About LIC New Money Back Plan — 20 Years (Plan 920)
LIC New Money Back 20 Years is the perfect plan for people who want regular liquidity along with insurance. Instead of waiting till maturity, you get 20% of Sum Assured back every 5 years — ideal for planned expenses like children's education, family functions or renovations.
Benefit Structure (₹10 Lakh Example)
| Policy Year | Benefit | Amount |
|---|---|---|
| End of 5th year | Survival Benefit — 20% SA | ₹2,00,000 |
| End of 10th year | Survival Benefit — 20% SA | ₹2,00,000 |
| End of 15th year | Survival Benefit — 20% SA | ₹2,00,000 |
| End of 20th year (Maturity) | 40% SA + Bonus + FAB | ₹4,00,000 + approx ₹8,05,000 |
| Total Approx. Returns | ₹18,00,000+ | |
Key Features of Plan 920
- Entry age: 13 to 50 years | Policy term: 20 years | PPT: 15 years only
- Death benefit: 125% of Sum Assured + vested bonus — paid in full even if all money-backs were received
- Bonus: approx. ₹39 per ₹1000 SA per year + FAB at maturity
- Tax free: survival benefits, maturity and death claim under Sec 10(10D)
- Riders available: Accidental Death & Disability, New Term Assurance, Premium Waiver
💡 Did you know? Because premiums stop at year 15 but bonus accrues for the full 20 years, plan 920's effective return is better than it first appears. Read our detailed New Money Back 920 review.