LIC Child Plans with Single Premium 

LIC Child Plans with Single Premium are insurance-cum-investment schemes where you make a one-time payment to secure your child’s future. These plans, often referred to as LIC one time investment plan for child or LIC single premium plan for child, eliminate the need for regular premium payments while offering long-term benefits like life coverage and maturity benefits. These plans help in funding major milestones like education and marriage.

They are also popular among parents searching for a LIC policy for girl child one time premium, offering financial protection and growth through a single, hassle-free investment. An LIC child plan one time investment that ensures peace of mind and is ideal for those seeking a low-maintenance but high-value plan. These one time LIC policy for child options come with the added advantage of tax benefits and potential returns, making them a smart choice for long-term planning.

Features of LIC Child Plans with Single Premium

The full premium is to be paid at the time of inception of the policy as it is a single premium plan

The policy offers dual protection for your child i.e., of savings and protection 

The policy ceases after payout of the death benefit or maturity benefit, whichever comes first 

The policy offers a simple reversionary bonus and an additional final bonus announced as per the company, provided the policy is in force. 

LIC Single Premium Endowment Plan

• The LIC one time investment plan for child allows you to receive the policy benefits in installments as well as in a single lump sum, which can help with planned expenses like education or marriage.

• You can enhance your protection by paying an additional premium and adding Rider Benefits, such as accident or critical illness cover.

• If you opt for a higher sum assured amount, the plan offers attractive discounts, called high sum assured rebates.

• To help with liquidity, you can take a loan against the policy if you need funds during the policy term.

Eligibility Criteria of LIC Single Premium Endowment Plan

LIC Amritbaal

• Guaranteed Additions of ₹80 per Rs 1,000 of Basic Sum Assured throughout the entire policy term are offered under this LIC one time investment plan for child.

• You can choose the life insurance coverage amount for your child based on your specific financial needs.

• The plan allows you to select between a Single Premium or Limited Premium Payment option as per your preference.

• You can choose the maturity age of the policy between 18 and 25 years, depending on your child’s future goals.

• The plan gives you the option to receive the benefits in instalments or a lump sum payout.

• You can opt for the Premium Waiver Benefit rider by paying an additional premium to ensure the policy continues even after the proposer’s death.

• This single premium LIC policy for child provides a High Sum Assured Rebate, which offers premium discounts for selecting a higher sum assured.

• A loan facility is available under the plan to help meet any liquidity needs during the policy term.

• In case of the death of the Life Assured during the policy term after the commencement of risk, the nominee will receive the Sum Assured on Death along with all accrued Guaranteed Additions, provided the policy is in force.

• If the Life Assured survives the entire policy term, the Sum Assured on Maturity along with the total accrued Guaranteed Additions will be paid at the end of the policy term.

Eligibility Criteria of LIC Amritbaal

LIC Nav Jeevan Shree -Single Premium

• The plan is a single-premium policy, meaning you only need to pay the premium once at the time of purchase.

• Guaranteed Additions accrue at the rate of Rs 85 per Rs 1,000 of Basic Sum Assured every year throughout the policy term.

• You can choose between two Sum Assured on Death options at policy inception, based on your coverage needs.

• You can select the duration of protection as per your financial goals and planning.

• The policy gives you the choice to receive the maturity or death benefit in instalments or a lump sum.

• Under this single premium LIC policy for child, you can enhance your protection by choosing from available rider benefits on payment of an additional premium.

• The plan offers an attractive High Sum Assured Rebate, making it more economical for higher coverage amounts.

• Special rebates are available for existing LIC policyholders and for nominees or beneficiaries of deceased policyholders.

• The plan supports liquidity needs by offering a loan facility against the policy during the term.

• In the event of the Life Assured’s death during the policy term after risk commencement, the nominee will receive the Sum Assured on Death (as per the chosen option) along with all accrued Guaranteed Additions.

  • Under Option I, the Sum Assured on Death is the higher of 1.25 times the Tabular Single Premium or the Basic Sum Assured.

  • Under Option II, the Sum Assured on Death is 10 times the Tabular Single Premium.

• If the Life Assured is a minor below 8 years, and death occurs before risk commencement, the benefit will be a return of Single Premium paid (excluding taxes, rider premiums, and extra premiums), without interest.

• The death benefit will be paid as a lump sum or in instalments, based on the option chosen by the policyholder or Life Assured.

• If the Life Assured survives until the date of maturity, the Sum Assured on Maturity (equal to the Basic Sum Assured), along with accrued Guaranteed Additions will be paid.

Eligibility Criteria of LIC Nav Jeevan Shree -Single Premium

LIC Nivesh Plus

• This plan offers life cover for the entire policy term. 

• At set intervals, a fixed percentage of your one-time premium (Single Premium) is added to your investment fund.

• You can choose your coverage amount, the investment fund type based on your risk level, and whether your Sum Assured is 1.25 or 10 times your premium (depending on your age). 

• You also decide your premium, policy term (within set limits), and how your family receives death benefits, either as a lump sum or in instalments.

• You can withdraw part of your fund after a certain time to meet urgent financial needs, providing you with flexibility and access to money when required.

• You can boost your coverage by adding LIC’s Linked Accident Benefit Rider. This gives additional financial support to your family if death occurs due to an accident.

• If death occurs before the policy starts covering risk, only the fund value is paid. If death happens after coverage begins, your nominee gets the higher of: (a) Basic Sum Assured minus recent withdrawals, or (b) your fund value. 

• Charges taken after death (like mortality or accident rider charges) are refunded. The payout can be lump sum or instalments, based on your chosen option.

• If the policyholder survives till the policy’s end, the total value of the investment fund at maturity is paid. This is your maturity benefit.

Eligibility Criteria of LIC Nivesh Plus

Summing Up

Choosing a LIC one time investment plan for child is a smart and secure way to prepare for your child’s future milestones like education, marriage, or career dreams. These LIC single premium child plans offer the dual benefit of life insurance and long-term savings, without the hassle of recurring premiums. Having guaranteed additions, rider options, and loan facilities, a one time LIC policy for child ensures peace of mind and financial stability.