LIC — Money Back Plans

LIC's New Children's Money Back Plan (Plan 732)

RECOMMENDED

Premium

₹55/Day

Sum Assured

₹1 Lakh - No Limit

Term

25 years (from child's birth)

Premium Paying

20 Years

Key Features

20% of SA paid at ages 18, 20, 22, and 24 (4 survival benefits)

Remaining 20% + bonus paid at maturity (age 25)

Premium waiver if proposer dies during policy term

Life cover continues even without premium payment

Bonus participation from year 1

Loan facility available

Tax benefits under Section 80C & 10(10D)

Maturity proceeds are tax-free under 10(10D)

Sum Assured on Maturity + Vested Reversionary Bonuses + Final Additional Bonus

Sum of remaining survival benefits + Vested Bonuses + Death Benefit (not less than 105% of premiums paid)

Premium Waiver Benefit RiderAccident Benefit Rider

Child: 0-12 years, Proposer: 18-55 years. Min SA ₹1 Lakh.

Money back at every education milestone - school, college, higher studies, career