End Your Worries About Education and Marriage! These LIC Plans Will Serve as a Strong Pillar of Support..

Every parent desires that their child's education and marriage be completed without any financial hurdles. Keeping this specific need in mind, the Life Insurance Corporation of India (LIC) has introduced several specialized schemes. The most significant feature of these schemes is that, even if an unfortunate event were to befall the policyholder, the child's future remains secure. Here, we explain three of LIC's popular schemes in simple, easy-to-understand language.

**Jeevan Lakshya Plan**
Jeevan Lakshya is a plan that offers the dual benefits of both protection and savings. In the event of the policyholder's untimely demise, the family continues to receive a portion of the assured sum annually. Furthermore, upon the maturity of the policy, a lump sum amount along with a bonus is paid out. This plan is particularly well-suited for parents who wish to secure funds in advance for major future expenses, such as their children's education and marriage.

**Jeevan Tarun Plan**
This scheme has been designed with a specific focus on securing a child's future. Under this plan, payouts commence once the child attains the age of 20, and payments continue to be disbursed in various forms until the child turns 25. The primary objective of this scheme is to build a robust financial corpus to support the child's higher education and the commencement of their professional career.

**New Children's Money Back Plan**
This scheme features periodic payouts at regular intervals. Specific amounts are disbursed when the child reaches the ages of 18, 20, and 22; subsequently, the remaining balance—along with an accrued bonus—is paid out when the child turns 25. A standout feature of this plan is that, in the unfortunate event of the policyholder's death, all future premium payments are waived; nevertheless, the child continues to receive all the benefits promised under the policy.

**Why Choose These Schemes?**
These three schemes serve not only as excellent savings instruments but also provide a vital layer of financial security for your children's future. If you are seeking a secure and well-planned financial backup for your child, these schemes could prove to be invaluable assets.

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