Buy LIC Child Plan Online

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.

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.

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.

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.

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.

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

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.

Get guaranteed Money back payouts at fixed intervals, Lumpsum amount is also paid on maturity, Avail Tax benefits on Premiums paid, money back & maturity amount. Can avail loan on the policy Loan on LIC policy .

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

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

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

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.

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 .