LIC Policy LIC New Children’s Money Back Plan Know Benefits

LIC New Children Money Back Plan: If you are also the parent of a child, then you must be worried about his future. In such a situation, we are going to tell you about the wonderful plan of Life Insurance Corporation of India ie LIC. With the help of which you can secure the future of your children. Along with this, many other benefits can also be availed. Know what is this policy and how will you get its benefits.

New Children’s Money Back Plan

The name of this policy has been kept as New Children’s Money Back Plan (LIC New Children’s Money Back Plan), through which you can make a good investment for your children by investing Rs 10,000. By the way, people have a lot of faith in LIC, people consider it very safe by investing their hard-earned money. In this policy, from adults to children, many benefits are available in this policy.

What are the benefits of the plan

LIC’s New Children’s Money Back Plan is such a plan, in which you can take a policy for children between the age of 0 years to 12 years. A minimum investment of Rs 10,000 has to be made in this. Also, there is no limit for investment for the maximum amount. The taker of this policy gets 20% of the sum assured back at the age of 18 years, 20 years and 22 years.

Coverage is available in the policy

LIC New Children Money Back Plan is a life insurance policy designed to provide financial security to children. The plan offers multiple benefits like life insurance coverage, regular income and money back at specific intervals, so that the investment is assured and the child’s needs are met in time in case of an unfortunate event.

This is the benefit of the policy

  • Any parent can take this policy for a child between the age of 0 to 12 years.
  • The plan includes life cover for the child to secure the financial needs of the family in case of unforeseen events.
  • This plan helps in meeting the needs of the child during his formative years.
  • The plan offers money back facility at specified intervals to meet the education and infrastructure needs of the child.
  • You can avail this plan under Section 80C and 10(10D) of the Income Tax Act for both the premium paid and the maturity amount received.

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