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Plan No. 932
  • LIC's New Children's Money Back plan has been designed to meet the educational & other needs of the child
  • This plan offers the guaranteed 20% of Sum Assured to the child on the completion of ages 18, 20 & 22 Years
  • The customer has the option to defer these pay-outs
  • On Maturity, child gets the guaranteed 40% of Sum Assured along with Yearly Bonus & Final bonus
  • In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in instalments
  • LIC also offer the discount in the premium in case the mode of payment is Yearly
  • The loan is also available to the policyholder after the completion of 2 years of the policy
  • Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 0 Years (Last Birthday) 12 Years (Near Birthday)
Policy Term 25 - Age at Entry
Premium Payment Term 25 - Age at Entry
Basic Sum Assured Rs.1 Lac No Limit
Maximum Maturity Age 25 Years
Rider LICís PREMIUM WAIVER BENEFIT RIDER (PWB)
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