💰 New Money Back (20 Years) – 720

LIC New Money Back Plan (20 Years) – 720 is one of the most popular and trusted money-back life insurance plans offered by LIC. It is specially designed for individuals who want regular cash returns during the policy term along with long-term savings and life insurance protection.

Unlike pure savings plans where benefits are received only at maturity, this plan provides periodic survival benefits every five years, ensuring liquidity for important life needs such as children’s education, home expenses, business requirements, or personal goals, while the life cover continues for the full 20-year term.

Key Features of LIC New Money Back Plan – 720

• Regular Money Back Benefits: 20% of the Sum Assured is paid at the end of 5th, 10th, and 15th policy years.
• Full Life Cover: In case of death during the policy term, the nominee receives the full Sum Assured plus bonuses, irrespective of money-back payouts already received.
• Maturity Benefit: Remaining 40% of Sum Assured plus accrued bonuses paid at maturity.
• Bonus Eligible: Participating plan eligible for reversionary bonuses and final additional bonus.
• Loan Facility: Loan available after the policy acquires surrender value.
• Flexible Premium Payment: Yearly, half-yearly, quarterly, or monthly premium modes available.
• Tax Benefits: Premium eligible under Section 80C and benefits under Section 10(10D).
• LIC Trust: Backed by India’s most trusted life insurance institution.

Benefits of LIC New Money Back (20 Years)

✔ Guaranteed Liquidity: Regular payouts every five years help meet planned and unplanned expenses without breaking savings.

✔ Complete Family Protection: Life cover continues for the entire 20-year term even after money-back benefits are paid.

✔ Disciplined Long-Term Savings: Combines periodic income with a strong maturity corpus.

✔ Bonus Advantage: Bonuses enhance both maturity and death benefits.

✔ Risk-Free Planning: Non-market linked plan with guaranteed benefits.

Examples & Calculations

Let us understand how LIC New Money Back (20 Years) – 720 works through a clear and practical example.

• Age at Entry: 30 years
• Policy Term: 20 years
• Sum Assured: ₹10,00,000
• Premium Paying Term: 20 years
• Annual Premium (Approx): ₹45,000 – ₹48,000

Total Premium Paid:
₹46,000 × 20 years = ₹9,20,000 (approx)

Money Back Payouts:
End of 5th Year: ₹2,00,000
End of 10th Year: ₹2,00,000
End of 15th Year: ₹2,00,000
Total Money Back Received: ₹6,00,000

Maturity Benefit (End of 20th Year):
Remaining Sum Assured: ₹4,00,000
+ Accrued Bonuses: ₹6,00,000 – ₹7,00,000 (approx)
Total Maturity Amount: ₹10,00,000 – ₹11,00,000

Total Benefits Received Over 20 Years:
Money Back Benefits: ₹6,00,000
Maturity Amount: ₹10,00,000 – ₹11,00,000
Total Value: ₹16,00,000 – ₹17,00,000

Death Benefit Scenario:
If death occurs at any time during the policy term, the nominee receives the full ₹10,00,000 Sum Assured + bonuses, even if ₹6,00,000 has already been paid as money-back benefits.

Premium and bonus figures are indicative and may vary based on age and LIC bonus declarations.

Who Should Buy LIC New Money Back (20 Years)?

✔ Individuals needing periodic cash flow

✔ Parents planning children’s education expenses

✔ Salaried professionals seeking guaranteed returns

✔ Investors preferring low-risk savings with insurance

Conclusion

LIC New Money Back Plan (20 Years) – 720 is a powerful financial solution for individuals who want the best of both worlds — regular income and long-term financial security. With guaranteed money-back payouts, bonus benefits, and full life cover, this plan offers stability, liquidity, and peace of mind.

If your financial plan requires periodic cash flow without compromising family protection, New Money Back – 720 stands out as a dependable, time-tested, and trusted LIC offering.