Robinson John
(LIC Advisor)  

LIC's New Money Back 20 Years Plan (820)

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LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term.


Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity under this plan is free under sec 10(10D).
On Survival
20% of Basic SA is payable after 5th, 10th and 15th year of policy.
Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.
On Death
Sum Assured + Vested Bonus + FAB if any.


Policy Term   20 years 
Minimum Basic Sum Assured   Rs. 1,00,000/- 
Maximum Basic Sum Assured   No Limit 
Minimum Policy Term   20 years 
Maximum Policy Term   20 years 
Premium Paying Term   15 years 
Minimum Entry Age  13 years (completed) 
Maximum Entry Age   50 years (nearest birthday) 
Maximum Age at Maturity for Life Assured   70 years 
Mode of Premium Payment   Yearly, half-yearly, quarterly & monthly 
Accidental Death & Disability Benefit Rider   available on payment of additional premium. 
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Insurance is the subject matter of the solicitation. This website contains only an indication of policy cover described in it. Any information can get changed any time without any prior notice. Please read LIC's official sales brochure carefully before concluding a sale. This is not the official website of L.I.C. of India.
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