🌟 LIC’s New Children’s Money Back Plan

This plan is a non-linked, participating, money back policy designed specially for children to help parents secure their child’s future needs like education, marriage, or career.

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📘 Main Features:

1. Entry Age of Child: 0 to 12 years
2. Maturity Age: 25 years
3. Minimum Sum Assured: ₹1,00,000 (No maximum limit)
4. Premium Payment Term: Equal to policy term minus 5 years

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💰 Benefits:

1. Survival Benefits (Money Back):

• 20% of Sum Assured paid at age 18
• 20% at age 20
• 20% at age 22

2. Maturity Benefit:

• Remaining 40% of Sum Assured + Bonus at age 25

3. Death Benefit:

If the child (Life Assured) passes away before the policy term, the nominee receives:
👉 Sum Assured on Death + Bonus (irrespective of survival benefits already paid)

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🎁 Additional Features:

• Option to add Premium Waiver Benefit Rider (if parent dies, LIC pays remaining premiums).
• Participates in LIC’s profits – so bonuses are added every year.
• Tax benefits under Sec 80C & 10(10D) of Income Tax Act.

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🧒 Ideal For:

Parents who wish to plan early for their child’s education, marriage, or life goals with guaranteed money back and maturity value.