LIC · Money Back Plans · Plan
LIC's New Money Back Plan - 20 Years
एलआईसी न्यू मनी बैक - 20 वर्ष
A money-back category plan that may pay survival benefits at intervals plus life cover — confirm schedule officially.
Verified against official LIC information by Sharda
Sharda IT Services is not LIC, does not issue LIC policies, and is not the insurer. Information is for educational and comparison purposes. Official LIC documents, prospectus, terms and quotations prevail.
Source
LIC India — Official Website
Data version
licindia-insurance-plan-2026-09-02 / sharda-lic-hub-1
Status
CURRENT
What is this plan?
LIC's New Money Back Plan - 20 Years (Plan 720, UIN 512N280V03) is listed under Money Back Plans on LIC’s official directory. Money-back designs typically combine life cover with periodic survival payouts during the term; exact percentages and dates are product-specific.
Why someone may consider it
Could be considered by someone exploring periodic in-term payouts with protection — not advice.
This plan may not suit everyone
May not suit pure term-only buyers or those wanting ULIP-style market linkage.
Key points (educational)
- Official Money Back category listing.
- Survival benefit schedule — refer to official brochure/policy document.
Benefit flow (structure only)
- 1Policy start
- 2Survival / money-back payouts
- 3Maturity (if applicable)
- 4Death benefit
Timeline is educational — do not assume benefits absent from official documents.
Guaranteed vs non-guaranteed
Guaranteed
Treat amounts as guaranteed only when LIC’s official document expressly states they are guaranteed.
Non-guaranteed
Do not treat bonuses or illustrative figures as guaranteed returns.
Premium / payment
Premium depends on applicable official terms/underwriting. Check the official LIC quote. Sharda does not publish invented premiums.
Not an exact LIC premium — official LIC quote required
Refer to official documents for
- Survival benefit percentagesOfficial
- Maturity benefitOfficial
- Premium paying termOfficial
- Child age rules where relevantOfficial
Official documents / sources
Copyrighted LIC PDFs are not republished here — official links are preferred.
Why trust this information?
- Official LIC source used
- Plan number and UIN shown
- Last verification: 2026-09-02
- Official documents linked
- Current/withdrawn status clear
- Sharda is not LIC
FAQ
Are money-back payouts guaranteed?
Only treat amounts as guaranteed if LIC’s official document states them as guaranteed. Otherwise refer to the official source.
Explore related plans
Documentation assistance enquiry
Sharda can help with information and paperwork — we are not the insurer.
Source directory: https://licindia.in/insurance-plan · Verified against official LIC information by Sharda