LIC's New Children's Money Back Plan
Ideal for planning your child's financial goals.
Moderate premiums
Multiple premium payment frequency to choose from
Life Cover to the extent of Sum Assured + Bonus + Final Additional Bonus (As applicable). For life assured below 8 years age - life cover will start, on completion of 2 policy years OR 8 years of age - whichever is early.
Survival benefit: An amount equal 20% of SA will be paid on each policy anniversary on completion of 18, 20 & 22 years of age.
Maturity Benefit: 40% of SA+ Bonus + Final Additional Bonus (as applicable) will be paid on completion of term.
Loan is available any time after 2 policy years.
Policy can be back dated Policy can be back dated within the same financial year to match an important event of your child.
Tax Exempted: Premium Paid is TAX EXEMPTED u/s 80 C
Tax Free: ll returns from the policy are TAX FREE u/s 10 (10) (D)
Free lookup period for 15 days
| Eligibility Criteria | ||
|---|---|---|
| Min. | Max. | |
| Age | 0 years | 12 years |
| Term | 13 years | 25 years |
| PPT | 13 years | 25 years |
| Sum Assured | 1,00,000 | No Limit |
| Premium Modes | Yearly, Half Yearly, Quarterly & Monthly | |
| Yearly Premium For 1000000 Sum Assured | |||
|---|---|---|---|
| Age | Sum assured | ||
| 3 | 46882 | ||
| 6 | 56437 | ||
| 9 | 70157 | ||
| 12 | 89022 | ||
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Plan No.
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