LIC New Children's Money Back Plan Calculator

What is the LIC New Children's Money Back Policy Premium & Maturity Calculator?

The LIC New Children's Money Back Policy Premium & Maturity Calculator is an online tool that helps parents or guardians estimate the premium they must pay and the maturity amount they will receive under this plan.

The calculator gives an approximate premium and payout schedule after you enter details like the sum assured, policy term, and child's age.

This tool, offered by LIC is especially helpful for understanding survival benefits, maturity value, and bonus additions at different policy stages. It is ideal for parents who already have a plan or are exploring it to support their child’s future needs.

Benefits of Using the LIC New Children’s Money Back Plan Calculator

The LIC Child Money Back Premium Calculator is a helpful tool for parents or guardians planning to invest in their child's future. Below are the benefits of the calculator:

• Informed Decisions: It helps users understand the estimated premium and maturity benefits before buying the plan, making it easier to decide whether the policy fits their goals.

• Financial Planning: The calculator provides a clear view of survival benefits and maturity payouts, helping parents plan for key milestones like education, marriage, etc.

• Customization: Users can explore how the policy changes with different sum assured amounts, child’s age, or optional riders like the Premium Waiver Benefit.

• Policy Comparison: Parents can compare the LIC New Children's Money Back Plan with other child plans to choose the best option.

• Quick Estimates: Using the LIC Calculator saves time by instantly showing the premium and expected return instead of manual calculations.

How Does the LIC New Children's Money Back Calculator 732 Work?

The LIC New Children’s Money Back Calculator is available online and helps estimate the policy's premium, survival benefits, and maturity value. It gives parents a snapshot of how much financial support they can expect during and after the policy.

What Factors are Considered by the LIC Calculator?

• Child’s Age: The age of the child when the policy is being purchased.

• Sum Assured: The amount of coverage or benefit the policy will offer.

• Policy Term: The duration till which the benefits will be available.

• Premium Waiver Rider: Optionally included to waive off premiums if the parent (proposer) dies during the policy term.

• Proposer’s Age: The age of the parent or grandparent who is buying the policy.

Sample Premium Illustration (Age 2, Sum Assured: ₹2 Lakh)

Note: Premiums are subject to change as per LIC and IRDAI guidelines. Standard T&C apply

How to Use the LIC Child Money Back Plan Calculator – Step-by-Step Guide

One can easily calculate the premium and maturity value of their LIC New Children’s Money Back Plan 732 using the LIC New Children's Money Back Plan calculator(previously known as LIC New Children’s Money Back 932 Calculator). Just follow the steps below:

Step 1: Visit the Life Insurance Corporation of India

Step 2: Fill in your name and contact number, and click on View Plans.
Step 3: Next, you need to fill in your current age and city.
Step 4: Customize your investment amount and time period as per your requirements.

Step 5: Once done, you can check the plan details by clicking “get details”.

Wrapping It Up:

The LIC Child Money Back Plan Calculator is a helpful tool to help parents make confident and informed decisions. Whether you are planning for your child’s college expenses, marriage, or future goals, this calculator simplifies the premium estimation and shows you the benefits at every stage. It's the first step toward building a financially secure life for your child.

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