New Children’s Money Back Plan

Life Insurance Corporation (LIC) has brought a special policy for your children. Its name is ‘New Children’s Money Back Plan’. With this you can make your child’s future safe. If you make a good investment in this policy, by the time your child completes his studies, he will become a millionaire.

Children of 0 to 12 years can be added to this policy of LIC. At least 10 thousand rupees must be invested in this policy. There is no limit to the maximum amount.

The total term of this policy is 25 years and on completion of 18 years, 20 years and 22 years of the child, an amount of 20-20% is also paid on the basis of basic sum insured. Apart from this, the policy holder gets 40% on completion of 25 years.

With this, if the policyholder dies before the completion of the policy term, then the Sum Assured plus the implied simple reversionary bonus and the last additional bonus are also given.

Source: Krishi Jagran