If you want to give your child a wonderful New Year’s gift while also protecting his future, start investing in LIC’s New Children’s Money Back Plan today. Please provide us with more information about this plan.
LIC Program: Now that the new year has begun, you can start thinking about different gift ideas for your child. People’s interest in saving and investing (Money Back Plan) has risen recently. Many parents begin making plans for their child’s future when he is born (New Children’s Money Back Plan). But, believe it or not, if you save even a small portion of your earnings, your child’s future can be changed.
The LIC has a fantastic scheme for you called the New Children Money Back Plan. You can secure your child’s future by investing in this scheme. The money you put into this scheme will be a fantastic New Year’s present for your child.
New Children’s Savings Plan
Start investing in LIC’s New Children Money Back Plan (LIC) today if you want to secure your child’s future. Your child will become a millionaire in the near future with these small savings. Let us tell you that you will only need to save 150 rupees per day to achieve this.
What exactly is this policy?
The New Children Money Back Plan from Life Insurance Corporation is a 25-year policy. The maturity amount is also paid in installments. When your child reaches the age of eighteen, the first payment is made. The child is paid a second time when he reaches the age of 20, and a third time when he reaches the age of 22.
in addition to the bonus
Under the New Children’s Money Back Plan, the life insured receives 20-25% of the sum assured as money back tax. Furthermore, when the child reaches the age of 25, he receives the entire sum. Bonuses are also given with the remaining 40% of the money. If you invest in this policy in this manner, your child will become a millionaire as soon as he reaches adulthood.
Just Rs.150 can be saved.
The annual installment for this insurance, which was started for the child’s future, is Rs 55,000. If you look at it in terms of 365 days, you’ll need to deposit a total of 14 lakh rupees over the course of 25 years. At the same time, you will receive a total of 19 lakh rupees when the bond matures. However, keep in mind that this rule only applies if the insured does not pass away during this time. If you do not want to withdraw the money, you will be paid the full amount, plus interest, when the policy matures.
What is the policy’s specialty?
1. The policy can be purchased at any age between 0 and 12 years old.
2. At the time of maturity, 60% of the money is available in installments and 40% with a bonus.
3. The minimum amount of insurance that can be taken is Rs 1,00,000, and the maximum amount is unknown. ,
4. If the installment payments are not made, a lump sum payment with interest is available.
These documents are required to implement the policy.
1. This policy requires an Aadhar card, a PAN card, and parental address proof.
2. The insured’s medical requirements.
3. To purchase the policy, fill out a form at any LIC branch or obtain one from an agent.
4. If the insured dies during this time, the insurance company pays 105 percent of the premium.
