Child Plans

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New Children Money Back Plan 832

LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the ducational,marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations.

Eligibility Conditions:

Minimum Basic Sum Assured: Rs. 100,000

Maximum Basic Sum Assured: No Limit

(The Basic Sum Assured shall be in multiples of Rs. 10,000/-)

Age at entry: 0-12years

Maximum Maturity Age: 25 years (nearest birthday)

Premium Term: 25 years

Payment of Premiums: Mly, Qly, Hly, Yly

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Jeevan Tarun Plan 834

LIC's JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years.

Eligibility Conditions:

Minimum Basic Sum Assured: Rs. 75,000