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New Money Back (Table No 820)









LIC's New Money Back Policy (Table No- 820) is a Non-Linked gauranteed returns endowment plan.LIC New Money Back Policy for 20 years lets you enjoy 20% of sum assured after every fifth, tenth, and fifteenth year of the policy. And, on the twentieth year, it provides you the accrued bonus along with 40% of policy's balance.You can select the type of money back policy as per your financial requirements.


Features of LIC New Money Back Policy:

  • This is a simple money back plan with both Death and Survival Benefits.
  • Money back will be paid once in every 5 years.
  • Available under Section 80 C for premiums paid.
  • And Section 10 (10D) for Maturity returns.


   Eligibility Criteria For Money Back Plan  :  
Minimum Age at Entry 13 Years (Completed)
Maximum Age at Entry 50 Years(Nearest Birthday)
Maximum Maturity Age 70 Years(Nearest Birthday)
Policy Term  20 Years
Premium Paying Term 15 Years
Minimum Sum Assured 1,00,000/-
Maximum Sum Assured No Limit (sum assured in multiple of 5000/-)
Policy Mode Yearly,Half-Yearly,Quaterly,Monthly (NACH only)


Rebate Of Mode Of Premium

Yearly-- 2%

Half-Yearly-- 1%

Quaterly & Monthly-- Nil


High Sum Assured Rebate

1,00,000 to 1,95,000 -- Nil

2,00,000 to 4,95,000 -- 2% on B.S.A.

5,00,000  and Above-- 3% on B.S.A.

Loan After payment of premiums for at least 3 full years
Revival Within 2 Years of lapse


Death Benefit:On death of the life insured, Sum Assured on Death ( 125% of SA or 10 times Annual Premium whichever is higher) with the accured Bonus will be paid to the nominee without deducting any of the earlier money back paid.


Maturity Return:- 40 % of Sum Assured with Bonus and Loyalty Additions (if any) will be paid.

Money Back Amount — The return on every 5th year is:

  • 20% of Sum assured in 5th , 10th & 15th yr for a policy term of 20 years

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