20 Years Money Back Policy 920

20 Year Money Back 920 – LIC 20 Year Money Back 920 Details

This is limited premium payment, non-linked, with profits money back plan.

Premium Payment Mode

Monthly (ECS), Quarterly, Half Yearly and Yearly

Duration / Term

20 Year


15 Year

Minimum Entry Age

13 Years Completed

Maximum Entry Age

50 Years nearest Birthday

Maximum Maturity Age

70 Years

Minimum Sum Assured


Maximum Sum Assured

No Limit (Depending upon your Income)

Maximum Accidental Risk and Disability benefit rider up to age 70

On Rsik

Sum Assured on Risk + Vested Bonus + FAB if any.

Sum Assured on Risk = Higher of 125% of basic SA


7 times of annualized premium.

Risk benefit shall not be less than 105% of total premiums paid as on date of risk

The premiums exclude taxes, extra premium and rider premium and rider premiums.


20% of basic SA is payable after 5th, 10th and 15th year of plan.

Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.

Surrendered Value

The policy can be surrendered for cash provided at least two full years premiums have been paid.

The Guaranteed surrender value during policy term shall be a percentage of total premiums paid (net of service tax ) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.


Available after payment of premium of 2 Full Years.

Income Tax Benefit

Premium paid under this plan is eligible for Tax rebate under section 80C.

Maturity under this plan is FREE under section 10(10D)