LIC’s New Children Money Back Plan 932
AWESOME RETURNS AND BENEFITS FOR CHILD | ₹ | Amount |
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Returns are paid in 3 installments from childs 18th Year, perfect planning for higher education needs etc | ||
1. Money Back @ Child's 18th Year: 20% of SA |   | |
2. Money Back @ Child's 20th Year: 20% of SA | +  | |
3. Money Back @ Child's 22th Year: 20% of SA | +  | |
4. Money Back + Maturity Returns @ Child's 25th Year:     40% of SA + Bonus + Final Additional Bonus : |
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    =     +     +   | +  | |
MONETORY BENEFITS: Total Tax Free RETURNS received as on th Year = | ||
PWB BENEFIT: In case of death of the parent during policy term, all future premiums will be waived off and policy continues with all benefits for the child | +  | |
Total Benefits received by Child = | ||
LOAN BENEFIT : Aproximate maximum loan available |
INSURANCE FOR NOMINEE/FAMILY | ₹ | Amount |
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Child's life is insured till age 25. Insurance amount paid On unfortunate death of child to parents/guardian. | ||
1. Guaranteed life insurance will be paid to parents * | ||
2. As on death bonus paid *: Accumulated Bonus+ FAB | +   | |
Total payable to nominee = 1 + 2 (Tax Free): |
Death benefits illustration is calculated assuming death of life assured occurs before a year of maturity.
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Why you should buy LIC plans?   LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956) |