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New Money Back – 20 yrs 
Plan No. 820 
PRESENTED BY: - 
SUMEET PAWAR 
( INSURANCE ADVISOR) 
CONTAC TS: - 
(+91) 7738546484 
(+91) 9773757120
Features 
LIC's New Money Back Plan-20 years is a 
participating non-linked plan which offers an 
attractive combination of protection against death 
throughout the term of the plan along with the 
periodic payment on survival at specified durations 
during the term. This unique combination provides 
financial support for the family of the deceased 
policyholder any time before maturity and lump 
sum amount at the time of maturity for the 
surviving policyholders. This plan also takes care 
of liquidity needs through its loan facility.
Benefit 
 Death Benefit: (deal with sudden financial crisis) 
On death during the policy term provided the policy is in full 
force, death benefit, defined as sum of “Sum Assured on 
Death” and vested Simple Reversionary Bonuses and Final 
Additional Bonus, if any, shall be payable. Where,“Sum 
Assured on Death” is defined as higher of 125% of the 
Basic Sum Assured or 10 times of annualized premium. 
This death benefit shall not be less than 105% of the total 
premiums paid as on date of death. 
Where premiums exclude service tax, extra premium and rider 
premiums, if any.
Benefit 
 Survival Benefit: (near Term-End Benefit) 
In case of Life Assured surviving to the end of the specified 
durations 20% of the Basic Sum Assured at the end of each 
of 5th, 10th & 15th policy year.
Benefit 
 Maturity Benefit: (Term-End Benefit) 
In case of Life Assured surviving the stipulated date of 
maturity, 40% of the Basic Sum Assured along with vested 
Simple Reversionary Bonuses and Final Additional Bonus, 
if any, shall be payable. 
Participation in Profits: The policy shall participate in 
profits of the Corporation and shall be entitled to receive 
Simple Reversionary Bonuses declared as per the 
experience of the Corporation, provided the policy is in full 
force. 
Final Additional Bonus may also be declared under the policy 
in the year when the policy results into a claim either by 
death or maturity, provided the policy has run for certain 
minimum term.
Accidental Death & Disability Rider 
Benefit 
 LIC’s Accidental Death and Disability Benefit Rider can be opted for 
under an inforce policy at any time within the premium paying term by 
payment of additional premium and the cover will be available 
throughout the policy term provided the Policy is inforce for the full 
Sum Assured as on date of accident. In case of accidental death, the 
Accident Benefit Sum Assured will be payable as lumpsum along with 
the death benefit under the basic plan. In case of accidental permanent 
disability arising due to accident (within 180 days from the date of 
accident), an amount equal to the Accident Benefit Sum Assured will be 
paid in equal monthly installments spread over 10 years and future 
premiums for Accident Benefit Sum Assured as well as premiums for 
the portion of Basic Sum Assured which is equal to Accident Benefit 
Sum Assured under the policy, shall be waived. 
 However, on surrender of an inforce basic policy (which has acquired 
Surrender Value) to which this rider is attached, a proportion of 
additional premium charged in respect of cover after premium paying 
term shall be refunded.
Benefit Illustration 
Details Value 
Age 15 years 
Term 20 years 
Premium Paying Term 15 years 
Sum Assured Rs 1,00,000 
Premium Paid (incl. ST) for 1st yr per month Rs 668 (Rs 648 + Rs 20) 
Premium Paid (incl. ST) from 2nd yr per month Rs 658 (Rs 648 + Rs 10) 
Rs 20,000 on 5th , 10th & 15th yr – Money Back @ 20% Rs 60,000 
Simple Vested Reversionary Bonus Rs 78,000 
Final Bonus Rs 3,000 
TOTAL Maturity Amount Rs 1,21,000 
Notes : 
This illustration is applicable to a non-smoker male/female standard (from medical, life style and 
occupation point of view) life. 
In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth 
Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.
Benefit Illustration 
 Simple Vested Reversionary Bonus Calculation:- 
Bonus Rate Per 1,000 Sum Assured: Rs 39 
Total No. of Years Bonus Paid: 20 years 
Annual Bonus: Rs 39*(1,00,000/1,000) 
: Rs 39*100 = Rs 3,900 
TOTAL Bonus: Rs 3,900*20 years 
: Rs 78,000/-
Benefit Illustration 
 Final Bonus Calculation for Maturity:- 
Bonus Rate Per 1,000 Sum Assured: Rs 30 
Total No. of Years Bonus Paid: One Time 
TOTAL Bonus: Rs 30*(1,00,000/1,000) 
: Rs 30*100 
: Rs 3,000/-
Eligibility Conditions & Other Restrictions 
Details Value 
Minimum Entry Age 13 years (completed) 
Maximum Entry Age 50 years (nearest birthday) 
Maximum Maturity Age 70 years (nearest birthday) 
Policy Term 20 years 
Premium Paying Term 15 years 
Minimum Sum Assured Rs 1,00,000 
Maximum Sum Assured No Limit 
Sum Assured will be in multiple of Rs 5,000 
Premium Payment Mode Regular
Payment of Premiums 
 Premiums can be paid regularly at yearly, half-yearly, 
quarterly or monthly mode (through ECS 
only) or through salary deductions over the term of 
policy. 
 However, a grace period of one month but not less 
than 30 days will be allowed for yearly, half-yearly, 
quarterly modes and 15 days for monthly mode of 
premium payment.
Sample Premium Rates 
Following are some of the sample tabular premium rates (exclusive of service tax) 
per Rs. 1000/- Basic Sum Assured 
Age (in yrs) Premium (in Rs) 
20 78.00 
30 79.10 
40 82.95 
50 92.05
Rebate for High Sum Assured & Payment 
Mode 
Sum Assured (in Rs) Rebate (in Rs) 
1, 00,000 to 1, 95,000 Nil 
2, 00,000 to 4, 95,000 2.00%o B.S.A. 
5, 00,000 and above 3.00%o B.S.A. 
Premium Payment Mode Rebate (in Rs) 
Yearly 2% of Tabular Premium 
Half-Yearly 1% of Tabular premium 
Quarterly & Monthly Nil
Revival 
 If premiums are not paid within the grace period then the policy 
will lapse. A lapsed policy can be revived within a period of 2 
consecutive years from the date of first unpaid premium but 
before the date of maturity by paying all the arrears of premium 
together with interest (compounding half-yearly) at such rate as 
fixed by the Corporation from time to time subject to submission 
of satisfactory evidence of continued insurability. 
 The Corporation reserves the right to accept at original terms, 
accept at revised terms or decline the revival of a discontinued 
policy. The revival of discontinued policy shall take effect only 
after the same is approved by the Corporation and is specifically 
communicated to the Policyholder. 
 Revival of rider(s), if opted for, will be considered along with 
revival of the Basic Policy and not in isolation.
Paid-up Value 
 If at least three full years’ premiums have been paid and any subsequent premiums 
be not duly paid, this policy shall not be wholly void, but shall continue as a paid-up 
policy. The Basic Sum Assured under the policy shall be reduced to such a sum, 
called Paid-up Sum Assured and shall be equal to [(Number of premiums paid / 
Total Number of premiums payable) x Basic Sum Assured] less Total amount of 
survival benefits already paid under the policy. 
 The policy so reduced shall thereafter be free from all liabilities for payment of the 
premiums, but shall not be entitled to participate in future profits. However, the 
vested Simple Reversionary Bonuses shall remain attached to the reduced paid-up 
policy. 
 Notwithstanding the benefits available under a fully inforce policy, in the case of a 
reduced paid up policy, no survival benefits shall be payable and the paid-up value 
along with the vested Simple Reversionary Bonuses, if any, shall be payable only in 
lump-sum on the expiry of policy term or death of life assured, if earlier. 
 Rider(s) shall not acquire any paid-up value and the rider benefits cease to apply, if 
policy is in lapsed condition.
Surrender Value 
The policy can surrendered for cash provided atleast three 
full years’ premiums have been paid. The Guaranteed 
Surrender value shall be percentage of total premiums 
paid (net of service tax) excluding extra premiums and 
premiums for riders, if opted for less any survival 
benefits already paid. This percentage will depend on the 
policy year in which the policy is surrendered. 
In addition, the surrender value of any vested Simple 
Reversionary Bonuses, if any, shall also be payable, 
which is equal to vested bonuses multiplied by the 
surrender value factor applicable to vested bonuses. 
These factors will depend on the policy year in which the 
policy is surrendered.
Loan 
Loan can be availed under the policy provided the 
policy has acquired a surrender value and subject to 
the terms and conditions as the Corporation may 
specify from time to time.
Cooling-off Period 
If the Policyholder is not satisfied with the “Terms and 
Conditions”, policy may be returned to us within 15 
days from the date of receipt of the policy bond 
stating the reasons of objections. On receipt of the 
same the Corporation shall cancel the policy and 
return the amount of premium deposited after 
deducting proportionate risk premium (for basic 
plan and rider(s), if any) for the period on cover, 
expenses incurred on medical examination, special 
reports, if any and stamp duty charges.
Claims Settlement Report of all Life 
Insurance Companies in India (IRDA Annual Report 2012-13)
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New money back 20 years

  • 1. New Money Back – 20 yrs Plan No. 820 PRESENTED BY: - SUMEET PAWAR ( INSURANCE ADVISOR) CONTAC TS: - (+91) 7738546484 (+91) 9773757120
  • 2. Features LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
  • 3. Benefit  Death Benefit: (deal with sudden financial crisis) On death during the policy term provided the policy is in full force, death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where,“Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid as on date of death. Where premiums exclude service tax, extra premium and rider premiums, if any.
  • 4. Benefit  Survival Benefit: (near Term-End Benefit) In case of Life Assured surviving to the end of the specified durations 20% of the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
  • 5. Benefit  Maturity Benefit: (Term-End Benefit) In case of Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force. Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity, provided the policy has run for certain minimum term.
  • 6. Accidental Death & Disability Rider Benefit  LIC’s Accidental Death and Disability Benefit Rider can be opted for under an inforce policy at any time within the premium paying term by payment of additional premium and the cover will be available throughout the policy term provided the Policy is inforce for the full Sum Assured as on date of accident. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.  However, on surrender of an inforce basic policy (which has acquired Surrender Value) to which this rider is attached, a proportion of additional premium charged in respect of cover after premium paying term shall be refunded.
  • 7. Benefit Illustration Details Value Age 15 years Term 20 years Premium Paying Term 15 years Sum Assured Rs 1,00,000 Premium Paid (incl. ST) for 1st yr per month Rs 668 (Rs 648 + Rs 20) Premium Paid (incl. ST) from 2nd yr per month Rs 658 (Rs 648 + Rs 10) Rs 20,000 on 5th , 10th & 15th yr – Money Back @ 20% Rs 60,000 Simple Vested Reversionary Bonus Rs 78,000 Final Bonus Rs 3,000 TOTAL Maturity Amount Rs 1,21,000 Notes : This illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life. In preparing this benefit illustration it is assumed that the Projected CAGR ie Compounded Annual Growth Returns will be 6% p.a. to 10% p.a., as the case may be. The Projected CAGR is not guaranteed.
  • 8. Benefit Illustration  Simple Vested Reversionary Bonus Calculation:- Bonus Rate Per 1,000 Sum Assured: Rs 39 Total No. of Years Bonus Paid: 20 years Annual Bonus: Rs 39*(1,00,000/1,000) : Rs 39*100 = Rs 3,900 TOTAL Bonus: Rs 3,900*20 years : Rs 78,000/-
  • 9. Benefit Illustration  Final Bonus Calculation for Maturity:- Bonus Rate Per 1,000 Sum Assured: Rs 30 Total No. of Years Bonus Paid: One Time TOTAL Bonus: Rs 30*(1,00,000/1,000) : Rs 30*100 : Rs 3,000/-
  • 10. Eligibility Conditions & Other Restrictions Details Value Minimum Entry Age 13 years (completed) Maximum Entry Age 50 years (nearest birthday) Maximum Maturity Age 70 years (nearest birthday) Policy Term 20 years Premium Paying Term 15 years Minimum Sum Assured Rs 1,00,000 Maximum Sum Assured No Limit Sum Assured will be in multiple of Rs 5,000 Premium Payment Mode Regular
  • 11. Payment of Premiums  Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS only) or through salary deductions over the term of policy.  However, a grace period of one month but not less than 30 days will be allowed for yearly, half-yearly, quarterly modes and 15 days for monthly mode of premium payment.
  • 12. Sample Premium Rates Following are some of the sample tabular premium rates (exclusive of service tax) per Rs. 1000/- Basic Sum Assured Age (in yrs) Premium (in Rs) 20 78.00 30 79.10 40 82.95 50 92.05
  • 13. Rebate for High Sum Assured & Payment Mode Sum Assured (in Rs) Rebate (in Rs) 1, 00,000 to 1, 95,000 Nil 2, 00,000 to 4, 95,000 2.00%o B.S.A. 5, 00,000 and above 3.00%o B.S.A. Premium Payment Mode Rebate (in Rs) Yearly 2% of Tabular Premium Half-Yearly 1% of Tabular premium Quarterly & Monthly Nil
  • 14. Revival  If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium but before the date of maturity by paying all the arrears of premium together with interest (compounding half-yearly) at such rate as fixed by the Corporation from time to time subject to submission of satisfactory evidence of continued insurability.  The Corporation reserves the right to accept at original terms, accept at revised terms or decline the revival of a discontinued policy. The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Policyholder.  Revival of rider(s), if opted for, will be considered along with revival of the Basic Policy and not in isolation.
  • 15. Paid-up Value  If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, this policy shall not be wholly void, but shall continue as a paid-up policy. The Basic Sum Assured under the policy shall be reduced to such a sum, called Paid-up Sum Assured and shall be equal to [(Number of premiums paid / Total Number of premiums payable) x Basic Sum Assured] less Total amount of survival benefits already paid under the policy.  The policy so reduced shall thereafter be free from all liabilities for payment of the premiums, but shall not be entitled to participate in future profits. However, the vested Simple Reversionary Bonuses shall remain attached to the reduced paid-up policy.  Notwithstanding the benefits available under a fully inforce policy, in the case of a reduced paid up policy, no survival benefits shall be payable and the paid-up value along with the vested Simple Reversionary Bonuses, if any, shall be payable only in lump-sum on the expiry of policy term or death of life assured, if earlier.  Rider(s) shall not acquire any paid-up value and the rider benefits cease to apply, if policy is in lapsed condition.
  • 16. Surrender Value The policy can surrendered for cash provided atleast three full years’ premiums have been paid. The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for less any survival benefits already paid. This percentage will depend on the policy year in which the policy is surrendered. In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to vested bonuses multiplied by the surrender value factor applicable to vested bonuses. These factors will depend on the policy year in which the policy is surrendered.
  • 17. Loan Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the Corporation may specify from time to time.
  • 18. Cooling-off Period If the Policyholder is not satisfied with the “Terms and Conditions”, policy may be returned to us within 15 days from the date of receipt of the policy bond stating the reasons of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting proportionate risk premium (for basic plan and rider(s), if any) for the period on cover, expenses incurred on medical examination, special reports, if any and stamp duty charges.
  • 19. Claims Settlement Report of all Life Insurance Companies in India (IRDA Annual Report 2012-13)
  • 20. Get More FREE Insurance Advice