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LIC’s New Children’s Money Back Plan : Invest minimum in the scheme, and get Rs 10 lakh on maturity.

LIC’s New Children’s Money Back Plan

LIC’s New Children’s Money Back Plan: Life Insurance Corporation of India has come up with a special plan for children called LIC’s New Children’s Money Back Plan (LIC New Children Money Back Plan). This scheme has been made keeping in mind the financial needs of the children in future.

You can get better returns by investing in this policy of Life Insurance Corporation of India! LIC New Children Money Back Plan (LIC New Children Money Back Plan) is a life insurance policy! Which is designed to provide financial security to children!

LIC’s New Children’s Money Back Plan

This LIC New Children Money Back Plan (LIC New Children Money Back Plan) offers many benefits like life insurance coverage, regular income and money return at specific intervals! So that this LIC (Life Insurance Corporation Of India) plan can be ensured that the child’s needs are met in case of any unfortunate event!

Benefits of LIC New Children Money Back Plan

  • LIC New Children Money Back Plan includes life insurance for the child to secure the financial needs of the family in case of unforeseen events!
  • This LIC (Life Insurance Corporation of India) plan provides regular income at predetermined intervals to meet the needs of the child during his formative years.
  • The scheme offers cash back at specific intervals to meet the education and infrastructure needs of the child.
  • The scheme offers tax benefits for both the premiums paid and the maturity amount received under Section 80C and 10(10D) of the Income Tax Act.
  • The plan offers flexibility in terms of term of insurance and premium payment options. Who can apply for New Children’s Money Back Plan?

LIC New Children Money Back Plan policy can be taken by any parent or legal guardian on behalf of a child between the age of 0 to 12 years! Who deserves this rule! They can apply in this LIC (Life Insurance Corporation of India) scheme!

How to Apply for LIC New Children Money Back Scheme

  • LIC New Children Money Back Plan (LIC New Children Money Back Plan) can be purchased through LIC agent or online through LIC website!
  • LIC (Life Insurance Corporation of India) policyholder will have to provide proof of his own identity along with the age and identity of the child.
  • The policyholder will also have to give details of premium payment and policy term.

Example of LIC New Children Money Back Plan

Mr. Sharma wants to secure his son’s future. So he decided to buy LIC New Children Money Back Plan! He chooses LIC (Life Insurance Corporation Of India) policy term of 20 years and opts for annual premium payment option. He pays a premium of Rs. 30,000 per year!

LIC’s New Children’s Money Back Plan

In LIC New Children Money Back Plan (LIC New Children Money Back Plan), the maturity amount after 20 years is Rs. 10,00,000! His son got the money back at intervals of Rs. 2,00,000 at the age of 18, 20 and 22! In case of an unfortunate event, the nominee will receive a sum assured of Rs 10,00,000. In this way you can take advantage of this scheme of LIC (Life Insurance Corporation of India)!

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