LIC’s New Money Back Plan-25 years is a Non-Linked Participating, Limited Premium, Individual Life Assurance plan. It provides protection against death throughout the plan’s term and offers periodic payments on survival at specified intervals. This unique combination ensures financial support for the deceased policyholder’s family before maturity and a lump sum amount for surviving policyholders upon maturity. The plan also addresses liquidity needs through its loan facility.


Death Benefit

LIC’s New Money Back Plan-25 years is a life assurance plan offering protection against death and periodic payments on survival. It provides financial support for the family in case of the policyholder’s demise and a lump sum at maturity for survivors, along with a loan facility for liquidity needs.

Survival Benets

If the Life Assured survives until the end of the specified durations and has paid all due premiums, 15% of the Basic Sum Assured will be paid at the end of each of the 5th, 10th, 15th, and 20th policy year.

Maturity Benefits

If the Life Assured survives until the end of the policy term, provided that the policy is active, the “Sum Assured on Maturity” will be paid, along with vested Simple Reversionary Bonuses and the Final Additional Bonus, if applicable. “Sum Assured on Maturity” is equal to 40% of the Basic Sum Assured.

Participation in Profits

The policy shares in Corporation profits and receives Simple Reversionary Bonuses if it’s active. Final Additional Bonus may be granted in claim years (death or maturity), but not for paid-up policies. Allocation of surplus from actuarial investigations is approved by the Central Government under LIC Act, 1956.

Eligibility Conditions

Minimum Basic Sum Assured Rs. 100,000
Maximum Basic Sum Assured No Limit
Minimum Age at entry 13 years (completed)
Maximum Age at entry 45 years (nearer birthday)
Maximum Maturity Age 70 years (nearer birthday)
Policy Term 25 years
Premium Paying Term 20 years

Payment Options Available

Mode of Instalment payment Minimum instalment amount
Monthly Rs 5,000/-
Quarterly Rs 15,000/-
Half-Yearly Rs 25,000/-
Yearly Rs 50,000/-


Suicide Clause: i. The policy becomes void if the Life Assured, whether sane or insane, commits suicide within 12 months from the risk commencement date. In such cases, the Corporation will not entertain any claim under the policy, except for a refund of 80% of the total premiums paid, provided the policy is active. ii. If the Life Assured, whether sane or insane, commits suicide within 12 months from the date of revival, the payout is the higher of 80% of the total premiums paid until the date of death or the surrender value as of the date of death. No other claims are entertained under the policy.

This clause does not apply to policies that have lapsed without acquiring paid-up value, for which no payout is made.

Please note that the mentioned premiums do not include any taxes, extra premiums, or rider premiums, except for the Term Assurance rider, if applicable.

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