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Buy LIC Money Back Policy online

For Indians, LIC Money Back policies are a popular option for attaining various financial objectives, including safeguarding their children’s education and marriage as well as planning for a comfortable retirement. These policies not only provide valuable life coverage throughout the policy duration, but they also carry important tax advantages under Section 80C of the Income Tax Act. This enables policyholders to decrease their taxable income by investing up to Rs.1.5 lakh. A notable advantage of LIC Money Back policies is the ability to purchase them online. Opting to buy these policies through online platforms offers a seamless and user-friendly experience, simplifying the process of securing your family’s financial future from the convenience of your own home.

LIC Money Back plans have a unique feature where policyholders receive regular payments. These plans function like traditional endowment assurance LIC Tax Saving Plan policies as they provide guaranteed payments at specific intervals throughout the policy’s duration. The amount paid is a percentage of the sum assured, ensuring that policyholders have access to liquid funds periodically. This aspect of Money Back plans makes them a great choice for individuals who value financial stability and prefer a steady income during important stages of life.

Among the various options available in LIC Money Back policies buy lic money back policy online , the LIC Money Back Plan – 20 years is particularly popular for meeting medium-term financial goals. For those with longer-term financial objectives, there is also the LIC Money Back Plan – 25 years. Both these plans give peace of mind to individuals by offering life coverage along with the guarantee of regular returns, including significant bonuses upon survival or maturity.

To summarize, LIC Money Back policies provide a complete option for Indian policyholders who want to safeguard their family’s future, enjoy tax advantages, and guarantee financial stability with consistent payments. Whether you choose the LIC Money Back Plan – 20 years best money back policy or the LIC Money Back Plan – 25 years lic’s new money back plan 25 years , these policies can be conveniently purchased online and serve as a dependable method to fulfill your financial goals.

Why buy LIC money back policy online?

The LIC money back policy is a simple and straightforward plan that gives the policyholder a fixed amount every 5th year. A Lump Sum money is paid at maturity of policy. The LIC money back plans are also tax efficient. The premium paid LIC Money Back Policy Online Premium Payment is eligible for tax deduction under section 80C of the Income Tax Act. With the advent of the internet and mobile phones, it has become easy to buy a money back policy online. You can now browse through plans based on your life stage and insurance goals. Select the policy, review the features and submit your personal details securely. With an online payment option, your policy is activated once your payment is received and details of your policy are delivered over email.

LIC Money back plans online buying guide

1. What is Money Back Insurance Policy?

As an investor if you are looking at enjoying the benefits of your investment without having to wait till the final maturity period, then Money back policies are worth your consideration. These plans offer a guaranteed sum of money known as survival benefits and these small sums of money are paid back at fixed periods during the tenure of the policy. This is paid in addition to the Maturity and death benefits LIC Money Back Policy Death Benefits(Policy Claims & Maturity Pay-outs of the insurance policy.

2. What are the Benefits of a Money Back Plan?

A money back plan LIC Money Back Policy Benefits(link to benefits section) serves to provide you an insurance cover along with a source of income during important stages of your lifetime.

3. Is The Amount Received Through a Money Back Policy Taxable?

No. The amount received through a money back policy is tax-free as per section 10(10D) of the Income-tax act 1961.

4. What Are the Factors to Be Considered Before Purchasing a Money Back Policy in India?

Before you proceed with a money back plan, consider your financial goals and understand at what stage or the milestones when you will need the money. Consider your current financial obligations and ability to invest and the time period for which you want to stay invested.

5. Reasons to Buy Money Back Policy

Money back plans can be considered by people who are young and do not want to risk their investments in stock markets and want to build wealth and also provide life cover for themselves and family can consider to buy Money back policies from LIC of India.LIC

6. What is the difference between Endowment plan and Money back insurance plans.

The major difference between Endowment and Money-back insurance plans Difference between Endowment and Money-back insurance is that while an endowment policy pays the investment benefit at the end of the policy term, a money-back policy provides the investment benefit at regular intervals throughout the policy term.

Choosing an Ideal Money Back Plan
  • Premium
  • Amount Assured
  • Returns
  • Additional Advantages
Why choose LIC Life Insurance Policy Benefits of Buying LIC Policy Online

Claim Settlement Ratio


Assets Under Management

₹41 Lakh Crore

Total Individual policies

28.62 Crores



Life Fund

₹43 Lakh Crores

Market share


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Frequently Asked Questions

1. What is a Money Back Insurance Policy?

In Money back policy, Part of the Sum assured is paid at regular intervals before maturity of the policy, say for example in LIC Money back is paid every 5 years.

2. Who should buy Money Back Insurance Policies?

Money back policy can be brought by business man, Self employed, professionals and salaried class. So that, they can reinvest the money back amount (or) can adjust towards future premiums.

3. What are the features of a money back Insurance policy?

In LIC money back plansLIC Money Back Policy for 20 Years: (1) Money back can be taken from age 13 years to 50 years (2) Fixed money back amount is paid every 5th year (3) Lumpsum money is paid at maturity of policy (4) Can claim Income tax benefit LIC Money Back Policy 20 Years Tax Benefit u/s 80C for premiums paid (5) All money back payment and maturity proceedings are tax free u/s 10,10D (6) Loan available (7) Option to surrender the policy.

4. What are the riders available with the Money Back Policy?

Accident rider & permanent disability rider is available.

5. What is the tax benefit with this plan?

Premiums paid upto Rs.1,50,000/- can be claimed u/s 80C and all Money back and Maturity proceedings are tax free u/s 10,10D.

6. Who is most suitable to buy the Money Back policy?

Money back policy can be brought by business man, Self employed, professionals and salaried class. So that, they can reinvest the money back amount (or) can adjust towards future premiums.

7. What if I fail to pay my regular premiums?

Your policy will be lapsed and Insurance coverage will stop.

8. What is the premium payment frequency of the Money Back plan?

You can choose to pay Monthly/ Quarterly/ Half-yearly/ Yearly.

9. What are the advantages of a Money back policy?

Advantages are :
(1) Money back amount is paid every 5th year
(2) Lumpsum money is paid at maturity of policy
(3) Can claim Income tax benefit u/s 80C for premiums paid
(4) All money back payments and maturity proceedings are tax free u/s 10,10D
(5) Loan available
(6) Option to surrender the policy.

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LIC Policy holders enjoy sovereign guarantee by Govt. of India

LIC policyholders enjoy a sovereign guarantee on the sum assured and the bonus declared as per section 37 of LIC Act, 1956 which clearly states that "Policies to be guaranteed by Central Government - The sum assured by all policies issued by the corporation including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities under which have vested in the corporation under this act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government."