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Plan 920 — New Money Back Plan (20 & 25 Year)
ℹ️ Min SA: ₹1 Lakh | Age:
13–50 yrs | Term: 20 or 25 yrs | Periodic survival benefits
during term
LIC New Money Back Plan (Plan 920) — Complete Guide
LIC New Money Back Plan 920 is a participating, non-linked money-back policy that provides financial liquidity at periodic intervals during the policy term. It is ideal for individuals who need funds at regular intervals for specific goals like children's education, marriage, or business expansion.
Key Benefits
- Periodic Payouts: 20% of SA at the end of every 5 years (20-yr plan) or 15% every 5 years (25-yr plan)
- Death Benefit: Full Sum Assured (regardless of survival benefits already paid) + Bonus
- Maturity Benefit: Remaining SA + accumulated bonus
- Tax Benefits: Premium deductible under Section 80C; Maturity/Death proceeds exempt under 10(10D)