(Plan No. 932, UIN No. 512N296V02)
LIC’s New Children’s Money Back Plan is NOT linked with share market,
is Participating in LIC's profits,
Individual, Life Assurance money back plan. This plan is specially designed to meet the educational, marriage and
other needs of growing children through Survival Benefits.
In addition, it provides for the risk cover on the life of child during the policy term
and for number of survival benefits on surviving to the end of the specified durations.
The plan can be taken by any of the parent or grand parent for a child aged 0 to 12 years.
Survival Benefit
When child reaches ages 18 years, 20 years and 22 years,
20% of the Basic Sum Assured on each occasion shall be payable,
provided the policy is in -force.
Maturity Benefit
At the end of the policy term, provided the policy
is in-force, “Sum Assured on Maturity” i.e. 40% (60% already paid)
plus vested Simple Reversionary Bonuses plus
Final Additional Bonus, if any, shall be payable.
