LIC Policy: By investing Rs 150 every day in this policy of LIC, you can become worry-free for the education and marriage of children. The age limit to invest in the policy is zero to 12 years. Investors can take 60 per cent of the total amount in installments and 40 per cent with bonus at the time of maturity.
LIC Policy: Life Insurance Corporation of India (LIC) offers many safe insurance plans, which provide guaranteed and impressive returns to the investors. There is one such LIC policy which is called New Children Money Back Plan. By investing in this, the child’s education or marriage can be secured
By investing in the scheme, you can ensure a bright future for the child. LIC Children Money Back Plan can help you save lakhs of rupees in a jiffy by investing just Rs 150 per day.
The New Children Money Back Plan comes with a maturity period of 25 years. You can decide to receive the maturity amount in installments. As soon as your child turns 18, you will start getting installments.
The second installment is paid when the child turns 20 and the third installment is deposited when the child turns 22. When the child turns 25, the entire amount is deposited in the beneficiary’s bank account.
At that time the beneficiary gets 40 percent of the amount along with the bonus. Insurance also provides sum assured benefits.
In this plan, you have to save around Rs 55,000 annually, approx Rs 150 per day to secure the future of your child. In 25 years, you will have to deposit a total of Rs 14 lakh. In return, you will get a benefit of Rs 19 lakh on maturity.
The age limit to invest in the policy is zero to 12 years. Investors can take 60 per cent of the total amount in installments and 40 per cent with bonus at the time of maturity.
Under the insurance plan, the minimum sum assured is Rs 1,00,000 while there is no upper limit. If the payment is not taken in installments, then a lump sum amount along with interest is provided at the time of maturity.
