LIC New Money Back Plan – 20 Years (Plan 820) in Hyderabad, Telangana & Andhra Pradesh
LIC’s New Money Back Plan – 20 Years (Plan 820) is a participating, non-linked life insurance plan that offers periodic money-back payouts every 5 years, along with life cover and final maturity benefits. It's a perfect fit for families, professionals, and self-employed individuals who want a steady flow of money along with insurance coverage in Telangana and Andhra Pradesh.
Key Features of LIC Plan 820:
- Policy Term: 20 Years
- Premium Paying Term: 15 Years
- Survival Benefits: 20% of Basic Sum Assured paid at end of 5th, 10th, and 15th year
- Maturity Benefit: 40% of Sum Assured + Bonus + Final Addition Bonus
- Life Cover: Full Sum Assured throughout policy term
- Loan Facility: Available after 3 full years of premium payment
Who Should Consider LIC Plan 820?
- Parents saving for child’s education or marriage
- Salaried professionals wanting regular payouts
- Individuals needing both life cover & liquidity
Eligibility Criteria:
- Entry Age: 13 to 50 years
- Maximum Maturity Age: 70 years
- Minimum Sum Assured: ₹1,00,000
- Policy Term: 20 years
Scenario – LIC Plan 820 in Real Life (Telangana Example)
Mrs. Suma, aged 30 from Warangal, buys LIC Plan 820 with a Sum Assured of ₹5 Lakhs. She pays premiums for 15 years. LIC pays her ₹1 Lakh (20%) on the 5th, 10th, and 15th policy years. At the end of 20 years, she receives ₹2 Lakhs (40%) + Bonus + Final Addition Bonus.
If she unfortunately passes away during the policy term, her nominee will receive full ₹5 Lakhs Sum Assured + Bonuses, regardless of money-back payments already made.
Why Choose LIC New Money Back Plan 820 in Telangana & Andhra Pradesh?
- Regular cash inflow helps in milestone expenses
- Financial protection + Savings growth
- Trusted by families in Hyderabad, Vijayawada, Karimnagar, and Bhimavaram
- Flexible premium paying term – pay for 15 years only
Contact LIC Advisor – Diwakar Cherukuwada
Email: support@theinsuranceagency.in
Phone: +91 9052300600
WhatsApp: Chat on WhatsApp
Thinking about short-term payouts + long-term savings? LIC New Money Back Plan – 20 Years (Plan 820) could be your ideal choice. Reach out to Diwakar Cherukuwada for expert guidance and a free custom quote.