LIC’s New Money Back Plan-25 years

LIC’s New Money Back Plan-25 years is a simple participating anticipated endowment plan. Thus, it is considered a traditional money-back plan with scheduled payments and a bonus facility. This plan being 25-years of tenure has a payment schedule of 25 years of survival and maturity benefits to be paid.

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LIC New Money Back Plan 25 Years - Key Features

  • This endowment plan is a traditional participating plan.
  • Simple money-back plans with the bonus option.
  • The insured needs to pay a premium for a time frame of 20 years in case the plan continues for 25 years.
  • If the Life Insured is alive at the end of the 5th, 10th, 15th, and 20th years, 15% of the Basic Sum Assured is paid as Survival Benefit, and the policy continues.
  • The rest of the 40% of the Basic Sum Assured is paid on survival until the completion of the policy tenure, along with the accrued bonuses.
  • If the life insured demise during the policy term, the entire Sum Assured on Death plus accrued Bonuses would be payable to the beneficiary as Death Benefit.

LIC New Money Back Plan 25 Years - Benefits

  • Bonus: The policyholder receives a particular share of the benefits in bonuses earned by the company as Final Additional Bonus and Simple Reversionary Bonus.
  • Survival Benefit: On survival, 15% of the Sum Assured is paid to the policyholder as Survival Benefit, and the policy continues:
    • Payable at the end of the 5th Policy Year
    • Payable at the end of the 10th Policy Year
    • Payable at the end of the 15th Policy Year
    • Payable at the end of the 20th Policy Year
  • Maturity Benefit: If the insured survives till the completion of the policy term, the remaining 40% of the Basic Sum Assured plus accrued bonuses are paid as maturity benefit to the owner of the insurance policy, and the plan terminates 
  • Death Benefit- In case of the unfortunate demise of the insurance plan owner, the Sum Assured on Death plus accrued Bonuses would be payable to the beneficiary regardless of the sum paid earlier as survival benefit. Sum Assured on expiry is defined as higher of:
    • 125% of the Basic Sum Assured, which is chosen by the insured at the beginning of the policy
    • 10x the annual premium as being paid.
    • On the date of demise, a minimum of 105% of the entire premiums deposited is paid out to the beneficiary.
    • This plan provides add-on coverage as accidental death and disability benefit rider.
    • Higher discounts are applied in the case of yearly and half-yearly premium payments.
    • The LIC policyholder can save on taxes on the claim received and premium paid per section 10(10D) and 80C of the Income Tax Act.

LIC New Money Back Plan 25 Years - Product Specification




Entry Age (Last Birthday)

13 years

45 years

Maturity Age (Last Birthday)


70 years

Policy Term (PT) in years

25 years

Premium Paying Term (PPT) in years

20 years

Premium Paying Frequency

Annual, half-yearly, quarterly, and monthly

Sum Assured

Rs 1 Lac

No Limit

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Details About Premium

The annual premium is mentioned in Rupees. Basic Premium is mentioned below (Tax not included)


Rs 5 Lacs Sum Assured

Rs 10 Lacs Sum Assured

20 Years



30 Years



40 Years



LIC New Money Back Plan 25 Years - Policy Details

  • Grace Period:  A particular period of grace, i.e.30 days, is provided to the insurance owner during which he/she can pay off all the due premiums. In case of failure, the policy will lapse.
  • Policy Termination or Surrender Benefit: The Policy lapses after the end of the Grace Period, but it can be revived within 2 years from the first unpaid premium due date. Surrender Benefit is available after premium payment of 3 full years’ according to a table.
  • Free Look Period: During the initial 15 days of the policy coming into effect, the policyholder gets a free look at the various features of the policy. If the policy does not live up to the purchaser's expectations during this period, the procedure may be canceled at zero cost. In the event of cancellation, the first premium payout made by the insured is refunded minimum an appropriate charge as determined by the insurance provider.


  • The loan is available in this plan after the policy acquires a surrender value after 3 policy years
  • The Policy can be paid up after paying at least 3 years’ premiums, but the Paid-Up Sum Assured reduces proportionately


If the insured commits suicide within 12 months of the policy enforcement, then only 80% of the premium is paid back to the policy's beneficiary. An acquired Surrender Value or a higher of 80% of premiums paid is provided to the nominee if the insurance holder commits suicide within 12 months of policy revival.

Documents Required

The insured should keep certain handy documents while filling the application form. These are as follows

  • Proof of Identity
  • Bank account details
  • Address proof
  • Copy of photograph
  • KYC Documents

In some instances, medical examination and income proof may also be required for LIC schemes.


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
++Returns are 10 years returns of Nifty 100 Index benchmark

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