LIC Money Back Policies give you regular cash returns while keeping your family protected. A calculator helps you see exactly what you’ll get back over time.

What Are LIC Money Back Policies?

These are plans from Life Insurance Corporation of India where you pay premiums, get some money back at set intervals, and get a big payout at the end if you survive. They’re great for goals like kids’ education or marriage because you see returns along the way, not just at maturity.

Unlike pure endowment plans, money-back ones pay survival benefits every few years, say 20% of the sum assured. Plus, there’s life cover if something happens to you. All current plans are listed on LIC’s site: 748, 720, 721, 732, and 734.

Why Use a Money Back Policy Calculator?

A calculator shows your premiums, money-back amounts, bonuses, and total maturity in seconds. Enter age, sum assured, and term, and it crunches numbers based on LIC rates. This helps compare plans or see if it fits your budget.

the 10thFor example, sites like liccalculator.info have tools for Plan 720. The official LIC site also has premium calculators under “How Much You Need.” Always use updated ones since bonuses change yearly.

Current LIC Money Back Plans Overview

LIC has five active money-back plans as of January 2026. No major withdrawals noted recently; older versions like the original 20-year plan got updated. Here’s a quick look before details.

Plan No.	Name	Term	Money-Back Style	Target User
748	LIC’s Bima Shree	14-20 years	30% at intervals	High sum assured, HNIs
720	New Money Back 20 Years	20 years fixed	20% every 5 years	General savings
721	New Money Back 25 Years	25 years fixed	15% every 5 years	Longer goals
732	New Children’s Money Back	25 – entry age	At child ages 18, 20, and 22	Parents for kids (launched Dec 31, 2024) ​
734	Jeevan Tarun	25 – entry age	5-15% at child ages	Child plans ​

LIC’s Bima Shree (Plan 748)

Launched around 2020, this is for bigger investments. The policy term is 14 to 20 years; the premium paying term is the same or limited. Survival benefits: for a 20-year term, 30% SA at the end of 10th and 12th years? Wait, the table shows for 14 yr: 30% at 10th, 30% at 12th, and maturity 40% bonuses.

Death benefit: Basic SA vested bonuses final additional bonus (FAB). Minimum SA Rs 2 lakh. Loan after 2 years, surrender after 2 full premiums. Great for HNIs with guaranteed additions for the first 5 years.

Example: Rs 15 lakh SA, 20-year term, two money backs of Rs 4.5 lakh each, maturity ~Rs 10.55 lakh + LA.

LIC’s New Money Back Plan 20 Years (720)

Introduced post-2014 updates, fixed 20-year term, pay premium 15 years. Survival: 20% SA at the end of the 5th, 10th, and 15th policy years. Maturity: 40% SA simple reversionary bonuses (SRB) FAB.

Death: The higher of 125% of total premiums, 10x annual premium, or 7x? Sources say 125% SA or 10x AP, with a minimum of 105% of premiums paid. Age entry 13-55? Check eligibility.

Use a calculator: For a 30-year-old, for Rs 5 lakh SA, maturity is ~Rs 6.1 lakh excl. money back (total premium is ~Rs 5.76 lakh). Tax-free under 80C/10.

LIC’s New Money Back Plan 25 Years (721)

Similar to 720 but with a 25-year term and premium pay for 20 years? Survival 15% SA every 5 years from 5th to 20th? Actually, 20%? No, sources say 15% every 5 years. Maturity: 40% + bonuses.

Death is the same as 720: 125% SA, etc. Good for midterm goals. Example: Rs 5 lakh? Maturity is ~8.62 lakh excl. MB, premium ~5.88 lakh.

Modal discounts for yearly pay. Optional riders like accident benefits.

LIC’s New Children’s Money Back Plan (732)

New launch: Dec 31, 2024. For kids 0-12 years, term 25 is the entry age. Money back when the child turns 18 (10% SA?), 20 (10%?), or 22 (20%?). Maturity at 25: 40% + bonuses + FAB.

Death of proposer (parent): Future premiums waived? The nominee gets SA on death. Risk starts at age 2 or 8 for minors. SA min Rs 1 lakh. Perfect for education milestones.

Example: Rs 10 lakh SA, maturity Rs 4 lakh + bonuses.

LIC’s Jeevan Tarun (Plan 734)

Child plan, entry 0 days to 12 years, term 25 entry age. Money back options: at child ages 20, 22, and 24 (5%, 10%, and 15% SA?). Maturity fixed % of SA + bonuses.

6 options for deferring MB. Death benefit is the higher of SA or 10x AP. Premium waiver if the proposer dies. Recent circular Nov 2024. Good for the child’s future.

How to Use LIC Money Back Policy Calculator

Step 1: Visit licindia.in and go to Calculators > Premium Calculator.

Step 2: Pick a plan like 720, enter age, gender, SA (min 1-2 lakh), and term.

Step 3: See yearly/monthly premium, money-back schedule, and maturity estimate with assumed bonuses (say Rs 40-50 per 1000 SA).

Step 4: Adjust for riders. Download the illustration PDF.

Third-party websites like liccalculator.info show tables with assumed bonuses. Remember, bonuses are not guaranteed.

Benefits and Features Across Plans

• Periodic Income: Get cash without surrendering policy.
• Life Cover: 125% SA min on death.
• Bonuses: SRB yearly if profits, FAB at the end.
• Flexibility: Loan surrender after 2-3 years; paid-up option.
• Tax Savings: 80C deduction, 10(10D) tax-free maturity/death.
• Riders: Accident, critical illness add-ons.

Rebates for high SA or yearly pay. Grace period: 30 days; free look: 15-30.

Eligibility and Premium Examples

Age: Varies, 13-50 mostly. SA multiples of 10k.

Premium depends on age/SA. Use the calculator, but for approx. 30 years, Rs 5 lakh SA Plan 720 is ~Rs 28-30k yearly.

Sample Maturity Table for Plan 720 (Rs 5 Lakh SA, Age 30)

Year	Event	Amount (excl bonuses)
5	Money Back	Rs 1,00,000
10	Money Back	Rs 1,00,000
15	Money Back	Rs 1,00,000
20	Maturity	Rs 2,00,000 + bonuses ~Rs 4.1 lakh total

Bonuses are assumed; actual bonuses vary.

Frequently Asked Questions

Conclusion

LIC Money Back Policies blend savings with security, ideal for Indian families planning ahead. Pick a plan matching your term, and use the calculator to confirm numbers before buying from LIC at licindia Start small, and stay consistent for best results.