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Exploring the Best LIC Money Back Policy to Invest in 2021

Published On Oct 28, 2021 4:00 PM By InsuranceDekho

It is necessary for a happy and secure existence. No one can exaggerate the significance of having it. It provides the necessary financial stability to your family or loved ones in the event of your death. Many people in India may regard it as simply another cost. But ask themselves two questions: what will happen to their family and loved ones if they die? How would they manage their life if there is only one breadwinner in the household? If you're still perplexed, the answer is life insurance with a Money Back policy. It is the most renowned brand offering a broader selection of life insurance options. It might be difficult to choose the best option from all of the available possibilities.

Best LIC Money Back Policy to Invest in 2021 

Here is a list of the three best LIC Money back plans in India, ranked by the amount of coverage, policy period, and other factors.

  • LIC Jeeva Umang

LIC Jeeva Umang, one of the top LIC money back plans, is a participating, non-linked, individual whole-life insurance plan that provides income and protection to the family. The plan provides the insured with yearly survival benefits from the end of the premium-paying period until the policy matures.Furthermore, at the time of policy maturity, the insured receives a lump-sum payment as a maturity benefit, or a death benefit is paid to the policy's nominee in the case of the death of the insured during the term of the policy.

LIC Jeevan Umang Characteristics

  1. The plan allows you to get your death benefit in installments.
  2. To expand the policy's coverage, many rider options are available.
  3. The plan provides the option of paying the policy premium through regular premium payments or salary deductions throughout the policy's PPT.
  4. Tax incentives are available under Sections 80C and 10(10D) of the Income Tax Act.
  5. Provides an attractive refund for a bigger total insured amount.

LIC Money Back 25-Year Plan

This is a non-participating, limited-premium individual life insurance plan that provides an appealing combination of insurance coverage and a Money Back in the form of monthly payments on surviving for a certain amount of time during the policy lifetime. This combined benefit offers financial support to the insured's family in the case of the insured's untimely death, as well as a lump sum payment at the policy's maturity if the insured lives the policy's whole term. The strategy also addresses liquidity requirements through the lending facility. 

 LIC Money Back 25 Years Features 

  • The Money Back 25-year LIC plan has a settlement option for receiving the maturity reward, which means the insured can receive the maturity benefit in payments over a 5-, 10-, or 15-year period.
  • Death benefits can be taken in installments under the scheme.
  • The benefit of the lending facility is available to policyholders.
  • For the larger sum insured amount, rebates are payable.
  • The policy's premium can be paid in two ways: regularly or by salary deductions during the policy's PPT.

LIC New Jeevan Anand 

The LIC New Jeevan Anand plan is a non-linked participation plan that provides both protection and savings. The plan provides financial security to the insured's family in the event of the insured's untimely death. Furthermore, as one of the greatest life plans, the LIC new Jeevan Anand gives the insured with a maturity bonus if he or she lives the policy's complete term. The plan also provides for the family's cash needs through a borrowing facility.

Features of LIC's New Jeevan Anand

  • The death benefit might be paid out in instalments under the arrangement.
  • The policy's premium can be paid in two ways: by regular premium payments or with salary deductions during the policy's PPT.
  • Rebates are available for the larger sum guaranteed amount under the plan.
  • The Income Tax Act's Sections 80C and 10(10D) provide tax advantages.
  • The policyholder is eligible to use the lending facility.
  • The coverage can be relinquished at any moment as long as the premiums have been paid in full for two years.


These are some of the most lucrative LIC Money Back plans that insurance purchasers may choose from based on their budget and financial requirements. However, before making an informed decision, make sure you go over the plan's contents. Don't forget to protect your family's financial future with a life insurance policy that includes a Money Back  guarantee.

Also read: How Can You Save Tax With Money Back Plan

Why Should You Go For Money Back Plans?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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