Buy LIC Child Plan Online

As parents, we always want to ensure a secure future for our children. From their education to their overall well-being, we strive to provide them with the best opportunities in life. To cater to the needs of growing children, LIC (Life Insurance Corporation) offers a range of best child plans Buy LIC Policy Online for Child that can be conveniently purchased online. This allows you to plan for your child’s future from the comfort of your own home.

LIC Child Plan allows you to secure your child’s future and fulfill their aspirations without any financial burden. Offering the best policy for children LIC Jeevan Tarun Plan, this plan not only provides a comprehensive coverage but also guarantees premium returns. Additionally, LIC presents various options such as Jeevan Tarun Plan, LIC Jeevan Lakshya Plan, and LIC New Children Money Back Plan, enabling you to choose the best plan that suits your child’s needs and requirements.

The LIC Jeevan Lakshya plan Buy LIC Jeevan Lakshya Plan Online is a limited premium endowment plan that offers a combination of savings and protection, ensuring your child’s dreams are secured even in unforeseen circumstances. The LIC Jeevan Tarun plan LIC Jeevan Tarun Plan provides survival and death benefits for your child’s education. Even in unfortunate events, provide a regular stream of income to meet your child’s educational and career needs. Additionally, the New Children’s Money Back Plan LIC Child Education Plan offers periodic payouts to meet the child’s education, marriage, and other milestones.

LIC, a top Indian insurer, offers a user-friendly online platform to buy the best child plan LIC Child Plan Online Purchase with convenience. Say goodbye to physical documentation and paperwork. Enjoy secure transactions and flexible premium payment options like cards and UPI. Choose LIC for hassle-free coverage for your children and convenient experience for policyholders, making transactions seamless and secure.

Investing in a LIC child plan not only secures your child’s future but also provides tax benefits. So why wait? Choose an LIC child plan today and give your child a head start in life.

Buy LIC Child Plan Online
LIC Jeevan Lakshya plan online

LIC's New Jeevan Lakshya Plan

LIC's Jeevan Lakshya plan is an ideal choice as a Child plan, providing dual benefits. In the unfortunate event of the policyholder's demise during the policy term, it offers an annual income of 10% of the Sum Assured until maturity.

  • About the plan
  • Benefits
  • Tax Saving
  • Eligibility

LIC New Jeevan Lakshya Plan Online

The LIC Jeevan Lakshya Plan is categorized as a With-Profits Endowment Assurance plan. This is a limited premium paying, non-linked plan. Premiums for this policy must be paid for 3 years lesser than the policy term. By being non-linked it guarantees an assured sum and bonuses as a maturity or death benefit. In case the policy holder survives the term of the policy, this sum will be paid as a lump sum maturity benefit. In the case of his death within the term of the policy, the nominee will receive 10% of the assured sum every year till the plan matures. Premiums do not have to be paid for the remaining policy term. On maturity, the nominee will again receive the sum assured and bonuses.

Reasons to buy this plan:

A complete family protection plan,
readmore > especially for your little one. readless

In case of unfortunate event : (a) Full waiver of
readmore > remaining premium (b) Annual income is paid every year to family (c) Lump sum amount is paid at the end of the policy term readless

Enjoy double Tax benefits, on Premiums
readmore > paid and all returns from LIC readless

Benefits of buying LIC New Jeevan Lakshya Plan Online

  • Assured returns with LIC trust and the Government Sovereign guarantee
  • In case of unfortunate event : a) Full waiver of remaining premium b) Annual income is paid every year to family c) Lumpsum amount is paid at the end of the policy term
  • Enhanced risk cover with accident coverage
  • Returns not linked to any share market
  • Enjoy Tax benefits on Premiums paid and returns
  • Easy liquidity through loans and Surrender of policy
  • Premium holiday for last 3 years of policy term

Tax Saving Benefit of LIC New Jeevan Lakshya PLan Online

All premiums paid on LIC Jeevan Lakshya policies qualify for tax exemption under Sec. 80C of the Income Tax Act. Also, the maturity amount earned by a policyholder is free from tax under Sec. 10D of the Income Tax Act.

Who can buy New Jeevan Lakshya LIC Policy Online?

  • Minimum age : 18 years (Completed)
  • Maximum age : 50 years
  • Maximum maturity age : 65 years
  • Policy Term : 13 years to 25years

LIC's New Children's Money Back Plan

This is a conventional, non-linked, money-back policy with regular premium payments and a profit-sharing plan.

  • About the plan
  • Benefits
  • Tax Saving
  • Eligibility

LIC’s new children’s money back plan online

Insurance isn’t only for adults. An insurance policy for children can be a good way to save money for their future. LIC New Children Money Back LIC Insurance Plans for Children Plan 832 is a non-linked, with-profit, regular premium payment Money back plan. This plan is designed to help parents meet the expenses of a growing child. In addition, the children’s life is also insured by this policy.

Reasons to buy this plan:

You can expect guaranteed Money back payouts at
readmore > regular intervals, specifically when your child reaches the ages of 18, 20, 22, and 25 years. readless

Premium Waiver Benefit rider available, in case of
readmore > unfortunate death of parent, all future premiums are waived readless

Benefit from triple tax: on the premiums you pay,
readmore > the money-back payouts, and the maturity returns. readless

Benefits of LIC’s New Children’s Money Back Plan Online

  • Plan available from new born to age 12 years
  • Get guaranteed Money back payouts at fixed intervals
  • Tax-free lumpsum amount at end of policy term
  • If opted for Premium Waiver Benefit, All premiums are waived in case of unfortunate event of parent.
  • Easy liquidity by way of Loan & Surrender
  • Triple tax benefit: on Premiums paid, Money back payouts and Maturity returns

Tax Saving Benefit of New Children’s Money Back Plan Online

One of the most popular Life Insurance plan is the Child plan. Child plan has some great advantages i.e., Providing money back at the important milestones of your child. It helps in Tax savings on the premiums paid under section 80C and also all maturity proceedings are Tax free under section 10, 10(d)

Who can buy LIC New Children’s Money Back Policy Online?

  • Minimum age : 0 years
  • Maximum age : 12 years
  • Policy Term : 25 minus (-) Age at entry
  • Minimum Sum Assured : Rs. 1,00,000
  • Maximum Sum Assured : No limit

LIC's New Jeevan Tarun Plan

Get attractive payouts at important stages of your child's education, because children grow up very fast!

  • About the plan
  • Benefits
  • Tax Saving
  • Eligibility

LIC Jeevan Tarun Plan Online

LIC Jeevan Tarun has a limited pay option and is a participating endowment plan. It has been designed to meet the children’s future educational needs with an insurance cover in the case of the children’s untimely demise.

Reasons to buy this plan:

Get a Lumpsum on maturity (or) can choose
readmore > Money back payouts from child age 20 to 25 years readless

Limited premium payment plan, get a premium
readmore > holiday for last 5 years readless

Premium Waiver Benefit rider available, in case of
readmore > unfortunate death of parent , all future premiums are waived readless

Benefits of LIC Jeevan Tarun Plan Online

  • Plan available for child from age 90 days to 12 years
  • Option to take Lumpsum on maturity (or) Money back from age 20 to 25 years
  • Flexibility to choose Money back at 5%,10% or 15% of Sum assured
  • Limited premium payment plan, get a premium holiday for last 5 years
  • If opted for Premium Waiver Benefit, All premiums are waived in case of unfortunate event of parent.
  • Easy liquidity by way of Loan & Surrender
  • Triple tax benefit: on Premiums paid, Money back payouts and Maturity returns

Tax Saving Benefit of LIC Jeevan Tarun Plan Online

One of the most popular Life Insurance plan is the Child plan. Child plan has some great advantages i.e., Providing money back at the important milestones of your child. It helps in Tax savings on the premiums paid under section 80C and also all maturity proceedings are Tax free under section 10, 10(d)

Who can buy LIC Jeevan Tarun Plan online?

  • Minimum age : 90 days completed
  • Maximum age : 12 years
  • Policy Term : 25 minus (-) Age at entry
  • Premium paying term : 20 minus (-) Age at entry
  • Minimum Sum Assured : Rs. 75,000
  • Maximum Sum Assured : No limit

Steps to Buy LIC Child Plan Online Best Child Life Insurance Plans

1. What is child education insurance plan?

Usually, insurance plans are opted for the life coverage of the insurer (policy holder), but with the rising future costs of education of children; Child Insurance plans are now be a lucrative investment vehicle to create wealth for the child’s financial planning.

2. How do I choose an insurance plan for my child?

Estimate the costs of education now and considering 7% inflation per year, calculate how much you will need depending on the age of your child when he/she will be ready for graduation or post-graduation studies. To give an example; an MBA costing about 15lakhs in a premier institution today will cost you double after 10 years.

3. When should you start planning?

Planning for your child’s future can start as early as possible. Starting early means that you can start by investing over a longer period of time with a smaller sum that can accumulate into a healthy financial corpus to fulfil your dreams for your child.

4. How do you plan a child's education and marriage?

Firstly, understand the financial requirements that will be required at the different stages of the child’s life be it graduation or higher studies or when he or she would reach marriageable age. The second most important point is to start investing as early as possible and be disciplined to invest for the investment horizon you have planned for. Lastly, opt for premium waiver riders in the Insurance plan where feasible to ensure the plan cover will continue even in your absence.

5. What is the premium waiver rider and should I opt for it?

A premium waiver rider is an optional benefit provided by LIC of India in its child insurance plans wherein by paying an additional amount during policy purchase; the company will pay the maturity benefit agreed upon for the policy term will remain intact as planned in the event of the death of the policyholder and the premiums payable will be waived off for the remaining period.

How to choose the best LIC policy for children LIC Jeevan Tarun online?

  • Policy Term
  • Add-on Rider Benefits
  • Maturity Benefits
Why choose LIC Life Insurance Policy Benefits of Buying LIC Policy Online

Claim Settlement Ratio

98.62%

Assets Under Management

₹41 Lakh Crore

Total Individual policies

28.62 Crores

Branches

3700+

Life Fund

₹43 Lakh Crores

Market share

75%

To buy LIC Insurance online Buy LIC Policy Online

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Frequently Asked Questions

1. What is child life insurance?

LIC has designed child plans to take care of their needs at crucial milestones like education and marriage.

2. What are the features of a child insurance plan?

Policy can be taken from newborn to 12 years of age, Premium waiver benefit rider is available, Premiums can be paid Monthly/ Quarterly/ Half-yearly / Yearly. Loan available.

3. What are the benefits of a child insurance plan?

Receive assured money back payouts at regular intervals and a lump sum amount upon maturity. Benefit from tax exemptions on premiums paid, as well as on the money back and maturity amounts. Furthermore, you have the option to avail a loan against the policy.

4. Are there any child plans with just one time investment?

Yes, Single premium child plan available from 0 age (just born).

5. Does a child insurance plan provide any tax benefits?

Yes, proposer can claim tax benefit on premiums paid u/s 80C and Maturity amount is tax-free u/s 10,10D.

6. Should I buy this plan online or offline?

At present Offline, shortly Online option Buy LIC Policy Online without Agent will be provided.

7. How to choose the right child insurance plan?

LIC has designed the best child plan JEEVAN TARUN Best LIC Policy for Child Future & NEW CHILDREN MONEY BACK PLAN Most popular LIC Child Plan . The plans are designed in such a way that your child gets money at their important milestones like Education & Marriage.

8. Will the policy terminate once it pays the death benefit?

In case of death of the proposer, all future premiums are waived and policy is kept in force. All the maturity proceedings will be paid to the child as per policy‘s terms and condition LIC death slaim status .

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LIC Policy holders enjoy sovereign guarantee by Govt. of India

LIC policyholders enjoy a sovereign guarantee on the sum assured and the bonus declared as per section 37 of LIC Act, 1956 which clearly states that "Policies to be guaranteed by Central Government - The sum assured by all policies issued by the corporation including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities under which have vested in the corporation under this act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government."