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LIC Children Education & Marriage planning
LIC’s children plans offers guaranteed returns for the secured future of your child, it may be for the education of the child or marriage or generation of wealth.
Child Insurance Plans began from the Child age 0.
Planning for your child’s future is an ongoing process; a small investment in time can save your child's future from the uncertainties of life. Even if you are not there to stand by his side, he will be secure, happy and independent.
In all kinds of Child Insurance Policies provided by LIC, the child is the beneficiary which means is case of the death of the parent; it is only the child who will get monetary benefit and nobody else.
Parents must select a policy which suits their budget as well as their child's future. Sum assured or guaranteed returns are the main features of child plan.
All Child policies from LIC comes under Section 80C of the Income Tax Act, 1961.
Plans available for childrens
Secure Child
Secure Child is a combination of LIC Plans specially researched to meet the objective of securing your child’s future. In the unfortunate event of proposers early death, the premiums on the policies will cease immediately. The returns, however will be received in the years as indicated in this Plan.
Jeevan Kishore
This is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.
Komal Jeevan
This 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. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.
Jeevan Anurag
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 parent on his or her own life. 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.
Jeevan Chhaya
This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.
Child Career
Policy would be child's name, maturity benefits would be paid to him/ her directly from 18 to 23 years. This policy is mainly for the education of the child. Maximum benefits at the begining of the term.
Child Future
This policy is mainly for the education of the child. Policy would be child's name, maturity benefits would be paid to him/her directly from 18 to 23 yrs. Maximum benefits at the end of the term.
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