LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations.
The plan can be purchased by any of the parent or grand parent for a child aged 0 to 12 years.
On death of the Life Assured before the stipulated Date of Maturity provided the policy is in full force, then On death of the Life Assured before the date of commencement of risk: Return of premium/s excluding taxes, extra premium and rider premium, if any.
On death after the date of commencement of risk: Death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as Higher of 10 times of annualized premium or Absolute amount Assured to be paid on Death i.e. Basic Sum Assured.
This death benefit shall not be less than 105% of the total premiums paid as on date of death.
The premiums mentioned above exclude taxes, extra premium and rider premium, if any.
Survival Benefit: On the Life Assured surviving the policy anniversary coinciding with or immediately following the completion of ages 18 years, 20 years and 22 years, 20% of the Basic Sum Assured on each occasion shall be payable, provided the policy is in full force.
Maturity Benefit: On the Life assured surviving the stipulated date of maturity, provided the policy is in full force, Sum Assured on Maturity ( which is 40% of the Basic Sum Assured) along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.
for more inquiry :- email@example.com, Ph- +91-8750650555, 7300690780
Really he worked very Well, well Proffetionaly well manner, I am very happy to serve about his services. (7042XXXX25)
Hi, its good website for LIC Plans. (8791XXXX25)
Hi, thanks for provide me correct information. I am happy with your services. (7895XXXX59)
Your service is great, I loved the your services. Please continues. (9458XXXX42)
Thanks mr. Rakesh your services is really good for me. (8791XXXX02)
Hi, Rakesh your website is rellay good for lic plan i am happy for your website content. (8958XXXX90)
Hello every-one, Mr. Rakesh is a good sale persone and provide to correct information about the lic policy. (7409XXXX32)
Hi I m Amit kumar and i say to mr. rakesh is very good person and give me best information and give me good service about my lic policy. (8909XXXX41)
It's really good webstie. I have found to my best plan and I told to all please check here for the best LIC plan. (8958XXXX75)
Hi, I am Sanjay Sharma and i have call to mr rakesh regarding to my lapse policy and he is best person to continues to my lic policy. (9716XXXX69)
Wow this website is really good and provide to full information about lic every plan it's really nice. I m happy to find good information about my LIC plan. (9411XXXX66)