Lic New Money Back
vs
Fixed Maturity Plan
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic New Money Back |
3475-1732871080.webp){kind=logo} Fixed Maturity Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 70 years | 70 years |
| Premium payment term | 15 years | Single, Limited, Regular |
| Plan Entry Age | Minimum Age - 13 years Maximum Age - 50 years | 8 years |
| Sum assured | Rs 1 lakh to No limit | Rs. 15000- no limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Single, Limited, Regular |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 20 years | Minimum-5 to Maximum-10 years. |
| Claim Settlement Ratio (2023-24) | 98.62 | 98.12 |
The LIC New Money Back Plan 20 Years (Plan No: 920)was floated on January 6, 2014 to cater to the financial needs of the business and the salaried class of Indians. This is a fixed-period non-linked participating plan which protects the policy holder against death besides disbursing a periodic payout upon survival at twenty percent of Sum Assured upon completion of five, ten and fifteen years.
A simple reversionary bonus also accrues upon policy maturity and the plan comes with an add-on accidental death and disability coverage.
LIC New Money Back Plan 20 Years offers you a range of benefits including:
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