LIC Money Back Plan 720 Calculator
LIC Money Back (Plan 720) Calculator- 20 year plan
Get your exact premium, survival payouts at Years 5/10/15, maturity benefit & IRR — instantly. UIN: 512N280V02
Survival benefits (20% × 3 = 60% of BSA already received at Yrs 5/10/15) are NOT included above. Bonus is estimated — actual rates declared annually by LIC.
Min. guaranteed death benefit = 105% of total premiums paid (excl. taxes). Bonus shown above is a full 20-year estimate. Actual death year benefit shown in year-wise table below.
| Year | Age | Annual Premium | Cumul. Premium | Survival Benefit | Death Benefit | Maturity Value |
|---|
★ Green highlighted row = Maturity year (Year 20). Survival benefits shown at Years 5, 10 & 15. Premium column is blank after Year 15 (PPT ends). All amounts in ₹ incl. GST on premiums.
LIC Money Back Plan 720 Calculator-Complete Guide
If you are planning to buy LIC’s New Money Back (Plan 720) – for 20 Years, one of the first questions you may ask is: How much premium will I pay, and what benefits will I receive? This LIC Money Back Plan 720 Calculator helps answer that question quickly.
Instead of manually calculating premiums, survival benefits, maturity value, and bonus projections, the calculator provides estimates based on your age and sum assured. It is a useful planning tool for understanding the policy before making a long-term commitment.
LIC Money Back Plan 720 Premium Calculator
The premium calculator estimates your budget how much need to pay based on:
- Age of the life assured
- Basic Sum Assured
- Premium payment mode
- Optional riders selected
The plan has a 20-year policy term and a 15-year premium paying term. Premiums are paid for the first 15 years while benefits continue for the full 20-year term.
Premium Calculation Results
LIC money back 20 years calculator shows you following below premium information:
- Year 1 Installment
- Year 2+ Installment
- Total Premium 15 years
- Total Survival benefits
- Maturity benefits 20 years
- Estimated IRR
Before buying, compare the premium outgo with the expected benefits.
LIC Money Back Policy 20 Years Maturity Calculator
The maturity calculator estimates the amount payable at the end of the policy term if the life assured survives the full 20 years. The maturity benefit consists of:-
- 40% of the Basic Sum Assured
- Vested Simple Reversionary Bonus
- Final Additional Bonus, if declared
Since bonuses are not guaranteed, maturity values shown by calculators are only estimates.
Maturity Calculation Results
The calculator can estimate:
- Guaranteed maturity benefit
- Projected bonus value
- Total maturity proceeds
- Overall policy benefits
What Is LIC Money Back 20 Years Calculator?
A LIC Money Back plan 720 Calculator is an online tool designed to estimate benefits under LIC’s New Money Back Plan – 20 Years. It helps calculate:- Premium payable, Survival benefits, Maturity value, Death benefit, Bonus projections and Surrender value etc. This allows you to review projected benefits before purchasing the policy.
LIC New Money Back 20 Years Plan Overview
LIC’s New Money Back Plan – 20 Years is a participating life insurance savings plan that provides periodic money-back benefits along with life insurance protection.
Plan Details
| Feature | Details |
| Policy Name | LIC New Money Back 20 Years (plan 720) |
| Policy Number | 720 |
| Policy Term | 20 Years |
| Premium Paying Term | 15 Years |
| Minimum Entry Age | 13 Years |
| Maximum Entry Age | 50 Years |
| Minimum Sum Assured | ₹1,00,000 |
| Maximum Maturity Age | 70 Years |
| Bonus Eligibility | Yes |
| Loan Facility | Available as per policy conditions |
Key Features
- 20-year policy term
- 15-year premium paying term
- Money-back benefits during the term
- Maturity benefit at policy completion
- Death benefit protection
- Participation in bonuses
- Loan facility
- Optional riders
How LIC Money Back 20 Years Calculator Works
The calculator uses the information entered by the user and applies the plan rules to generate estimated results.
Required Inputs:-
1. Age of Life Assured
Age affects premium rates. Younger applicants generally pay lower premiums.
2. Basic Sum Assured
The sum assured forms the basis for survival benefits, maturity benefits, and death benefits.
3. Premium Payment Mode
Premiums can be paid yearly, half-yearly, quarterly, or monthly. Thats it, calculator will do the rest.
LIC New Money Back 20 Years Money Back Schedule
One of the main attractions of this plan is its periodic payout structure.
5th Year Survival Benefit
20% of the Basic Sum Assured is payable at the end of the 5th policy year.
10th Year Survival Benefit
Another 20% of the Basic Sum Assured is payable at the end of the 10th policy year.
15th Year Survival Benefit
A further 20% of the Basic Sum Assured is payable at the end of the 15th policy year.
Maturity Benefit at Policy End
At maturity, the policy pays you: 40% of Basic Sum Assured, Vested Bonuses and Final Additional Bonus, if declared. The entire Basic Sum Assured is distributed through survival and maturity benefits, while bonuses increase the overall payout.
LIC New Money Back 20 Years Benefits
1. Survival Benefit
The plan provides periodic payouts during the policy term without ending the policy.
2. Maturity Benefit
On survival until maturity, the policyholder receives the maturity benefit along with eligible bonuses.
3. Death Benefit
If the life assured dies during the policy term, the death benefit includes the Sum Assured on Death along with vested bonuses and Final Additional Bonus, if applicable.
4. Bonus Benefits
The policy participates in LIC’s profits through:- Simple Reversionary Bonus and final Additional Bonus. Bonuses depend on LIC’s future declarations and are not guaranteed.
5. Loan Facility
Policy loans may be available after meeting the required conditions. The loan amount depends on the policy’s surrender value.
LIC New Money Back 20 Years Benefit Illustration
Example for ₹10 Lakh Sum Assured
- 5th Year Benefit: ₹2,00,000
- 10th Year Benefit: ₹2,00,000
- 15th Year Benefit: ₹2,00,000
- Total Survival Benefits: ₹6,00,000
- Maturity Benefit: ₹4,00,000
- Plus Bonuses, if declared
Example for ₹20 Lakh Sum Assured
- 5th Year Benefit: ₹4,00,000
- 10th Year Benefit: ₹4,00,000
- 15th Year Benefit: ₹4,00,000
- Total Survival Benefits: ₹12,00,000
- Maturity Benefit: ₹8,00,000
- Plus Bonuses, if declared
LIC New Money Back 20 Years Surrender Value Calculator
The surrender value calculator estimates the amount payable if the policy is surrendered before maturity.
1. Guaranteed Surrender Value
The guaranteed surrender value depends on premiums paid, policy duration completed, and applicable surrender value factors.
2. Special Surrender Value
The special surrender value may be higher than the guaranteed surrender value depending on policy conditions and accumulated benefits.
Before surrendering a policy, compare surrender value with paid-up value and future benefits.
LIC New Money Back 20 Years Tax Benefits
1. Section 80C Benefits
Eligible premiums may qualify for tax deductions under Section 80C, subject to prevailing tax laws.
2. Section 10(10D) Benefits
Eligible policy benefits, including maturity and death benefits, may qualify for tax advantages under Section 10(10D), subject to applicable rules.
Advantages and Disadvantages of LIC New Money Back 20 Years Plan
Key Advantages
- Periodic money-back benefits
- Life insurance protection
- Bonus participation
- Loan facility
- Limited premium paying term
- Tax benefits
Key Disadvantages
- Returns may be lower than market-linked investments
- Long policy commitment
- Bonuses are not guaranteed
- Inflation may affect long-term purchasing power
FAQs–
What is LIC New Money Back 20 Years Plan?
It is a participating Lic’s life insurance savings plan that combines insurance protection with periodic money-back benefits.
How Does the LIC Money Back 20 Years Calculator Work?
The calculator estimates premiums, maturity value, survival benefits, and other policy benefits using policy details entered by the user.
What Are the Money Back Benefits Under This Plan?
The plan pays 20% of the Basic Sum Assured at the end of the 5th, 10th, and 15th policy years.
What Is the Maturity Benefit?
The maturity benefit consists of 40% of the Basic Sum Assured along with eligible bonuses.
Can I Take a Loan Against This Policy?
Yes, subject to policy conditions and loan eligibility requirements.
What Is the Surrender Value?
It is the amount payable if the policy is voluntarily surrendered before maturity after meeting eligibility requirements.
What Tax Benefits Are Available?
Eligible tax benefits may be available under Sections 80C and 10(10D), subject to prevailing tax rules.
My Final Verdict & Point of view
LIC Money Back Plan 720 Calculator is a online tool that help you to estimate premiums, survival benefits, maturity value, surrender value, and policy benefits before purchasing the plan.
The LIC New Money Back Plan – 20 Years is suitable for individuals seeking insurance protection, periodic payouts, bonus participation, and long-term savings. Using the calculator can help compare different sum assured options and understand the policy’s potential benefits before making a decision.
Start calculating now and get LIC Money Back plan 720 Calculator-estimate premiums, survival benefits, maturity value, surrender value, and policy benefits. For further knowledge and infomation you can visit LIC’s Offical Website. Thank You!
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Mohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily.