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Product Information
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Plan No. 932
  • LIC's New Children's Money Back plan has been designed to meet the educational & other needs of the child
  • This plan offers the guaranteed 20% of Sum Assured to the child on the completion of ages 18, 20 & 22 Years
  • The customer has the option to defer these pay-outs
  • On Maturity, child gets the guaranteed 40% of Sum Assured along with Yearly Bonus & Final bonus
  • In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in instalments
  • LIC also offer the discount in the premium in case the mode of payment is Yearly
  • The loan is also available to the policyholder after the completion of 1 year of the policy
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 13 Years (Completed) 45 Years (Near Birthday)
Policy Term 25 Years
Premium Payment Term 20 Years
Basic Sum Assured Rs.1 Lac No Limit
Maximum Maturity Age 70 Years Completed
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