LIC’S NEW CHILDREN’S MONEY BACK PLAN

LIC NEW CHILDREN MONEY BACK PLAN is one of the best plan for those parents who really worried about their children’s education and their marriage also. Children’s money back plan provide the fix amount on fixed schedule which helps in childrens education planning. In case of some mishappening with parent PREMIUM WAIVER BENFITS available for assuring the benefits needs for their children’s in future.

 

WHY CHOOSE THIS PLAN :

∙  Complete Planning For Children future.

  20% of basic assured as a Money Back Facility available at the age of child( 18th , 20th ,22ndyear).

  At the age of 25 year(child) get whole maturity.

  Premium waiver Rider option available.

 

BENEFITS OF PLAN :

ON DEATH:  During the policy term  if policy holder dies LIC will give amount equal to the total amount of premium paid excluding all taxes and extra premium, If any shall be paid.

On death after risk cover has begun ,the sum assured on death + vested simple revisionary bonuses+ additional bonuses if any paid, is payable subject to a minimum of 105% of all premium paid till death.

SURVIVAL BENEFITS: At age of 18 year, 20 year, 22 year, of child  ,  LIC will give 20% of basic sum assured as a money back.

MATURITY BENEFITS: On maturity 40% of basic sum assured along with vested simple revisionary bonuses and final additional bonus, if any, shall b payable.

PREMIUM WAIVER BENEFIT: If proposer add on this premium waiver benefit rider in policy, at the time proposer death during the policy term LIC will   give   waiver to all future premium.

 

 

PLAN PARAMETERS :

 

Min. / Max. age of Entry 0 YRS /12 YRS
Min. / Max. Policy Term 25 age at Entry
Maturity Age 25 years
Min. Basic Sum Assured 1,00,000/-
Max. Basic Sum Assured 10,000/-
Mode of Payments YLY , HLY , QLY , MTHLY

 

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