LIC Plan: At present, the interest of people in saving and investing (Money Back Plan) has increased. With the birth of a child, many parents start making plans for their future (New Children Money Back Plan). But let us tell you that if you save even some percentage of your earnings, then your child’s future can change.
LIC brings to you a great plan – New Children Money Back Plan. You can protect the future of your child by making an investment in this scheme. The investment made in this scheme will prove to be the best new year gift for your child.
New Children Money Back Plan
If you want to protect your child’s future, then start investing in LIC (LIC Child Plan in Hindi 2021) plan New Children Money Back Plan (LIC) today. Your child will eventually become a millionaire with these meager savings. Let us tell you that for this you will have to save only 150 rupees daily.
What is this policy
Life Insurance Corporation’s New Children Money Back Plan insurance is valid for 25 years. Additionally, you receive the maturity amount in payments. When your child turns 18, you start paying for it. The youngster receives this reward a second time when he is 20 and a third time when he turns 22.
amount plus bonus
Under the New Children Money Back Plan, the insured gets 20-20 percent of the sum assured as money back tax. Additionally, the full sum is returned to the child when he becomes 25. Additionally, a bonus is paid with the remaining 40%. Your child will become a millionaire as soon as he turns 18 by making this investment in the policy.
Save only Rs.150
The annual installment for this insurance, which was initiated for the benefit of the child, is Rs 55,000. If seen according to 365 days, in 25 years you have to deposit a total of 14 lakhs. At the same time, on maturity, you get a total of 19 lakh rupees. But keep in mind that this rule is applicable only if the life insured does not die during this period. If you do not wish to withdraw, you will get the full amount including interest on the maturity of the policy.
What is the specialty of this policy
1. The age limit for taking the policy is zero to 12 years.
2. At maturity, 40% of the funds are available as a bonus and 60% are available in installments.
3. The highest amount under this is unknown, and minimum insurance of Rs. 1,000,000 can be taken.
4. If installments are not paid, a lump sum amount with interest is given.
These documents are necessary to take the policy
1. Aadhar card, PAN card, and address proof of parents are required for this policy.
2. Medical needs of the insured.
3. To take the policy, one has to go to any branch of LIC or fill out the form from any agent.
4. If the Life Assured dies during this period, 105 percent of the insurance premium is paid.
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