Plan 920/921 Engine 2026

LIC New Money Back Plan (Plan 920 & 921) Calculator

Model LIC's core money-back plans. Calculate premiums and periodic survival benefits paid every 5 years, along with terminal maturity bonuses.

Plan 920 (20 Years Term): PPT is 15 years, money-back paid every 5 years

Plan 921 (25 Years Term): PPT is 20 years, money-back paid every 5 years

Survival Benefit: 20% of Sum Assured paid at intervals

Participating Plan: Accrues reversionary and final additional bonuses

Tax deductions u/s 80C and tax-free payouts u/s 10(10D)

LIC New Money Back Plan Inputs

LIC New Money Back Plan (Plan 920/921) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹3,00,000

2. Age of Proposer/Insured (Years)30 Years Old

3. Policy Coverage Term (Years)20 Years

Premium Payment Frequency

Plan 920/921

Estimated Maturity Returns

₹3,87,000

Estimated returns payout at policy maturity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

$First Year Premium:₹690

Renewal Premium (Year 2+):₹675

Total Estimated Premiums Paid:₹13,515

Basic Sum Assured:₹3,00,000

Accumulated Endowment Bonuses:₹2,52,000

Total Survival Money-Back Payouts:₹1,80,000

Estimated Net Maturity Benefit:₹3,87,000

Returns Performance41.95x Return

Guide to LIC New Money Back Plans (Plan 920 & 921)

LIC's New Money Back Plans are participating, non-linked endowment plans that provide periodic survival cashbacks. **Plan 920** has a policy term of 20 years with a premium payment term of 15 years. **Plan 921** has a policy term of 25 years with a premium payment term of 20 years. Both plans declare annual reversionary bonuses and final additional bonuses, paid out at maturity.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	13 Years (Completed)
Maximum Entry Age	45 Years (Plan 921) / 50 Years (Plan 920)
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	No Limit (in multiples of ₹5,000)
Survival Benefits (Plan 920)	20% of SA paid at the end of 5, 10, and 15 years
Survival Benefits (Plan 921)	20% of SA paid at the end of 5, 10, 15, and 20 years

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. The periodic money-back cashbacks and final maturity proceeds are tax-exempt under Section 10(10D).

Frequently Asked Questions (FAQs)

What is the difference between Plan 920 and Plan 921?

Plan 920 has a 20-year term with a 15-year PPT and pays 20% of SA at 5, 10, and 15 years. Plan 921 has a 25-year term with a 20-year PPT and pays 20% of SA at 5, 10, 15, and 20 years.

What is paid on maturity for these plans?

At maturity, the policyholder receives the remaining 40% of the basic Sum Assured, plus all accumulated Simple Reversionary Bonuses and any Final Additional Bonus (FAB).

What is the death benefit payout?

If death occurs during the term, the nominee receives 125% of the Basic Sum Assured plus all accrued bonuses, regardless of any survival benefits already paid.

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