💰 New Money Back (20 Years) – 720

LIC New Money Back Plan – 720 is a popular life insurance product that provides a blend of **insurance protection + periodic money-back payouts** during the policy term. It is designed to offer financial liquidity at regular intervals while ensuring that the policyholder’s family remains protected through life cover.

This plan is ideal for individuals who want **regular cash inflows**, long-term savings, and guaranteed protection, making it suitable for future milestones like education, family needs, or personal financial goals.

Key Features

• Regular Money Back Benefits: Survival benefits are paid every five years—offering liquidity during the policy term.
• Death Benefit: Full sum assured is paid to the nominee irrespective of previously paid money-back amounts.
• Maturity Benefit: Remaining sum assured + bonuses are paid at maturity, making it a strong savings plan.
• Reversionary Bonuses: Eligible for annual bonuses declared by LIC, increasing long-term returns.
• Loan Facility: Policyholders can avail loans after the policy acquires a surrender value.
• Flexible Premium Payment: Convenient premium modes – yearly, half-yearly, quarterly, monthly.
• Tax Benefits: Premiums under Section 80C and maturity/death benefits under Section 10(10D).

Benefits

✔ Guaranteed Liquidity: Periodic payouts help meet financial milestones easily.

✔ Secure Protection: Life cover continues throughout the term, safeguarding your family’s future.

✔ Enhanced Savings: Guaranteed maturity + bonuses provide strong long-term returns.

Conclusion

LIC’s New Money Back Plan (20 Years) – 720 is ideal for individuals seeking regular cash returns along with the security of life insurance. With its combination of periodic payouts, bonuses, and a strong maturity benefit, this plan helps build a financially stable and future-ready portfolio with low risk and guaranteed benefits.