Best Selling LIC Child Plan

LIC Children MoneyBack Plan 832

LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits.

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Key Features of LIC Children Moneyback Plan

  • LIC Children Moneyback Plan is a premium paying, non-linked moneyback plan.
  • 20% of the basic sum assured on completion of ages 18 years, 20 yrs & 22 years provided the policy is in full force.
  • At the age of 25 years maturity amount of 40% Basic Sum assured along with Bonus and Final Additional Bonus (if any) will be paid.
  • For children below the age of 8 years, risk cover commences from 2 years after the policy was issued or on the child's 8th birthday.
  • Premium waiver benefit available to proposer between the ages of 18 to 55 years.
  • Policy holder can take a loan against the policy after paying a premium for three years.

New Children MoneyBack Plan is designed to help parents meet the expenses of a growing child. In addition, the child’s life is also insured by this policy. Survival benefit :

Premiums paid towards Children MoneyBack Plan is eligible for Tax rebate under Section 80C each year upto Rs.1,50,000. The Survival/ Maturity/ Death claim paid under New Children Moneyback Plan is 100% Tax-free under Section 10(10d). Contact Us to buy a new LIC Policy in Bangalore.

Eligibility Conditions And Restrictions

  • Minimum Age : 0 Years
  • Maximum Age : 12 years
  • Maturity Age : 25 years
  • Policy Term : [25 - Age at entry] years
  • Premium Payment Term : Policy term
  • Minimum Sum Assured : Rs,1,00,000
  • Maximum Sum Assured : No limit
  • Premium Payment : Yearly/Half yearly/Quarterly/Monthly/(Through Bank)
  • Loan : Eligible After 3 years