LIC Money Back Plan Calculator (Plan 720 & 721)
See exactly when and how much money comes back to you in LIC’s New Money Back Plan.
Illustration only, based on the benefit structure in LIC’s plan brochure. It is not an LIC quotation or benefit illustration. Bonuses are not guaranteed and are not included unless stated. Actual benefits depend on policy terms, premiums paid and LIC’s rules – the policy document prevails.
Get official LIC illustration on WhatsAppHow LIC money back works
In the LIC New Money Back Plan a part of the Basic Sum Assured is paid back to you every 5 years while the full life cover continues:
- 20 years (Plan 720): 20% at the end of the 5th, 10th and 15th year, and 40% plus bonuses at maturity.
- 25 years (Plan 721): 15% at the end of the 5th, 10th, 15th and 20th year, and 40% plus bonuses at maturity.
On death during the term, the full death benefit is paid – money back already received is not deducted.
How this calculator works
- Payouts are a fixed percentage of the Basic Sum Assured as per the plan brochure (Plan 720: 20% × 3 + 40%; Plan 721: 15% × 4 + 40%).
- Year shown = policy start year + policy year of payment.
- Not included: simple reversionary bonuses and final additional bonus (paid with the maturity amount), premiums, taxes and riders.
FAQs
In the 20-year plan you get 20% of the Basic Sum Assured at the end of the 5th, 10th and 15th years, and 40% plus bonuses at the end of the 20th year.
In the 25-year plan, 15% of the Basic Sum Assured is paid at the end of the 5th, 10th, 15th and 20th years, and 40% plus bonuses at the end of the 25th year.
No. The death benefit is paid in full, without deducting survival benefits already paid.
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