LIC Money Back Plan Calculator 2026

Calculate premium payment terms, periodic survival payouts, final maturity values, and XIRR returns for Plan 720 and Plan 721. Updated for 2026.

All LIC Plans Covered|Bonus Rates Updated 2026|PDF Report Download|100% Free & Independent|Verified by Financial Experts

Money Back Parameters

Proposer's Age (उम्र)30 Years

13 Years45 Years

Select Policy Plan / Duration

Sum Assured (बीमा राशि)₹5,00,000

₹1,00,000₹50,00,000

💵 Liquidity Benefit: Unlike endowment policies, money back plans return cash to you during the term. Payouts are completely tax-free under Section 10(10D).

Benefits Schedule

Premium (15 Yrs)

₹27,431/Yr

Total Premiums Paid

₹3,93,750

Total Benefits Payout

₹9.40 Lakh

XIRR Return

10%

Survival Payout Timelines

End of Year 5:+₹1,00,000

End of Year 10:+₹1,00,000

End of Year 15:+₹1,00,000

End of Year 20 (Maturity payout):+₹6,40,000

Want a better life cover than traditional LIC policies?

Traditional plans offer 5-6% returns with low life cover. Compare pure Term Insurance plans starting from just ₹440/month for a ₹1 Crore cover.

Compare Term Plans

LIC Money Back Plan Calculator

Use this tool to calculate your estimated LIC Money Back Plan survival benefits, maturity payouts, and premium schedules. This calculator requires JavaScript to function.

💡

What is the maturity value of a 5 Lakh Money Back policy in LIC?

For a ₹5 Lakh Sum Assured under the 20-Year Money Back Plan (Plan 720) with a premium of ₹38,000/year (for 15 years), you receive ₹1,00,000 at the end of the 5th, 10th, and 15th years. On maturity at year 20, you receive ₹6,40,000 (including ₹3.9L reversionary bonus and ₹50k terminal bonus). Total benefit payout is ₹9,40,000.

How to Evaluate an LIC Money Back Policy

LIC Money Back plans are popular among savers who want intermediate liquidity to cover life events like children's school admissions or home renovations. Unlike endowment policies where all cash is locked until the end, these plans release cash at 5-year intervals.

The XIRR yield of Money Back plans averages around **4.8% to 5.2%** p.a. tax-free. Because capital is returned early, the overall compounding yield is slightly lower than static endowment plans (like Jeevan Labh), but the intermediate liquidity compensates for this difference.

हिं

एलआईसी मनी बैक प्लान 720 और 721 कैलकुलेटर — LIC Money Back in Hindi

एलआईसी मनी बैक पॉलिसी (LIC Money Back Policy) 2026. यह योजना उन लोगों के लिए सर्वोत्तम है जो पॉलिसी अवधि के दौरान अंतरिम तरलता (Intermediate Liquidity) चाहते हैं।\n\n20 साल के प्लान (720) में, प्रत्येक 5वें, 10वें और 15वें वर्ष के अंत में सम एश्योर्ड का 20% मनी बैक के रूप में दिया जाता है। 20वें वर्ष (मैच्युरिटी) पर शेष 40% राशि के साथ संचित बोनस का भुगतान किया जाता है। 25 साल के प्लान (721) में 15% की दर से 4 बार मनी बैक भुगतान मिलता है। ये सभी भुगतान पूर्णतः कर-मुक्त होते हैं।

LIC Plan-wise Bonus Rates 2026Read article →LIC Jeevan Umang Plan 745 ReturnsRead article →

Frequently Asked Questions

Under the 20-Year Money Back Plan (Plan 720), LIC pays 20% of the basic Sum Assured at the end of the 5th, 10th, and 15th policy years. Under the 25-Year Money Back Plan (Plan 721), LIC pays 15% of the basic Sum Assured at the end of the 5th, 10th, 15th, and 20th policy years. These periodic payments are paid in cash to the policyholder and do not reduce the final maturity bonuses.

On surviving to the end of the policy term, the policyholder receives: 40% of the basic Sum Assured + Accumulated Reversionary Bonuses + Terminal Bonus. The reversionary bonus compounds on the full basic Sum Assured every year, even though part of the Sum Assured has already been paid out as survival benefits.

You do not pay premiums for the entire duration of the policy. For the 20-year term (Plan 720), the premium paying term (PPT) is 15 years. For the 25-year term (Plan 721), the PPT is 20 years. You pay no premiums in the final 5 years of the policy.

The minimum entry age for both Plan 720 and 721 is 13 completed years. The maximum entry age is 50 years for Plan 720 and 45 years for Plan 721.

If the policyholder dies during the policy term, the death benefit is: Sum Assured on Death (125% of basic Sum Assured or 7 times the annual premium, whichever is higher) + Accrued Reversionary Bonuses + Terminal Bonus. Importantly, any survival benefits already paid in past years are NOT deducted from the death claim.

Yes, both the periodic survival benefits and the final maturity payout are completely tax-free under Section 10(10D) if the annual premium stays below 10% of the Sum Assured. Standard premium caps apply to policies bought after April 2023.

In 2026, the declared reversionary bonus rate is ₹39 per ₹1,000 Sum Assured for Plan 720, and ₹41 per ₹1,000 Sum Assured for Plan 721.

Yes, a policy loan is available after completing 2 full years of premium payments. You can borrow up to 90% of the policy's surrender value.