LIC Money Back Plans – 20yr vs 25yr
LIC offers two popular money back plans: Plan 920 (20-year) and Plan 921 (25-year). Both provide periodic cash payouts while maintaining life cover. But which is better for your needs?
Plan 920 – New Money Back 20yr
- Survival Benefits: 20% of SA at 5, 10, 15 years
- Maturity: 40% SA + full bonus
- Total Cash: 100% SA + bonus (over 20 years)
- Age: 13 to 50 years
- Bonus: ₹35/1000 SA/yr
Plan 921 – New Money Back 25yr
- Survival Benefits: 15% of SA at 5, 10, 15, 20 years
- Maturity: 40% SA + full bonus
- Total Cash: 100% SA + bonus (over 25 years)
- Age: 13 to 45 years
- Bonus: ₹38/1000 SA/yr (higher!)
Cash Flow Comparison (₹10L SA)
| Year | Plan 920 | Plan 921 |
|---|---|---|
| Year 5 | ₹2,00,000 | ₹1,50,000 |
| Year 10 | ₹2,00,000 | ₹1,50,000 |
| Year 15 | ₹2,00,000 | ₹1,50,000 |
| Year 20 | ₹4L + bonus | ₹1,50,000 |
| Year 25 | — | ₹4L + bonus |
Verdict
If you need cash sooner with higher per-installment amount: Plan 920. If you want higher bonus rate and more cash flow spread over longer period: Plan 921. Both are excellent for meeting periodic financial goals.
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