LIC New Money Back 25 Years Plan 921
Plan No. 921 | UIN: 512N278V02
• Premiums based on official LIC brochure sample rates.
• 15% Survival Benefit payable at end of 5th, 10th, 15th & 20th year.
• Maturity = 40% BSA + Bonus + FAB.
• Death Benefit = Higher of 125% BSA OR 7× Annual Premium + Bonus.
• GST extra as applicable.
• Premium estimates are approximate and illustration based.
LIC New Money Back 25 Years Plan 921
Death Benefit
Under LIC New Money Back 25 Years Plan 921, the nominee received:
- ₹1,25,000 + Bonuses + Final Additional Bonus (FAB)
according to applicable policy conditions and bonus declarations.
Introduction to LIC New Money Back 25 Years Plan 921
Life Insurance Corporation of India launched LIC New Money Back 25 Years Plan 921 on February 1, 2020, as a traditional money-back insurance and savings policy.
The policy provided:
- Life insurance protection
- Periodic survival benefits
- Maturity benefits with bonuses
- Long-term savings support
LIC New Money Back 25 Years Plan 921 required premium payments for only 20 years, while benefits continued for the complete 25-year policy duration.
The policy was withdrawn from new sales on January 1, 2025, though existing policyholders continue enjoying all contractual benefits.
What Was LIC New Money Back 25 Years Plan 921?
LIC New Money Back Plan 921 was a:
- Non-linked
- Participating
- Traditional money-back insurance plan
The policy combined guaranteed survival benefits with bonus participation linked to LIC’s profits.
The plan was designed for individuals seeking:
- Regular periodic payouts
- Long-term savings
- Life insurance protection
- Bonus-based maturity returns
Eligibility Criteria for LIC New Money Back 25 Years Plan 921
| Eligibility Condition | Minimum | Maximum |
|---|---|---|
| Entry Age | 13 years | 45 years |
| Maturity Age | — | 70 years |
| Policy Term | 25 years | 25 years |
| Premium Paying Term | 20 years | 20 years |
| Basic Sum Assured | ₹1,00,000 | No upper limit |
| Premium Payment Modes | Yearly, Half-yearly, Quarterly, Monthly | Available in all modes |
Main Features and Benefits
Survival Benefits (Money Back)
One of the key highlights of this plan is the regular money-back payout offered during the policy period. The policyholder receives 15% of the Basic Sum Assured at the end of the 5th, 10th, 15th, and 20th policy years. These periodic payouts help provide financial support and liquidity while the life cover remains active throughout the term.
Maturity Benefit
If the life assured survives the full 25-year policy term, LIC pays the remaining 40% of the Basic Sum Assured along with accumulated Simple Reversionary Bonuses and Final Additional Bonus (if declared). This maturity amount helps create a long-term financial corpus.
Death Benefit
If the insured person passes away during the policy tenure, the nominee receives the higher of:
- 125% of the Basic Sum Assured, or
- 7 times the annualized premium
along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. This benefit ensures financial protection for the nominee and family members.
Bonus Benefits
Being a participating policy, the plan shares LIC’s profits through annual Simple Reversionary Bonuses and Final Additional Bonus (FAB). These bonuses increase the total value of the policy over time.
Surrender and Loan Benefits
The policy acquires Guaranteed Surrender Value after payment of at least two full years’ premiums. Once surrender value is available, policyholders can also take loans against the policy, helping during urgent financial situations.
Eligibility and Premium Details
- Entry Age: 13 years to 45 years
- Policy Term: Fixed 25 years
- Premium Paying Term: Fixed 20 years
- Minimum Basic Sum Assured: ₹1,00,000
- Sum Assured available in multiples of ₹5,000
- Premium Payment Modes:
- Yearly
- Half-Yearly
- Quarterly
- Monthly (NACH)
Premiums are paid only for 20 years, while the policy benefits continue for the full 25-year term.
How LIC New Money Back 25 Years Plan 921 Works
The policyholder pays premiums for 20 years. During the policy term, LIC pays survival benefits equal to 15% of the Basic Sum Assured at the end of the 5th, 10th, 15th, and 20th years.
At maturity after 25 years, the remaining 40% of the Basic Sum Assured along with bonuses is paid to the policyholder.
If the life assured dies during the policy term, the nominee immediately receives the death benefit irrespective of earlier survival payouts.
This structure offers a mix of regular returns, insurance protection, and long-term savings benefits.
LIC New Money Back 25 Years Plan 921 Calculator
The LIC New Money Back 25 Years Plan 921 Calculator helps estimate:
- Premium payable
- Survival benefits
- Maturity value
- Death benefits
- Surrender value
- Loan eligibility
based on details entered by the user.
Common Inputs Required in the Calculator
- Entry age
- Basic Sum Assured
- Premium payment mode
- Policy term (25 years)
- Premium payment term (20 years)
- Rider details (if selected)
Calculator Outputs
The calculator generally displays:
- Annual or periodic premium amount
- Survival benefit payouts
- Death benefit including bonuses
- Estimated maturity value with bonuses
- Surrender value after 2 years
- Loan eligibility amount
The calculations are based on LIC’s official premium rates and declared bonus assumptions. Tax benefits under prevailing income tax rules may also be considered while planning.
Example Illustration
Suppose a person purchases the plan at age 28 with a Basic Sum Assured of ₹4,00,000.
- Premiums are paid for 20 years.
- Survival benefits of ₹60,000 (15% of ₹4,00,000) are paid at the end of the 5th, 10th, 15th, and 20th years.
- At maturity after 25 years, the policyholder receives the remaining ₹1,60,000 along with bonuses.
- In case of death during the policy term, the nominee receives ₹5,00,000 (125% of the Basic Sum Assured) or 7 times the annual premium, whichever is higher, along with bonuses.
The approximate annual premium may be around ₹23,000 depending on the age and payment mode selected.
This example shows how the plan combines life protection, periodic payouts, and long-term savings in a single policy.
Advantages of LIC New Money Back 25 Years Plan 921
- Periodic money-back benefits for liquidity during the policy tenure
- Life cover throughout the term, giving protection to family
- Bonus additions enhancing maturity value
- Fixed premium payment term of 20 years while benefits continue for 25 years
- Loan and surrender value facilities for emergencies
- Suitable for long-term financial goals like child education, marriage, retirement corpus
- Tax benefits under Sections 80C and 10(10D) of the Income Tax Act
Important Dates
- Launch Date: February 1, 2020
- Withdrawn Date: January 1, 2025 (No new policies accepted after this date)
Existing policyholders continue to enjoy benefits as per policy terms.
External Useful Resources
https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-2552316256340934&output=html&h=280&slotname=7616806143&adk=2352889348&adf=2331709006&pi=t.ma~as.7616806143&w=752&fwrn=4&fwrnh=100&lmt=1779660539&rafmt=1&format=752×280&url=https%3A%2F%2Fliccalculator.info%2Flic-new-money-back-25-years-plan-921%2F&fwr=0&fwrattr=true&rpe=1&resp_fmts=3&asro=0&aiactd=0&aicctd=0&ailctd=0&aimartd=4&aieuf=1&aicrs=1&uach=WyJXaW5kb3dzIiwiMTkuMC4wIiwieDg2IiwiIiwiMTQ4LjAuNzc3OC4xNzkiLG51bGwsMCxudWxsLCI2NCIsW1siQ2hyb21pdW0iLCIxNDguMC43Nzc4LjE3OSJdLFsiR29vZ2xlIENocm9tZSIsIjE0OC4wLjc3NzguMTc5Il0sWyJOb3QvQSlCcmFuZCIsIjk5LjAuMC4wIl1dLDBd&abgtt=6&dt=1779725336102&bpp=1&bdt=838&idt=103&shv=r20260520&mjsv=m202605190101&ptt=9&saldr=aa&abxe=1&cookie=ID%3Dc6a7b29dfd6a5c81%3AT%3D1778065605%3ART%3D1779725341%3AS%3DALNI_MYf1oPXgNRIlsdAeKv5k8Eh7W1E-w&gpic=UID%3D000013f7638c2e3f%3AT%3D1778065605%3ART%3D1779725341%3AS%3DALNI_MYhOfnCNYF90Uf7UizYiwzKJQA4tQ&eo_id_str=ID%3D01dfb1595bca3978%3AT%3D1778065605%3ART%3D1779725341%3AS%3DAA-AfjbIjZjReNzRwwd7MKBWsdHK&prev_fmts=0x0%2C752x280%2C679x280%2C752x280%2C752x280&nras=1&correlator=183051943337&frm=20&pv=1&u_tz=330&u_his=6&u_h=1080&u_w=1920&u_ah=1032&u_aw=1920&u_cd=32&u_sd=0.75&dmc=16&adx=710&ady=7187&biw=2540&bih=1214&scr_x=0&scr_y=2407&eid=31098652%2C95390787%2C42533294%2C95391807%2C95386195&oid=2&pvsid=6637219860276546&tmod=1976153920&uas=3&nvt=1&ref=https%3A%2F%2Fliccalculator.info%2Flic-new-money-back-20-years-plan-920%2F&fc=1920&brdim=0%2C0%2C0%2C0%2C1920%2C0%2C1920%2C1032%2C2560%2C1214&vis=1&rsz=%7C%7CeEbr%7C&abl=CS&pfx=0&fu=128&bc=31&plas=292x679_l&bz=0.75&pgls=CAEaAzcuMA..&ifi=11&uci=a!b&btvi=4&fsb=1&dtd=65474
To explore more about the LIC New Money Back 25 Years Plan 921, including detailed features, benefits, and premium calculators, please refer to:
- Official LIC India page (Sales Brochure): licindia.in
- Insurance comparison and calculator websites offering plan details and premium calculators
- LIC customer service for personalized quotations and policy servicing
Frequently Asked Questions
What is the LIC New Money Back 25 Years Plan 921?
It is a traditional life insurance plan by LIC that offers both life cover and periodic returns. You pay premiums for 20 years, and the policy runs for 25 years. You get 15% of the sum assured every 5 years (at 5th, 10th, 15th, and 20th years) and the remaining 40% with bonuses at maturity (25th year).
When was this plan launched and withdrawn?
The plan was launched on February 1, 2020, and was withdrawn on January 1, 2025. No new policies are being issued after this date, but existing policies continue as per their terms.
What are the survival benefits under this plan?
Survival benefits are paid if you are alive at specific intervals. You receive 15% of the basic sum assured at the end of the 5th, 10th, 15th, and 20th policy years. This gives you regular income during the policy term.
What happens at maturity?
On surviving till the end of 25 years, you get 40% of the basic sum assured plus accrued simple reversionary bonuses and a final additional bonus (if declared). You can choose to receive this amount as a lump sum or in instalments over 5, 10, or 15 years.
Conclusion
The LIC New Money Back 25 Years Plan 921 is a disciplined, long-term insurance savings plan offering a dual benefit of regular survival payouts and a lump sum maturity amount along with comprehensive life cover. It suits individuals looking for systematic savings with protection for family and financial goals.
Though withdrawn for new business from January 1, 2025, the plan remains a good example of traditional money-back policies by LIC for policyholders within the active tenure.
Note: All images and videos used on this website are sourced from Google or YouTube. If you have any issues regarding any image or video, please contact us via email through our official website.
If you find any problem with this post or wish to request its removal, please contact us through:
https://licpolicycalculator.in/contact-us
