LIC Money Back Policies are designed to offer both insurance protection and periodic payouts during the policy term—making them ideal for those who want liquidity along with life cover. Advisor and Agent in Bangalore Contact: 9739091119
📋 Popular LIC Money Back Plans
| Plan Name | Plan No. | Policy Term | Key Features |
|---|---|---|---|
| LIC’s New Money Back Plan – 20 Years | 720 | 20 years | 20% payout at 5th, 10th, 15th year; 40% + bonus at maturity |
| LIC’s New Money Back Plan – 25 Years | 721 | 25 years | Similar structure with longer term |
| LIC’s New Children’s Money Back Plan | 732 | Flexible | Designed for child’s education and marriage |
| LIC’s Jeevan Tarun | 734 | Up to 25 years | Tailored for children with flexible survival payouts |
| LIC’s Bima Shree | 748 | 14–20 years | High net-worth plan with guaranteed additions |
| LIC’s Bima Ratna | 764 | 15–25 years | Guaranteed payouts and loyalty additions |
💸 What Is a Money Back Policy?
A Money Back Policy from LIC offers:
- Survival Benefits: Periodic payouts during the policy term.
- Maturity Benefit: Final lump sum at the end of the term.
- Death Benefit: Full sum assured paid to nominee, regardless of prior payouts.
- Bonus Additions: Participating plans earn annual bonuses from LIC.
These plans are perfect for individuals who want liquidity during the policy term while still enjoying insurance coverage.
💸 Key Features of LIC Money Back Plans
- Survival Benefits: Receive a percentage of the Sum Assured at regular intervals (e.g., every 5 years)
- Maturity Benefit: Remaining Sum Assured + bonuses paid at the end of the term
- Death Benefit: Full Sum Assured + bonuses paid to nominee, regardless of survival payouts already received
- Bonus Participation: Eligible for Simple Reversionary Bonus and Final Additional Bonus
- Loan Facility: Available after a few years of premium payments
- Tax Benefits: Under Sections 80C and 10(10D)