LIC Scheme: Build a Fund of ₹19 Lakhs with an Investment of Just ₹150—Read the Full Calculation Here..

The Life Insurance Corporation of India (LIC) offers a variety of investment and insurance plans tailored to people across different income groups. Investing in these schemes provides the dual benefit of both financial security and savings. For this very reason, a large number of people in the country regard LIC as a trustworthy investment option. If you are looking to invest for your child's future, LIC's New Children's Money Back Plan could be an excellent choice. By making regular investments in this scheme, you can build a substantial corpus over time—funds that can prove invaluable for covering major expenses such as your child's education or marriage.

Build a Fund of ₹19 Lakhs by Investing ₹150 Daily
Under this scheme, if you invest approximately ₹150 per day—amounting to roughly ₹4,500 per month—you can accumulate a significant fund over the long term. Over the course of a year, these investments would total approximately ₹55,000. If these investments are continued for 25 years, the total invested capital could reach around ₹14 lakhs. Once the bonuses and other benefits payable upon the policy's maturity are added, the total payout could reach up to ₹19 lakhs. This sum can serve as a valuable resource for meeting major financial obligations, such as a child's higher education or wedding expenses.

Start a Policy for Children Aged 0 to 12 Years
LIC's 'New Children's Money Back Plan' is a non-linked and participating insurance policy. Under this scheme, you can initiate investments at any time while the child is between the ages of 0 and 12 years. The plan offers multiple options for premium payments; investors can choose to pay their premiums on a monthly, quarterly, half-yearly, or annual basis. This allows individuals to choose a payment method that aligns with their income and budget.

Money-Back Benefits at Various Ages
A key feature of this scheme is that it offers money-back benefits at different stages of the child's life. When the child reaches the ages of 18, 20, and 22, 20 percent of the sum assured is returned at each stage. Subsequently, at the age of 25, the remaining 40 percent of the sum is disbursed, along with a bonus.

**Investment Limits**
Under this scheme, the minimum sum assured is set at ₹1 lakh, while there is no upper limit on the maximum investment amount. This means that investors can invest according to their financial capacity. The total tenure of this policy is 25 years.

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