LIC New Money Back Plan (20 & 25 Years) (Plan No. 720 / 721)
Get a part of your sum assured back every 5 years with full life cover.
LIC’s New Money Back Plan comes in two versions – 20 years (Plan 720) and 25 years (Plan 721). A portion of the sum assured is paid back every five years, while the life cover remains equal to the full sum assured.
| Plan name | LIC New Money Back Plan (20 & 25 Years) |
|---|---|
| Plan number | 720 / 721 |
| UIN | 512N280V03 / 512N278V03 |
| Category | Money Back Plans |
How LIC New Money Back Plan (20 & 25 Years) works
- 20-year plan: 20% of basic sum assured at the end of the 5th, 10th and 15th years; 40% plus bonuses at maturity.
- 25-year plan: 15% at the end of the 5th, 10th, 15th and 20th years; 40% plus bonuses at maturity.
- On death, the full death benefit is paid without deducting the money-back amounts already given.
Who should buy this plan?
- Families with planned expenses every few years
- Business people who want periodic liquidity
- Those who like seeing returns during the policy
Important points before you buy
- Bonuses are not guaranteed.
- Money-back amounts are not deducted from the death benefit.
Get your exact premium & maturity illustration: premium depends on your age, sum assured, term and health. WhatsApp your date of birth and required cover to +91 75085 67891 and get an official LIC illustration free.
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Why buy LIC New Money Back Plan (20 & 25 Years) through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
The 20-year plan gives bigger instalments (20%) sooner; the 25-year plan gives smaller instalments (15%) over a longer period of cover.
Call or WhatsApp Vedpal Singh on +91 75085 67891. We explain the plan, prepare a benefit illustration for your age, complete the proposal form and documents, and help with medicals if needed – at your home or office in Chandigarh, Mohali, Panchkula or Zirakpur.
Usually Aadhaar, PAN, a photograph, address proof, income proof (for higher cover), bank details for premium/maturity and nominee details. Exact requirements depend on the plan and sum assured.
Premiums may qualify for deduction under Section 80C (old tax regime), and maturity/death benefits may be exempt under Section 10(10D), subject to conditions and limits under prevailing tax laws. Please confirm with your tax advisor.
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
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Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.