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
Plan No.

About Us

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