LIC Scheme: You will forget FD-RD in front of this most amazing scheme of LIC, create a fund of lakhs by saving Rs 150 daily..

The Life Insurance Corporation of India (LIC) offers several schemes for people of all ages and incomes, offering investment safety and benefits. Investing in these schemes not only provides financial security for the future but also timely bonuses and profits. LIC has launched the New Children's Money Back Plan, specifically designed for children's future. By investing in this plan, parents can build a strong fund for their children's education, marriage, and other needs. This LIC plan is considered a safe, reliable, and long-term investment option.

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

If you want to make a secure investment for your children's future, the LIC New Children's Money Back Plan is an excellent option. By saving just ₹150 daily under this scheme, you can build a corpus of up to ₹19 lakh in the future. This fund can be used for your child's education, marriage, or other important needs. Yes, this plan is non-linked and participating, allowing you to start investing for children aged 0 to 12 years. This plan, which offers safe, reliable, and long-term benefits, is ideal for parents.

How to Fund ₹19 Lakh with the LIC New Children's Money Back Plan

If you start investing in the LIC New Children's Money Back Plan for your child's future by saving ₹150 daily, you will accumulate approximately ₹4,500 each month. This amount translates to approximately ₹55,000 annually. If you invest consistently for 25 years, your total contribution will reach approximately ₹14 lakh. After adding the bonus and interest earned upon policy maturity, this fund can reach approximately ₹19 lakh. This amount will prove helpful in meeting major expenses like your child's education, higher education, or marriage. This plan is highly beneficial for safe and reliable investments.

The Complete Premium Game

The premium payment option in LIC's New Children's Money Back Plan is extremely flexible. You can pay monthly, quarterly, half-yearly, or annually. This feature makes investing convenient and easy, tailoring your budget and income to your child's future.

LIC's New Children's Money Back Plan is a Money Bank
Under LIC's New Children's Money Back Plan, children receive money back benefits at certain ages. When the child turns 18, 20, 22, and 25, a portion of the investment amount is returned as per the policy. At the ages of 18, 20, and 22, 20% of the sum assured is returned, while at the age of 25, the remaining 40% is returned along with a bonus. This plan proves helpful in creating funds for children's education, higher education, or major expenses.

What is the sum assured?
The minimum sum assured in this plan is ₹1 lakh, while there is no maximum limit. Therefore, you can invest as much as you wish according to your financial capacity. The policy has a maturity period of 25 years. If the policyholder passes away before the policy term is over, the nominee receives a fixed sum assured. This amount is at least 105% of the total premiums paid and can be higher with the sum assured and accrued bonuses. (Note: This news is based on general information; for more details, visit the LIC website.)

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