LIC's New Children's Money Back Plan
Ideal for planning your child's financial goals.
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
|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|