Long-tenure money-back plan with 4 survival payouts during the term plus a final maturity benefit at year 25. Ideal for long-term goals.
LIC New Money Back (721) gives 15% of sum assured at 5, 10, 15, and 20 years plus 40% + bonuses at maturity. Ideal for long-term goals like retirement or children's marriage.
Estimate premium and benefits for the 25-year money back plan.
LIC New Money Back Plan - 25 Years (Plan 721) is the longer-tenure sibling of the popular Plan 720. It provides four survival benefit payouts during the 25-year policy term, plus a final maturity benefit at the end. It is ideal for people with long-term financial goals like a child's higher education or marriage 20+ years away.
| Plan Number | 721 |
|---|---|
| Plan Type | Participating, Limited Premium, Money-Back |
| Minimum Age at Entry | 13 years |
| Maximum Age at Entry | 45 years |
| Policy Term | 25 years (fixed) |
| Premium Paying Term (PPT) | 20 years |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No upper limit |
| Payout | When | % of Sum Assured |
|---|---|---|
| 1st Money Back | End of Year 5 | 15% |
| 2nd Money Back | End of Year 10 | 15% |
| 3rd Money Back | End of Year 15 | 15% |
| 4th Money Back | End of Year 20 | 15% |
| Total Survival Payouts | By end of Year 20 | 60% of SA |
On survival till end of Year 25:
| Feature | Plan 720 (20Y) | Plan 721 (25Y) |
|---|---|---|
| Policy Term | 20 years | 25 years |
| PPT | 15 years | 20 years |
| Survival Payouts | 3 (at 5, 10, 15 yrs) — 20% each | 4 (at 5, 10, 15, 20 yrs) — 15% each |
| Total Survival Payouts | 60% of SA | 60% of SA |
| Maturity Payout | 40% SA + Bonus + FAB | 40% SA + Bonus + FAB |
| Max Entry Age | 50 years | 45 years |
| Best For | Mid-term goals (15-20 yrs) | Long-term goals (20-25 yrs) |