LIC New Money Back Plan – 20 Years
A participating, non-linked money back plan from LIC of India with a 20-year policy term.
Overview
LIC New Money Back Plan – 20 Years is a participating money back plan from LIC of India providing periodic survival benefits during the term and a maturity benefit, as defined in the official brochure.
Key features
- Periodic survival benefits during the policy term
- Maturity benefit as per official policy conditions
- Payout schedule defined in the official LIC brochure
Eligibility
- Entry age, maturity age, minimum and maximum sum assured and policy term limits are prescribed by LIC in the official brochure
- Eligibility is subject to underwriting and the insurer's current rules
- Speak to the advisor for a personalised eligibility check
Benefits
- Death benefit as defined in the official policy conditions
- Maturity or survival benefit where applicable to this plan type
- Tax treatment depends on prevailing law and individual circumstances — confirm independently
Policy term & premium payment
- Policy term
- 20 years, as specified in the official LIC brochure
- Premium frequency
- Yearly / Half-yearly / Quarterly / Monthly (as permitted by LIC)
Who may consider this plan
People who want liquidity at intervals rather than a single maturity payout.
Important notes
All benefit percentages and eligibility limits are as per the official LIC brochure.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.