LIC New Children’s money back plan no. 832 is proposed by the LIC of India to secure the future of the child. Even the parents are not there, it provides benefits at the various stages of the life of a child also provides life protection of the child in the form of insurance coverage. It …
LIC Jeevan Tarun (Table No: 834) is a non-linked and participating endowment plan that provides insurance coverage to the children. It not only provides insurance coverage but also takes care of the basic needs at a certain age of the child. Such as, for education, for marriage, for higher education, etc. For meeting these needs, …
LIC Jeevan Ankur (Plan no.807) is the latest insurance plan for the children. LIC Jeevan Ankur gives multiple financial assistance to your child when he/she needs in growing up years. In this plan, the parent is the Life Assured and the child is the Beneficiary. LIC Jeevan Ankur Features: Jeevan Ankur is the must plan …
LIC Jeevan Chhaya (Table No.103) is the perfect policy for someone planning for children’s higher education or marriage. Sum assured amount will be paid in installments in the last four years of the policy term. Bachelors can also apply for the Jeevan Chhaya policy. Jeevan Chhaya Features: Premium Waiver Benefit You will have to pay …
Jeevan Kishore Plan No.102 is an Endowment Assurance plan specially designed for children below 12 years of age. The policy can be purchased by any of the parents/grandparents. Rare is a person who does not love children – sweet, cute, innocent, spreading joy and happiness around. If they are one’s own offspring, the affection is …
LIC India Child CAREER plan Table 184 & Child FUTURE Plan Table 185
When it comes to your child career and future, you don’t want to take risk. Every parent want to give their child finest education and future. If you want to secure your child’s future then this is the best LIC plan for your child. LIC has two best Children’s Plans – LIC’s Child’s Career Plan and Child FUTURE Plan. Both child plans are available for age group of 0 to 12 years.
The unique features of the twin plans are commencement of risk from the age of 5 years of the child subject to deferment period of 2 years, auto risk cover in case of non-payment of premiums for 2 years and free risk cover equal to the sum assured during extended term of 7 years from the date of maturity.
LIC Child Career Plan Summary:
LIC Child Career Plan (Table 184) provides funds at regular yearly intervals for professional or higher education and start-in-life in the form of 6 money back installments commencing from minimum age of 18 years. So your child will get money when they really need it.
Child’s Career Plan (Table no. 184, with profits)
Under Child’s Career Plan
vested bonus is payable along with first survival benefit of 30% of sum assured followed by subsequent 5 annual survival benefits @15% of sum assured. Thus total returns being 105% of basic sum assured + vested bonus and terminal bonus, if any.
LIC Komal Jeevan is a children’s Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. Komal Jeevan can be purchased by any of the parent or grand parent or legal guardian for a child aged between 0 year to 10 years. The payment of the premium stops at the age of 18 years.
LIC’s Jeevan Anurag is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parents. Benefits under the plan are payable at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy.