Check various options available -How to Revive Lapsed LIC Policy?

You can use Survival Benefit - cum- Revival Option, as your policy is Money back -

Money back type policy can be revived by using the survival benefit, which falls due in it, in case of the survival benefit due date is earlier than the date of revival. If the revival amount is more than the survival benefit amount, the excess amount will be demanded. If the revival amount is less than the survival benefit amount. The remaining amount will be given back to the policyholder. The additional requirements for revival and survival benefit settlement are to be satisfied.