1. LIC’s NEW MONEY BACK PLAN
20 Years
( Plan No. 820 )
UIN : 512N280V01

2. LIC’s New Money Back Plan -20 years ~ Benefits
Plan No. 75
New Money Back Plan – 20 years
Plan No. 820
Maturity Benefit
40% of the Basic Sum Assured along with
Vested Simple Reversionary Bonuses and
Final Additional Bonus, if any.
Death Benefit
Basic Sum Assured(BSA) along with Vested Simple Reversionary Bonuses and
‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and
The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death .
No change
Modification- ‘Sum Assured on Death' instead of SA

3. LIC’s New Money Back Plan -20 years ~ Benefits
What is Sum Assured on Death?
Sum Assured on Death shall be Higher of ~
125% of Basic Sum Assured (1.25 x BSA) OR
10 times Annualised Premium.(10 x AP).
[Premiums - excluding taxes, extra premiums and premiums for riders, if any]

4. LIC’s New Money Back Plan -20 years ~ Benefits Survival Benefit
NO Change in SB
Survival Benefit
Policy Year
5th
10th
15th
Survival Benefit Payable
20%
Paid-up Value modified
Money Back Plan -20 years
Plan No. 75
New Money Back Plan – 20 years
Plan No. 820
Paid-up value per thousand Sum Assured
Paid –up value shall be equal to [(Number of premiums paid/ Total Number of premiums payable)x Basic Sum Assured less total amount of Survival Benefits paid under the policy.
Year ‰
6,11 70 15 50
2,7,12
140 16
120
3,8,13
210 17
190
4,9,14
280 18
260 19
330 20
400

5. New Money Back Plan – 20 years ( Plan No. 820)
LIC’s New Money Back Plan -20 years ~
Eligibility Conditions and Restrictions
Particulars
Money Back Plan -20 years
( Plan No. 75)
New Money Back Plan – 20 years ( Plan No. 820)
Age at entry
13 to 50 years
Age at Maturity
Maximum 70 years
Maximum 70 Years
Policy Term
20 years
Premium Paying Term
20 Years
15 Years
Premium mode
Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured
50,000 and above
1,00,000 and above
( In multiples of 5000)
Premium Paying term modified
Minimum Sum Assured modified

6. LIC’s New Money Back Plan -20 years ~ Rebates
Rate modified
Mode
Rebate
Plan No. 75
Plan No. 820
Yearly
3% of tabular Premium
2% of tabular premium
Half-yearly
1.5% of tabular premium
1% of tabular premium
Quarterly
Nil
Slab & Rate modified
Money Back Plan -20 years
Plan No. 75
New Money Back Plan – 20 years
Plan No. 820
Basic Sum Assured
Rebate (Rs.)
1,00,000 and above
2.00‰ SA
5,00,000 and above
3.00‰ BSA
50001 to 1,00,000
1.00‰ SA
2,00,000 to 4,95,000
2.00‰ BSA
Upto 50000
Nil
1,00,000 to 1,95,000

7. LIC’s New Money Back Plan -20 years ~ Loan
Plan No. 75
New Money Back Plan – 20 years
Plan No. 820
Available after payment of 3 full years premiums.
Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies.
The maximum amount of loan that can be granted as a percentage of Surrender Value be as under:
For inforce and fully paid-up policies – upto 90%
For paid-up policies – 80%
Foreclosure action shall be initiated on default of 2 or more half-yearly loan interest installments.
Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is default of loan interest.
% of loan modified

8. LIC’s New Money Back Plan -20 years ~ Surrender Value
Plan No. 75
Plan No. 820
Guaranteed Surrender Value (GSV)
Available after payment of 3 full years premiums.
Before Payment of Survival Benefit:
GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any.
After Payment of Survival Benefit:
GSV shall be 30% of the premiums paid after the due date on which last SB was paid less extra premium, if any.
GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders, if opted for. Less any survival Benefits already paid.
Examples of GSV factors applicable for total premiums paid
Policy Year ~ GSV factor
3 = 30%
5 = 50%
t -1 = 80% (t=Policy Term)
Cash Value of vested bonuses, if any.
GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors –
Year of SV – Factor % % %
No Change
GSV % modified
Bonus Payable modified

9. LIC’s New Money Back Plan -20 years ~ Surrender Value
No change in SSV
Money Back Plan -20 years
Plan No. 75
New Money Back Plan – 20 years
Plan No. 820
Special Surrender Value (SSV)
Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.
The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.
Surrender Value Payable
Surrender Value payable
The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

10. LIC’s New Money Back Plan -20 years New Money Back Plan – 20 years
Plan No. 75
New Money Back Plan – 20 years
Plan No. 820
A Policy may be revived within a period of 5 years from the date of first unpaid premium.
A Policy may be revived within a period of 2 years from the date of first unpaid premium.
Taxes, if any , were borne by the corporation.
Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.
There shall be no change in the following Items
Back Dating
Grace Period
Assignment/Nomination