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New Money Back Plan (20 Years) Calculator

Plan 720UIN: 512N280V03

Get 20% of your sum assured back every 5 years

Calculate Your Premium

Eligibility: 13 to 45 years

Minimum: ₹1,00,000

View full plan details for New Money Back Plan (20 Years)→
Estimated Premium

Annual Premium

₹7,880

GST-exempt (individual life cover)

Annual Premium

₹8,041

Sum Assured

₹1,00,000

Term

20 years

Total Premium

₹1,57,604

Projected Maturity

~1.75% p.a. (XIRR)

₹1,90,000

Sum assured ₹1,00,000 + projected bonus ₹90,000. Bonus held flat at latest declared (2025-26) (45/1,000/yr). Indicative, not guaranteed.

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Benefits at a Glance

Death Benefit

Full Sum Assured + bonuses (regardless of survival benefits already paid)

Maturity Benefit

40% of Sum Assured + bonuses (after 3 survival payouts of 20% each)

Survival Benefit

20% of Sum Assured at end of 5th, 10th, and 15th year

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)
Official Premium Table(from LIC Sales Brochure)
Age20 yr
20 yrs₹15,896
30 yrs₹16,082
40 yrs₹16,846
50 yrs₹18,679

Annual premiums in Rs. for BSA of ₹2,00,000. Standard lives. Exclusive of taxes.

Mode Rebates: Yearly: -2% of Tabular Premium | Half-Yearly: -1% of Tabular Premium | Qtr/Monthly: NIL

High Sum Assured Rebate

Sum Assured RangeRebate
₹2,00,000 to ₹4,75,000Nil
₹5,00,000 and above3.00‰ BSA

Important Disclaimer

These premium rates are indicative, sourced from official LIC Sales Brochures. Actual premiums may differ based on underwriting, medical examination, and other factors. Individual life insurance is GST-exempt since Sep 2025. Please consult your insurance advisor or nearest LIC branch for exact premium quotes before making any purchase decisions.

Last verified: 2026-03-21

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