LIC of India · Life insurance
New Children's Money Back
Pays out in stages at ages 18, 20, 22 and 25 for a child's education and marriage.
Plan at a glance
Plan typeParticipating, non-linked money back
Entry age0 – 12 years
Policy term25 years minus the child's entry age
Premium paying termFull policy term
Minimum sum assured₹1,00,000
Survival benefit20% of basic sum assured at ages 18, 20 and 22
Key benefits
- 20% of the basic sum assured is paid at each of ages 18, 20 and 22
- The remaining 40% plus bonuses is paid at age 25
- On death, the sum assured plus accrued bonuses is paid. Premiums are returned if death occurs before risk commences
- A loan is available against the policy
- Bonuses are declared by LIC and are not guaranteed
Best suited for
Parents planning for a child's college years and wedding who want money to arrive at fixed ages.
Details are as published for this plan and can change. LIC's sales brochure and policy document decide the final terms. Selvakumar will confirm the current terms and give you a personal illustration. Insurance is the subject matter of solicitation.