LIC New Money Back Plan 720 (20 Years)

LIC's New Money Back (Plan 720) Calculator - (20 Years)

Plan No. 720 (UIN: 512N280V03)

Age (Years) Min: 13, Max: 50

Basic Sum Assured (₹) Min: 2,00,000 | Multiples of 25,000

Policy Term (Years) Fixed

Premium Paying Term (Years) Fixed

Optional Riders

Accidental Death & Disability Benefit Rider (UIN: 512B209V02) Adds cover for accidental death/disability.

Note: Premiums are approximate. Bonuses are illustrative (non-guaranteed). GST is applied as per current rates (4.5% 1st yr, 2.25% thereafter) and may change.

Premium Options

Select a payment mode to see detailed summary below.

Yearly

₹ ---

Half-Yearly

₹ ---

Quarterly

₹ ---

Monthly (NACH)

₹ ---

GST: 4.5% in 1st year, 2.25% from 2nd year onwards on Base Premium + Rider Premium.

Premium Summary (--- Mode)

Age:	--- Years
Basic Sum Assured (BSA):	₹ ---
Policy Term:	20 Years
Premium Paying Term (PPT):	15 Years
Annualized Base Premium (Est.):	₹ ---
AD&DB Rider Premium (Annual, Est.):	₹ ---
1st Year Premium (Incl. GST & Rider):	₹ ---
2nd Year Onwards Premium (Incl. GST & Rider):	₹ ---
Total Approx. Premium Paid over 15 Yrs:	₹ ---

Benefit Summary

Survival Benefits (Guaranteed)

Provided all due premiums are paid, you receive:

End of 5th Year: ₹ ---
End of 10th Year: ₹ ---
End of 15th Year: ₹ ---

Total Survival Benefits Paid: ₹ ---

Maturity Benefits (End of 20 Years - Estimated)

Assuming 4% p.a. return (Non-Guaranteed)

BSA (40%)	₹ ---
Bonus (SRB)	₹ ---
FAB	₹ ---
Total	₹ ---

Assuming 8% p.a. return (Non-Guaranteed)

BSA (40%)	₹ ---
Bonus (SRB)	₹ ---
FAB	₹ ---
Total	₹ ---

Note: Maturity value includes 40% of Basic Sum Assured (Guaranteed) + Vested Simple Reversionary Bonuses (SRB) + Final Additional Bonus (FAB), if any. SRB and FAB are non-guaranteed and depend on LIC's future experience.

Death Benefit Illustration (Estimated)

If death occurs during the policy term (e.g., end of 10th year), the benefit payable is "Sum Assured on Death" + Vested Bonuses + FAB (if applicable). "Sum Assured on Death" is higher of 125% BSA or 7 times Annualized Premium, subject to 105% of total premiums paid.

Death @ Year 10 (Assuming 4% return)

SA on Death	₹ ---
Bonus (SRB)	₹ ---
FAB	₹ ---
Total	₹ ---

Death @ Year 10 (Assuming 8% return)

SA on Death	₹ ---
Bonus (SRB)	₹ ---
FAB	₹ ---
Total	₹ ---

Includes applicable Accidental Death Benefit if AD&DB rider is opted for and death is due to accident.

Year-wise Detailed Illustration

Scenario: @4% @8%

▼

End of Year	Premium Paid (₹)	Survival Benefit Paid (₹)	Est. Accrued Bonus (₹)	Guaranteed SV (Est. ₹)	Special SV (Est. ₹)	Loan Available (Approx. ₹)	Est. Death Benefit (Incl. Bonus) (₹)

Disclaimers: Premium includes GST & Rider (if any) for the selected mode. Accrued Bonus, SV, Loan, and Death Benefit are estimates based on the selected illustrative non-guaranteed investment return rate (4% or 8%). Guaranteed SV (GSV) and Special SV (SSV) calculations are based on factors from the brochure/standard practice and are illustrative. Loan amount is approx. 75% (after 2 years) or 50% (after 1 year) of the estimated Surrender Value (higher of GSV/SSV). Actual values may vary. Death benefit shown excludes Accidental rider benefit.

Money Back Plans Calculator

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LIC's New Money Back (Plan 720) Calculator - (20 Years)

Premium Options

Yearly

Half-Yearly

Quarterly

Monthly (NACH)

Premium Summary (--- Mode)

Benefit Summary

Survival Benefits (Guaranteed)

Maturity Benefits (End of 20 Years - Estimated)

Assuming 4% p.a. return (Non-Guaranteed)

Assuming 8% p.a. return (Non-Guaranteed)

Death Benefit Illustration (Estimated)

Death @ Year 10 (Assuming 4% return)

Death @ Year 10 (Assuming 8% return)

Year-wise Detailed Illustration

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