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Plan No. 932Child Insurance
LIC's New Children's Money Back Plan
"Securing your child's educational milestones."
A participating non-linked children's plan tailor-made to meet educational needs.
Key Features
- ✓Milestone Payouts at age 18, 20, and 22.
Eligibility Criteria
Minimum Age0 Years
Maximum Age12 Years
Minimum TermMaturity at 25
Maximum TermMaturity at 25
Min Sum Assured₹ 1,00,000
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
Sum Assured on Death + Bonuses (after risk start).
Survival Benefit
20% of BSA at age 18, 20, 22.
Maturity Benefit
40% of BSA + Bonuses at age 25.
Real-World Example
ProfileParent buying for a 0-Year-Old Baby
Sum Assured₹ 10,00,000
Term Details25 Years (Matures at child's age 25)
Annual Premium₹ 42,000 / Year
Expected Returns₹ 2L at ages 18, 20, 22 + ₹ 12L Maturity
How it Works
When the child turns 18 (college start), LIC pays ₹ 2 Lakhs. At 20 (mid-college), another ₹ 2 Lakhs. At 22 (graduation), another ₹ 2 Lakhs. At 25 (marriage/business), the child receives ₹ 4 Lakhs plus around ₹ 8 Lakhs in bonuses.