LIC’s New Money Back Plan is a perfect plan for the people who are looking for insurance with money back at regular intervals. LIC’s New Money Back Plan is a fixed term plan for 20 years with a premium paying term 15 years.

LIC’s New Money Back Plan helps to meet the short-term goal with money back at regular intervals and long-term goals with maturity on completion of policy term along with full insurance cover till policy term.

As a part of this policy, the insured gets a survival benefit of 20% of the basic sum assured at the end of the 5th, 10th,15th year and 40% at the end of the 20th years, along with bonus for full 20 years of the policy. Additional bonuses, if any, are also paid on maturity.

In case the life assured dies during the policy term, the full sum assured will be paid, irrespective of the survival benefits.

Benefits of LIC Money Back Policy- 20 years

• This is a fixed term participating traditional plan
• Survival Benefits paid (Money Back) at the end of 5, 10, 15 & 20th year
• Premium need to pay for 15 years for 20 Years policy
• This Plan is non linked with the Market
• The scheme guarantees risk coverage for full Sum Assured from day one of policy.
• In case of death of insured any time during the policy term, nominee will get full Sum assured and bonus along with FAB, if any.
• The minimum sum assured is Rs 100000 with no maximum limit
• This policy can be taken between 13 years to 50 years of age
• The policy offers all premium paying mode i.e. monthly, ecs, quarterly, half yearly and yearly
• This plan offers additional riders like Accidental Death Benefit Rider, Accidental and Disability Rider
• There is a Loan and Surrender facility available under this plan
• Premium paid under this policy gets tax benefits under IT act


How to invest in Investment Schemes via has made investment extremely easy, even for new investors. One can invest in various investment schemes by following the 7 steps below:

1. Tell us what you are looking for
2. We find the best advisor or source in your area
3. You connect with the local advisor of your area
4. Need based Financial Planning & Presentation to identify your financial goals
5. Free guidance to pick the right kind of schemes depending on your goals
6. Guidance on Documentation (KYC), Verification and Completion of Proposal
7. Support system for post investment queries and difficulties, if any



Why to invest in Investment Schemes with

• Instant investment solution within few minutes
• Huge Network of Local Advisors
• Lowest Price Guaranteed
• Guaranteed Claim Assistance
• No Commission for matching Advisor
• 24*7 Online Digital Support



Just give us your name, phone number, and email address. We'll help you get started in minutes!


Contact With Agent

+91 8433784840

Buy Now


We’re here to help. Call, Chat or Arrange Callback. Our advisors will help to choose right product for you

Call Us

+91 8433784840

We’ll call you

Fix time for call