money back
LIC's New Money Back Plan - 20 Years
Plan 720UIN 512N280V03
LIC's New Money Back Plan - 20 Years is a current money back product listed on the official LIC India product index.
- Plan type: money back
- Plan number: 720
money back
LIC's Bima Shree
Plan 748UIN 512N316V03
LIC's Bima Shree is a current money back product listed on the official LIC India product index.
At a glance
Key highlights
Plan type
money back
Plan number
748
Who should consider this plan?
periodic income, long term savings
Eligibility and policy information
| minimum Entry Age | 8 years (completed) |
|---|---|
| maximum Entry Age | 55 years (nearer birthday) |
| policy Term | 14, 16, 18, 20, 24 and 28 |
| premium Paying Term | (Policy term – 4) years |
| Premium modes | Yearly, Half-Yearly, Quarterly, Monthly, Single Premium |
| Loan available | Yes |
| Surrender available | No |
Benefits and riders
Death benefit
On death during first five years: Death Benefit defined as sum of “Sum Assured on Death” and accrued Guaranteed Addition shall be payable. On death after completion of five policy years but before the date of maturity: Death Benefit defined as sum of “Sum Assured on Death” and accrued Guaranteed Addition and Loyalty Addition, if any, shall be payable. Where “Sum Assured on Death” is defined as the higher of 125% of Basic Sum Assured or 7 times of annualised premium. This death benefit shall not be less than 105% of total premiums paid upto the date of death. Where, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums. 3 ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra
Maturity benefit
On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with accrued Guaranteed Additions and Loyalty Addition, if any, shall be payable. Where “Sum Assured on Maturity” is as under: 40% of Basic Sum Assured for policy term 14 years 30% of Basic Sum Assured for policy term 16 years 20% of Basic Sum assured for policy term 18 years 10% of Basic Sum assured for policy term 20, 24 and 28 years
Survival benefit
s at specified duration during the policy term. • Option to enhance coverage by opting for Rider Benefits on payment of additional premium for the rider benefits. • Benefit of attractive High Sum Assured Rebate. • Takes care of liquidity needs through loan facility.
Official documents
Product source on the Official LIC Website (opens in a new tab)
Important disclaimer
Please refer to the official LIC brochure and policy document for complete terms, conditions, exclusions and current availability.
Last verified: 2026-08-01
Personal assistance
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