LIC: Save Rs. 150 daily in this amazing LIC scheme and build a fund worth lakhs of rupees..

New Children’s Money Back Plan: The Life Insurance Corporation of India (LIC) has enjoyed people's trust for years. This is why LIC continuously launches various plans for people of all ages, from children to the elderly. Now, if you are worried about securing your child's future, an LIC scheme can help you with that too. We are talking about the LIC New Children's Money Back Plan, which is specifically designed to secure children's futures. Through this scheme, parents can invest and accumulate funds in time for major expenses such as their children's education, higher education, and marriage.  It also offers insurance coverage, money-back benefits at fixed intervals, and bonuses. So, let's learn everything about it from A to Z.

What is LIC's New Children's Money Back Plan?

The LIC New Children's Money Back Plan is a safe plan for children's future.
Investment can be started with a daily saving of just ₹150.
In the long term, this can create a fund of approximately ₹19 lakhs.
This amount can be used for education, marriage, and other major expenses.
This is a non-linked and participating plan.
It is not directly affected by market fluctuations.
The policy can be taken for children aged 0 to 12 years.
Money-back benefits are also available at intervals.
It provides life cover and bonus benefits.
This is an ideal plan for parents seeking secure returns.

How to build a ₹19 lakh fund?
Investment in this scheme can be started with a daily saving of ₹150.
This means an investment of approximately ₹4,500 per month.
Approximately ₹55,000 is deposited annually.
The total contribution over 25 years is approximately ₹14 lakhs.
Bonuses and interest are added separately at maturity.
The total fund can reach approximately ₹19 lakhs.
This amount can be used for children's education and marriage. This policy is very beneficial as a safe and secure option. LIC

Understand the Premium Payment Process
Premium payment in the LIC New Children's Money Back Plan is completely safe.
You can pay premiums monthly, quarterly, half-yearly, or annually.
This flexibility makes investment easy for all types of budgets.
Regular and safe payments strengthen the habit of saving.
Even low-income individuals can easily start investing.
A long-term fund is created without any pressure.
This flexibility proves helpful in securing a safe future for children.

When do children receive this money back?
In the LIC New Children's Money Back Plan, the child receives money back at a predetermined age.
This money back is given at the ages of 18, 20, 22, and 25 years.
At the age of 18, 20% of the sum assured is returned.
At 20 years, another 20% is received.
At 22 years, 20% of the amount is returned.
At 25 years, the remaining 40% is given.
The benefit of a bonus is also received on the final payment.
This amount is very useful for studies and higher education.
This plan provides strong financial support for major expenses.

Understand everything from Premium to Sum Assured.
In this plan, the minimum sum assured starts from ₹1 lakh.
There is no limit on the maximum sum assured.
You can invest according to your income and capacity.
The policy maturity period is 25 years.
If you invest for the entire term, the full fund is received at maturity.
In case of the policyholder's death, the nominee receives the sum assured.
The nominee receives at least 105% of the premium amount.
This is added to the sum assured and accumulated bonus.
This amount provides financial security to the family.
This plan is best for long-term safe investment. For more information, it is best to visit the official LIC website. (Note: This article is for informational purposes only and should not be considered as investment advice.  It is recommended to consult with financial advisors for investment decisions.)

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