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LIC’s New Money Back Plan – 25 Years

What is the Plan all About?

LIC’s New Money Back Plan – 25 Years is a non-linked, participating plan that provides periodic payment on survival at specified durations through the policy term. This plan also provides death cover, so your family’s financial protection is ensured. This plan also provides loan benefit, so you can take care of your liquidity needs.


What are the Key Features?

  • Money backs as 15% of sum assured on 5th/10th/15th/20th policy year
  • Avail Maturity benefit
  • Life cover available
  • Enjoy bonuses
  • Choose rider to boost protection
  • Get high sum assured discount
  • Rebate on opting Annually & Semi Annually payment mode
  • Loan facility available
  • Avail tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the life insured before the date of maturity, the Death Benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee, provided the policy is in-force. Sum Assured on Death is higher of 125% of basic sum assured or 10 times of annualized premium. The total death benefit payable cannot be less than 105% of all the premiums paid.

Maturity Benefit

    On survival of the life insured till maturity of the policy, 40% of the Basic Sum Assured plus Simple Reversionary Bonuses & Final Additional Bonus is payable.

Survival Benefit

    15% of the basic sum assured is payable at the end of each of 5th, 10th, 15th & 20th policy year. This benefit is payable on survival of the life insured to the end of the specific durations during the policy term, provided the policy is in-force.


    Simple Reversionary Bonus is declared annually at the end of each financial year. When declared, it becomes guaranteed benefit under the plan. This bonus amount is added from the date of commencement of the policy till death or completion of the policy term, whichever is earlier. Final additional bonus may also be payable, in case of claim due to maturity or death.

Loan Benefit

    Loan facility can be availed under this policy, after payment of three full policy years’ premiums.

Surrender Value

    This policy acquires Surrender Value after paying at least three full policy years’ premium. The Guaranteed Surrender Value is a percentage of total premiums paid and it depends on the year of surrender. The Surrender Value of Vested Simple Reversionary Bonuses is also payable. The Special Surrender Value is payable, when it is more favorable to the policyholder.

Tax Benefit

    Under this policy, you can avail tax benefits under section 80C & 10 (10D) of the Income Tax Act, subject to change in tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 13 Years 45 Years
Age at Maturity - 70 Years
Policy Tenure 25 Years -
Premium Paying Term 20 Years -
Premium Paying Mode Annually, Semi Annually, Quarterly & Monthly -
Sum Assured Rs 1 Lac No Limit (subject To Underwriting)
Freelook Period 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

LIC’s Accidental Death and Disability Benefit Rider can be opted, on payment of additional rider premium.

How the Plan Works?

Raman at 30 years, wants to buy LIC’s New Money Back Plan – 25 Years to get regular money backs along with life protection. He opts the plan with the policy term of 25 years, premium paying term of 20 years, sum assured is Rs 1,00,000 with annual premium of Rs 6,022.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 15,000 is payable at the end of each of 5th, 10th, 15th & 20th policy year, as the survival benefit. He also receives Rs 40,000 plus Simple Reversionary Bonuses & Final Additional Bonus as the maturity benefit.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the policy term, Rs 1,00,000 plus Vested Simple Reversionary Bonuses & Final Additional Bonus is payable to the nominee.

Benefit Illustration:

LIC’s New Money Back Plan – 25 Years

Please Note: The benefits illustrated above are calculated at Projected Non-Guaranteed Investment Rate of Return assumption of 4% p.a. (Scenario 1) and 8% p.a. (Scenario 2) respectively. It is assumed that the rate of return will be able to earn throughout the term of the policy.