How to insure children?

By | August 30, 2022

 It is very important to secure the future of children. For this, you can invest in a good place in the name of your children. So that later on their education expenses or other needs can be easily met. You can invest in different schemes of LIC for future planning of your children. The country’s largest public sector insurance company Life Insurance Corporation of India is still trusted by crores of people of the country. That’s why investing in LIC’s schemes is considered very safe. To secure the future of children, LIC has a very special policy called New Children Money Back Plan. In such a situation, if you also want to invest in a good place for your children, then you can invest in this scheme of LIC. Let’s know the special things about this scheme…

Key Features of New Children’s Money Back Plan

 The age limit for the children to take the policy is from zero to 12 years

 You can invest up to a minimum of Rs 1 lakh in this insurance and there is no maximum limit

 The most important thing is that in this policy 60 percent money is available as money back and 40 percent with bonus at the time of maturity.

These documents are necessary to take the policy

 Aadhar card, PAN card and address proof of parents are required for this policy.

 insured’s medical

To take LIC’s new children money back plan, one has to fill a form by visiting any LIC branch or by taking an agent. For this, you have to save only 150 rupees everyday. If you look at it according to 365 days, then in 25 years you have to deposit a total of 14 lakh rupees. You get a total of Rs 19 lakh on maturity. If the insured dies during this period, 105 percent of the premium of the insurance is paid.

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