LIC New Children's Money Back Plan
A participating, non-linked money back plan from LIC of India designed around children's needs.
Overview
LIC New Children's Money Back Plan is offered by LIC of India as a participating money back plan intended to support education and other needs of children, with survival benefits at specified intervals as per the official brochure.
Key features
- Designed around a child's future financial needs
- Payout schedule as defined in the official brochure
- Proposer and child eligibility limits set by LIC
Eligibility
- Entry age, maturity age, minimum and maximum sum assured and policy term limits are prescribed by LIC in the official brochure
- Eligibility is subject to underwriting and the insurer's current rules
- Speak to the advisor for a personalised eligibility check
Benefits
- Death benefit as defined in the official policy conditions
- Maturity or survival benefit where applicable to this plan type
- Tax treatment depends on prevailing law and individual circumstances — confirm independently
Policy term & premium payment
- Policy term
- As specified in the official LIC brochure
- Premium frequency
- Yearly / Half-yearly / Quarterly / Monthly (as permitted by LIC)
Who may consider this plan
Parents or grandparents planning for a child's future needs.
Important notes
Survival benefit percentages and age limits are as defined in the official LIC brochure.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.