- LIC’s New Children’s Money Back plan has been designed to meet the educational & other needs of the child
- This plan offers the guaranteed 20% of Sum Assured to the child on the completion of ages 18, 20 & 22 Years
- The customer has the option to defer these pay-outs
- On Maturity, child gets the guaranteed 40% of Sum Assured along with Yearly Bonus & Final bonus
- In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
- This plan also has the option of taking the Maturity proceeds in installments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in installments
- LIC also offer the discount in the premium in case the mode of payment is Yearly
- The loan is also available to the policyholder after the completion of 1 year of the policy
- Jeevan Lakshya is the ideal plan to protect your goals & needs as this plan offers the regular income to the family in case of an unfortunate event
- In case of any unfortunate event premium ceases & Annual Income Benefit is paid to the family every year till maturity which is 10% of Sum Assured. On Maturity, 110% of Sum Assured is paid along with vested Bonus & final bonus, if any
- The benefits under this plan are tax-free
- This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover
- This plan also has the option of taking the Maturity proceeds in installments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in installments
- LIC also offer the discount in the premium in case the mode of payment is Yearly
- The loan is also available to the policyholder after the completion of 1 year of the a policy
- This plan has been specially designed to meet the career needs of your child
- You have the option to choose the nature of pay-outs to match the need of your child. The plan offers the benefit in instalments or lump sum as chosen by the customer
- This plan also offers the Guaranteed risk cover of 125% of the Sum Assured
- The premium is payable only for a limited period under this plan
- On Maturity the child gets the Sum Assured along with Vested Bonus and Final Bonus, if any
- This plan also has the premium waiver benefit where the premium is paid by the LIC in case of any unfortunate event
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in installments
- LIC also offer the discount in the premium in case the mode of payment is Yearly
- The loan is also available to the policyholder after the completion of 1 year of the policy