Today, the fee of education proper from early childhood is growing swiftly. Insurance guidelines can be a very good way for parents to address this expenditure. For a new child infant lady, LIC Children Plans can show to be the excellent suit.

1. New Children’s Money Back Plan

This plan lets you fulfill a diffusion of wishes of children at unique levels. The simple eligibility age for this plan is minimum 0 years (time of delivery) and most 12 years. The total age at adulthood is 25 years.

This plan is an person policy plan.
Maturity benefit might be supplied which might be equal to the assured sum and different relevant bonuses.
The premium might be paid quarterly, monthly, yearly or half of yearly
The minimal sum assured is Rs. 1, 00,000
This policy covers adulthood gain, demise gain and survival benefit.
In this plan, the top class amount is paid at ordinary durations. The toddler gets 20% of the entire sum at 18 years of age, 20% every yr again at 20 and 22 years of age and the closing forty% is supplied at 25 years of age.

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