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LIC — Money Back Plans
LIC's New Money Back Plan - 25 Years (Plan 721)
Premium
₹80/Day
Sum Assured
₹1 Lakh - No Limit
Term
25 Years
Premium Paying
20 Years
Key Features
20% of Sum Assured paid every 5 years (ages 20, 25, 30, 35)
4 survival benefits totalling 80% of SA
Remaining 20% + bonus paid at maturity
Life cover continues for full 25 years
Bonus participation throughout the term
Loan facility available after 3 years
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: 18-45 years, Min SA ₹1 Lakh, PPT 20 years
Highlights
20% money back every 5 years - perfect for children's education milestones