LIC money plus is a very gr8 scheme from LIC, if u noticed the imortant factor in its facts sheets is that they are not compulsing to invest for the whole life, it has many advantage such as:
1) dont have to invest money after lock in period which is for 3 yrs only,
2) Tax benefits of 80-c and 80-L too
3) after 3 yrs we can take out the amount with interest every year laeaving only 20000 in it
4) its a fixed scheme of 10000 rs only per year
5) Its return are calculated at 10% pA according to its fact sheets which is very nominal in equity market, and is always 20% or more in equity,
6) if you even pay first 3 years, its not compulsion to pay after that
7) and if u dont take out that money ie 30000 of three years, than at the time of maturity it will easily give u 700000/- easily