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New Money Back Plan (820) Maturity Calculator

New Money Back 20 years Plan provides three Money Backs equals to 20% of Sum Assured on completion of 5th, 10th & 15th year of the policy and on the completion of policy term (20 years), 40% of Sum Assured + Bonus + FAB is also provided as maturity amount. Please provide following details to calculate Money Backs, Maturity and year-wise risk covers details for your plan.

Try: Modified LIC New Money Back 20 Years Plan (920) Maturity Calculator

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NEW MONEY BACK 20 Years PLAN (820)

Following Table provides three Money Back Details (at 5th, 10th and 15th policy year) and Maturity on the completion 20 years.

YearAgeDetailsMoney Back & Maturity
2022341st Money Back (After 5 Years)20000
2027392nd Money Back (After 10 Years)20000
2032443rd Money Back (After 15 Years)20000
203749Maturity (After 20 Years)116900
Total Return176900
DEATH CLAIM DETAILS

In case of death during policy term (Before 20 years), 125% of Sum Assured + Bonus acrued till the time of death + Final Additional Bonus (if any) will be paid to nominee as Normal death claim. In case of accidental death (if Accidental Rider is opted for), additional amount equal to Sum Assured along with Normal Death claim will also be paid to nominee. Policy year-wise and Age-wise Normal Life Covers and Accidental Life Covers are illustrated in the following table.

Year Age Normal Life Cover (Approx) Accidental Life Cover (Approx) Return (Approx)
2018 30 128900 228900 --
2019 31 132800 232800 --
2020 32 136700 236700 --
2021 33 140300 240300 --
2022 34 143900 243900 20000
2023 35 147500 247500 --
2024 36 151100 251100 --
2025 37 154700 254700 --
2026 38 158300 258300 --
2027 39 161900 261900 20000
2028 40 165500 265500 --
2029 41 169100 269100 --
2030 42 172700 272700 --
2031 43 176300 276300 --
2032 44 181900 281900 20000
2033 45 185500 285500 --
2034 46 189100 289100 --
2035 47 192700 292700 --
2036 48 196300 296300 --
2037 49 Maturity 116900

Comments & Reviews (28)

Wrote :

10-07-2020 04:15:25

I have bought a money back policy in 2000 of 50000 and my installment was rs. 1552 half yearly what is my maturity amount pls. Tell.

Wrote :

10-07-2020 07:24:47

Your can use following maturity calculator to calculate benefits yourself. Please try.

https://www.investobite.com/maturity-calculator/lic-money-back-policy-20-years-plan-75.html

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Wrote :

08-07-2020 19:29:17

Dear sir/ Madam,
I purchased New Money Back Plan (820) for 20 year in 2015. My First Money Back (After 5 Years) will come in 2020. At end of the 4th Money back Sum assured + Bonus + Additional Bonus is the Maturity Amount? or Maturity + Sum Assured+ Bonus will come. Just clarify.

Wrote :

10-07-2020 07:20:01

In 20 years money-back plan, you have following benefit.
1. 20% of Basic Sum Assured (First Money Back) at the end of 5th Policy year.
2. 20% of Basic Sum Assured (Second Money Back) at the end of 10th Policy year.
3. 20% of Basic Sum Assured (Third Money Back) at the end of 15th Policy year.
4. 40% of Basic Sum Assured + Simple reversionary bonus (Bonus) + Final Additional Bonus (FAB) (maturity) at the end of 20 th Policy year.

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Wrote :

08-07-2020 07:10:12

I have taken policy on August 2015 . Now I am completing 5 years . My policy number is 3616xxxxx. Kindly check when am I getting the 1st money back , and if I have given the NEFT mandate ? If no, then how to give it ,in this COVID-19 situation?

Wrote :

10-07-2020 07:12:26

NEFT mandate can be submitted online on LIC's official website (https://licindia.in/). Please register at customer portal, after that you can check status of money back too.

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Wrote :

05-07-2020 14:55:46

sir, i have 20 years money back policy was started at june 2015. Now 5 years completed. How can i get the Survival benefits claim.& what documents required .

Wrote :

05-07-2020 23:10:12

You need to complete NEFT mandate, which means you register your bank account along with ID proof with LIC, please visit your branch to complete it. For money back, you don't need to do anything it will automatically get credited when it is due.

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Wrote :

23-05-2020 00:42:09

LIC money back policy 820 is still available for buy in 2020??

Wrote :

28-05-2020 22:12:28

Yes, it has been modified and available, please follow link below.
New Money Back 20 Years Plan (920)

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Wrote :

10-05-2020 22:10:33

What will be the monthly premium for New money back plan (820) for sum assured 5 lacs.

Wrote :

10-05-2020 23:45:35

Age is also required to calculate premium, you try to calculate premium yourself using following calculator.
LIC New Money Back 20 Years Plan (920) Premium Calculator

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Wrote :

23-04-2020 15:05:29

Hi I am completing fifth year of money back policy on april 27th 2020, when will i get the amount which i am supposed to get post five years.

Wrote :

23-04-2020 18:15:59

You should get on policy anniversary, you should get it automatically if you have submitted NEFT mandate already. If you haven?t, then ask your agent or contact your branch. Please avoid going out because of COVID-19.

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Wrote :

06-04-2020 11:07:14

Hi team, Is it possible to create interface where it shows both premium and maturity calculator.

Wrote :

10-04-2020 14:05:56

We will do it and let you know, please check after sometime.

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Wrote :

18-03-2020 17:43:18

"In case of death during policy term, 125% of Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee" is this amount will i receive if i will alive at the time of maturity.

Wrote :

18-03-2020 23:33:07

It is death cover amount which is paid to NOMINEE in case of death of the policyholder. In case of survival of the policyholder, he will get Sum Assured + Bonus +FAB.

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Wrote :

21-01-2019 13:16:01

Hi, I successfully completed 5 years on 12/01/2019 when I can expect to receive First Money Back (After 5 Years) bonus.

Wrote :

22-01-2019 09:00:30

Yes, it will be available, please visit your branch to complete NEFT mandate (submission of policy number, bank details, pan card, id proof etc) to get your moneyback credited in to your account automatically.

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Wrote :

29-12-2018 19:28:25

Please add calculator for New beema gold plan 179&jewansaral policy 165

Wrote :

30-12-2018 19:51:42

For Jeevan Saral, Click Here

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Wrote :

27-12-2018 20:10:49

I have new money back plan dec 2015 how many time Frist back money plan and year

Wrote :

28-12-2018 00:25:37

First money back will be after 5 years (2020).

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Wrote :

17-12-2018 20:14:10

Hi, Could you please add calculator for "The Money Back Policy - 20 Years (Plan-75)" and "New Bima Gold (Plan-179)", Thanks in advance

Wrote :

18-12-2018 13:22:02

We will try to add calculator for New Bima Gold (179) shortly. For The Money Back Policy - 20 Years (Plan-75), Click Here.

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Wrote :

10-11-2018 13:50:48

My mother starts lic money back policy at 1998 for 20 year . 2018 dec is the maturity year , she got 1 and 2 money back benefit but didn't get 3rd instalment. My question is how can I get 3rd instalment and maturity amount . How can I calculate plz help me

Wrote :

14-11-2018 09:47:59

Please visit your branch. It seems that earlier it was paid through cheque mode and now it is being paid though policyholder's bank account directly and for that you need to complete NEFT mandate (submitting policy details along with cancelled cheque, ID proof etc). Since maturity is due in December-2018, you should claim maturity by visiting your branch.

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Wrote :

31-07-2018 18:57:26

Sir, I purchased New Money Back Plan (820) for 20 year in 2015. My First Money Back (After 5 Years) will come in 2020. I want this amount in my account direct from LIC to my account. This is possible to transfer direct my account. i don't want cheque process. Please suggest.

Wrote :

31-07-2018 22:06:33

Yes, it can be done easily, you just have to submit NEFT mandate along with your bank details (only once). All future due payments (money backs and maturity) will be credited automatically in to your account.

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Wrote :

25-12-2017 18:33:38

Sir I completed new money back 820 policy 3 years amount 250000.I want to take jeevan labh policy. I want to surrender my new money back 820 policy. My income is low so want to surrender it. How much I get surrender amount

Wrote :

25-12-2017 21:46:09

In case of surrender, you will get approximately 35-40% of total paid premium. If you have paid premium for 3 years, then you can stop paying premium for this plan and take new plan. It is not suggested to surrender this policy and take new one.

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Wrote :

11-07-2017 19:18:21

I hve strted money back policy, can u tell me how much time it will take to start this policy ..bcz yet i dont get my policy number ..

Wrote :

11-07-2017 21:32:23

Normally it takes 1 or 2 days.

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Wrote :

06-07-2017 11:29:09

Sir, We put policy money back policy old scheme with 20 year for my father when 49 age how much amount we will get after 20 years please clarify

Wrote :

06-07-2017 11:42:35

Please use maturity calculator to calculate approx maturity.

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Wrote :

26-05-2017 16:23:39

Excellent Portal for survival calculations

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Wrote :

02-05-2017 18:27:31

Sir I have money back policy started from 15/11/1997 for 50000 sum assured and I got rs10000 on every 5 years how much amount can I get on maturity

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Wrote :

21-04-2017 12:48:54

Hi Sir/Madam, Policy name "lic money back policy with profit with dab". may I know... how much amount will be refund to me after 5 years?

Wrote :

21-04-2017 23:58:36

Maturity calculator for this plan is already available, please use it.

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Wrote :

17-04-2017 19:53:23

I have 20 years money back policy in the year 2016 What is my last premium date ..

Wrote :

17-04-2017 20:02:43

You have to pay premium for 15 years, so your last premium will be due in 2031.

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Wrote :

30-03-2017 16:25:18

Your 5 years calculator is wrong. My Year of Purchase is 2014 and First Money Back (After 5 Years) is showing 2018. it should be 2019 right?

Wrote :

30-03-2017 17:19:10

Thanks for your scrutiny, we have corrected it.

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Wrote :

18-03-2017 20:14:30

Hello Greetings, Sir, I took a 20 years plan and my sum assured is 2 lakhs can you pls let me know what will be my premium amount half yearly actully i already paid my two premium but the problem is both the time i asked to pay different amount. Pls let me know Thanks

Wrote :

18-03-2017 21:39:43

When did you bought this plan and what was your age at the time of purchase? It will better to register your policy with LIC and know the premium and other details.

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Wrote :

05-03-2017 19:11:26

Sir I have a 20 yr money back policy and my premium amount is 6426/6month,kindly what amount I will get after 20 year I mean maturity amount .

Wrote :

05-03-2017 20:25:30

Please find your sum assured on your receipt or policy document and use above calculator.

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Wrote :

09-02-2017 15:51:40

hi, sir/madam, i have been shortley opend new lic (new money back policy)20 years. my policy no is(896014181). i paid it amount by cheque. but i never got my LIC FIRST PAYMENT RECEIPT

Wrote :

09-02-2017 16:10:48

You can contact your branch or agent for the same.

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Wrote :

12-10-2016 12:58:24

Hi, If i'm taking a sum assured of 1000000 INR "In case of death during policy term, 125% of Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee." Is this mean 1250000+2000(Assuming)+ 1289000. Please clarify. Thanks in Advance.

Wrote :

12-10-2016 13:42:51

Yes, but the bonus is accumulated bonus, which means it will be increasing as the policy term progresses. You may use above calculator for year-wise approx accumulated bonus.

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Wrote :

27-03-2016 14:10:28

I had taken new endowment plan for 20 years. Sum assured is 210000. Half yearly payment of 5422. What will be my exact maturity amount..?

Wrote :

27-03-2016 20:04:41

Exact maturity can only be calculated at the time of maturity only. pls maturity calculator for this plan for approx amount.

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