LIC New Children Money Plan:
Here Now We Will Discuss About LIC Introduce New Children Money Plan. Are You Looking For the Best policy for your child’s future? Life Insurance Corporation of India-LIC is offering a New Children Money Back Plan. This is a money-back policy. This means that you can get the money back as you wish, keeping in mind the education, marriage, and other needs of the children.
It is a Non-Linked, Participating, Individual, Life Insurance, Savings Plan. This policy can be taken as soon as the children are born. LIC New Children Money Plan can be availed with a sum insured of at least Rs.1,00,000. There is no maximum limit. The policy can be taken in the name of the child by the parents or grandparents of the child.
For example, a child under 0 years with a sum assured of Rs.1,00,000 has to pay a premium of Rs.4327. Rs 5,586 premium for 5-year-olds, Rs 7,899 premium for 10-year-olds and Rs 9,202 premium for 15-year-olds.