Information on new children's money back scheme

Information on new children's money back scheme

Information on new children's money back scheme

Today, the expense of training directly from youth is rising quickly.Protection approaches can be a decent path for guardians to manage this use. For a newborn baby girl, LIC Children Plans can prove to be the best fit.

1. New Children's Money Back Plan

This plan helps you to fulfill a variety of needs of children at different stages. The basic eligibility age for this plan is minimum 0 years (time of birth) and maximum 12 years. The total age at maturity is 25 years.

This plan is an individual policy plan.
Maturity benefit will be provided which would be equal to the assured sum and other applicable bonuses.
The premium would be paid quarterly, monthly, annually or half yearly
The minimum sum assured is Rs. 1, 00,000
This policy covers maturity benefit, death benefit and survival benefit.
In this plan, the premium amount is paid at regular intervals. The child receives 20% of the total sum at 18 years of age, 20% each year again at 20 and 22 years of age and the remaining 40% is provided at 25 years of age.

2. Jeevan Tarun Plan

This plan can be a good option for children of 2 years or less. This plan has a limited pay option. You need to pay the premium until the child attains age 20 and the policy is continued until the child is 25 years of ageIt is the best lic policy for new conceived infant girl.
The covering of risk budget can be started when the child attains 8 years, or 2 years from the starting date of plan or policy, whichever comes first.
The premium is to be paid until your child reaches 20 years and you can get the payout after 20 years of age till age 25.
The rest of the sum is given as maturity benefit when the policy terminates. There is also a death benefit of sum which is 10 times the annual premium or 125% of the assured sum. You get the one which is higher and minimum amount of 105% of total amount of premium is paid till the date.

The LIC Child Plan 
Information on new children's money back scheme

Your child is the most important part of your life. Life is unimaginable without your child. It would not be wrong to say that after your child comes into your life; your child inevitably becomes your life. Securing the future of your child so that they can have peace financially and mentally seems like the most important priority. You can do this with the help of the LIC child plan.

The LIC Child Plan is a life insurance plan meant to serve and meet the needs of your child. This secures the future of your new born baby even long after you are not a part of their life. The LIC Child Plan secures the financial future of the child, ensuring the parent of a better life for their child. Your child is the apple of your eye and deserves the best life. Picking the best LIC youngsters plan can be somewhat dubious given the numerous approaches accessible. Some of the best LIC child plans are as follows:

This LIC Child plan is genuinely the best LIC approach for new conceived infant young ladies. It is aimed at serving the various financial needs of the child long after the parent is not present. It works to fulfill the financial requirements at the most important stages of your child, especially a new born baby girl:

Life Cover and
Other needs as a child grows.
These needs are fulfilled by way of the numerous benefits that the policy offers. They are as follows:
The LIC Premium Waiver is probably the best feature that allows a waiver of the premiums, as the name suggests, in case of loss of life of the proposer. This does not cause any financial burden on the child.

As the life assured child reaches the age of 18, 20 and 22, 20 percent of the basic sum assured is paid, given that the policy is active, when the life assured survives the term of the LIC policy.

All of us want our child's educational and academic career to be well-off. The LIC Jeevan Tarun Policy is the perfect way to secure a good education for your child. This is again included in the list of the best policy for new born baby girls. The policy would make sure that your child does not have to depend on anybody for their future. It can be purchased just when the child is born to near about when the child attains 12 years of age. It has numerous benefits as well:

The proposer can arrange for the life assured to get annual payments anytime between the ages of 20 to 24 and the total sum when the policy matures. The portion of the payment can also be set and decided by the proposer.

The maturity benefit makes sure that the life assured is paid a maturity benefit as the percentage of the sum assured is chosen earlier.

To conclude, the best LIC child plan like LIC Jeevan Tarun Policy can give your child a financially stable and sound future.
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