LIC's New Children Money Back Plan: Eligibility, Premium, total Sum Assured And alternative Key Details

LIC's New Children Money Back Plan: Eligibility, Premium, total Sum Assured And alternative Key Details

LIC's New Children's Money Back Plan: Eligibility, Premium, total Sum Assured And alternative Key Details

LIC Children Money Back plan: LIC's New Children's Money Back set up may be purchased by the parent or forebear for a baby aged between zero to twelve years.
LIC New Children's Money Back Plan: Eligibility, Premium, total Sum Assured And alternative Key Details

LIC's Children's Money Back Plan: life insurance firm provides a term of twenty five years underneath this policy

Life Insurance Corporation of India, the country's largest life I surance company, is giving Associate in  insurance-cum-investment policy for youngsters. The New Children's Money Back plan set up is meant to fulfill the tutorial, wedding and alternative wants of growing youngsters through survival advantages, per LIC's web site - licindia.in. additionally, it provides for the chance cowl on the lifetime of kid throughout the policy term and a slew of survival advantages on living to the tip of the desired period, per the LIC web site. LIC offers a spread of insurance, retirement program, endowment, unit-linked, insurance and a money back product. (Also Read: LIC Money Back Plan-20 Years: Premium, Money Back, alternative Details Here)

Here area unit details of the premium and therefore the total assured applicable to the New Children's Money Back set up likewise because the advantages lined underneath this LIC policy:

LIC's New Children's Money Back set up may be purchased by the parent or forebear for a baby aged up to twelve years for a minimum total assured of Rs one 100000, and in multiples of Rs ten,000 thence, per the LIC web site. (Also Read: LIC Jeevan Lakshya Plan: Premium, Maturity advantages, alternative Details Here)


LIC's New Children's Money Back Plan set up doesn't has any limit for the utmost total assured for the policy.

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LIC's New Children's Money Back Plan: Eligibility, Premium, total Sum Assured And alternative Key Details

The policy term for LIC's New Children's Money Back Plan set up is twenty five years and just in case the age at entry of the life assured is a smaller amount than eight years, the chance underneath this set up can start either in the future before the completion of 2 years (from the date commencement of policy) or in the future before the policy day of remembrance coinciding with or in real time following the completion of eight years elderly, whichever is earlier, per LIC. (Also Read: LIC Jeevan Shanti Plan: Premiums, Pensions, alternative advantages Here)

Here area unit a number of the money back advantages offered by LIC underneath its New Children's Money Back Plan:
Under this set up, LIC pays out twenty per cent of the fundamental total assured to the policy holder once the kid completes ages of eighteen years, twenty years and twenty two years every. The remaining forty per cent quantity are going to be collectable to the policy holder on the tip of twenty five years at the side of unconditional easy stake bonuses and final further bonus. (Also Read: LIC Jeevan Labh Policy: Premium, Eligibility, total Assured, alternative advantages Here)

LIC has shared the subsequent sample premium rates (per Rs 1,000) applicable to the New Children's MoneyBack Plan:
in
Age                       Premium (1000 ₹)
0                            44.15
5                            57.00
10                            80.60
12.                             93.90
Source : licindia.in


LIC's New Children's Money Back Plan: Eligibility, Premium, total Sum Assured And alternative Key Details

Non-payment of the premium among the grace amount ends up in policy lapse. A nonchurchgoing policy may be revived among a amount of 2 consecutive years from the date of 1st unpaid premium however before the date of maturity, per LIC.

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