LIC New Money Back Plan 20 Years (Plan 920) - Complete Guide 2026
LIC Money Back Plan 920 pays 20% of SA every 5 years with survival benefits, final maturity payout and bonus. Best for milestone-based financial planning.
LIC New Money Back Plan 20 Years (Plan 920) is ideal if you want money at regular intervals - not just at the end. You get 20% of your sum assured at the 5th, 10th, and 15th year, then 40% plus full bonus at maturity.
**Survival benefit schedule:** - End of year 5: 20% of SA - End of year 10: 20% of SA - End of year 15: 20% of SA - Maturity (year 20): 40% of SA + full vested bonus + FAB
**Example - SA ₹5,00,000:** - Year 5: ₹1,00,000 - Year 10: ₹1,00,000 - Year 15: ₹1,00,000 - Maturity: ₹2,00,000 + ₹4,20,000 (bonus est.) = ₹6,20,000+ - Total received: ₹9,20,000+
**Death benefit:** Full SA + bonuses at any point during the term - not the reduced survival amounts.
**Best for:** - Funding children's school milestones (year 5, 10, 15) - Paying for higher education (year 15 payout) - Business owners needing periodic liquidity
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Ajay Kumar Poddar
Ajay Kumar Poddar is a veteran financial advisor with over 31 years of experience, a premier MDRT member, and a recipient of the LIC Chairman's Club award. He helps Gorakhpur families secure their future with absolute transparency and trust.
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