits paid
Important notes
- GST is charged at 4.5% on first-year premium and 2.25% on renewals; a blended rate is shown here.
- Bonus & FAB values are indicative, based on recently declared rates.
- Grace period of 30 days and free look period of 15 days apply per LIC rules.