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LIC — Money Back Plans
LIC's New Money Back Plan - 20 Years (Plan 720)
Premium
₹75/Day
Sum Assured
₹1 Lakh - No Limit
Term
20 Years
Premium Paying
15 Years
Key Features
25% of Sum Assured paid every 5 years (ages 20, 25, 30)
3 survival benefits totalling 75% of SA
Remaining 25% + bonus paid at maturity
Life cover continues for full 20 years
Bonus participation throughout the term
Loan facility available
Tax benefits under Section 80C & 10(10D)
Benefits
Maturity Benefit
Sum Assured on Maturity + Vested Reversionary Bonuses + Final Additional Bonus
Death Benefit
Sum of all remaining survival benefits + Vested Bonuses (death benefit not less than 105% of premiums paid)
Available Riders
Accident Benefit RiderPremium Waiver Benefit Rider
Eligibility
Age: 18-50 years, Min SA ₹1 Lakh, PPT 15 years
Highlights
Higher 25% money back at shorter intervals - quicker returns