Which is the Best LIC Plan for My 8 Months Old Baby Girl?

With your bundle of joy in your arms and thousands of dreams in your eyes, there are only some events that can match the ecstasy of being a new parent. However, what If fate suddenly snatches you from your child? Thankfully! Your child’s future is secured with LIC Child plans even in your absence.

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold

LIC Child Plans 

As a parent, your mind is crowded with the number of thoughts and amazing possibilities for your child. To provide him/her the best of education and safeguard his/her future in your absence are some of the common thoughts. Apart from many other things, child insurance plans are some of the best ways to do so.

With the availability of several insurance policies, choosing one is a quite difficult task. Life Insurance Corporation of India or LIC is one of the largest and the oldest insurers in India. The Corporation holds the maximum customer shares with its strong industrial presence and comprehensive range of products. The insurer is specialized in serving various customers' needs with effective insurance plans such as investment plans, child plans, health, savings plan, micro-insurance, withdrawn plans, etc. 

LIC Child Insurance policies offer a way for the parents to build a secured family’s financial future for children in their absence. This plan ensures that all their needs are well taken care of in case of any uncertain event. They provide the parent's peace of mind and help them generate a corpus for critical future requirements of the child, involving marriage and education. 

Child Plans Offered by LIC 

LIC offers a wide range of child insurance plans that you can select for your child’s bright future. If you wish to purchase an ideal LIC policy for your 8-month baby girl, there are two plan options offered by LIC which you can consider. The policies are as follows: 

  1. LIC Children Money Back Plan 

    LIC Children Money Back Plan is a non-linked, participating, and traditional insurance plan that is specifically designed to cater to multiple requirements of growing children, involving their wedding, education, etc. It offers survival benefits along with the coverage of risk for children. 

    Key Features of LIC Children Money Back Plan 

    • The plan provides a maturity benefit equivalent to the basic sum assured at the time of buying the policy. 
    • You can opt for a loan under the child plan. 
    • The premium is paid on a monthly, quarterly, half-yearly, and yearly basis. 
    • The plan pays the benefits to the child at different ages when he/she requires financial support for marriage or higher education. 
    • You can also choose to postpone the received benefits during the maturity of the plan. 

    Eligibility Criteria 

    Entry Age 

    Minimum: 0 years 

    Maximum: 12 years 

    Age at Maturity 

    25 years 

    Policy Term 

    25 years minus entry age of a child 

    Sum Assured 

    Minimum: Rs. 1 Lakh

    Maximum: No Limit 

    Premium Payment Term

    (25 minus entry age) years 

    Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

  2. LIC Jeevan Tarun Plan 

    LIC Jeevan Tarun Plan is a non-linked, participating, limited premium paying policy. It is a combination of savings and insurance to provide a secure future for the child. This insurance plan helps to fulfill the child’s dreams of education, school/college expenses, and other expenditures. 

    Key Features of LIC Jeevan Tarun Plan 

    • It is a traditional child insurance plan that offers benefits of endowment and money-back. 
    • The plan offers Premium Waiver Rider Benefit. 
    • Flexibility for premium payment options. 
    • 15 days of free-look time is allowed under which a life assured can return the plan if he/she wants to. 
    • The facility of loan is available under the plan when it has reached a surrender value. 

    Eligibility Criteria of LIC Jeevan Tarun Plan 

    Entry Age 

    Minimum: 90 days 

    Maximum: 12 years

    Age at Maturity

    25 years 

    Policy Tenure

    25 years minus entry age of the child 

    Sum Assured 

    Minimum: Rs. 75,000

    Maximum: No Limit 

    Premium Payment Term

    (20 minus entry age) years 

    Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Why Are LIC Child Plans Important?

You can provide financial security to your 8 months baby girl with LIC child plans. Here are some of the major benefits that you can avail if you purchase child insurance plans: 

  1. Secures Corpus for Child

    The child plans to save the child's future by providing a death benefit as a lump sum on the parent’s demise (if they are insured under the scheme). The lump-sum amount provides financial help to the child. The policyholder can also use that amount to fund his/her child’s marriage, education, or other expenses as required. 

  2. Premium Waiver Benefit 

    Child plans sometimes offer an inbuilt premium waiver benefit or optional riders. This benefit makes sure that the plan is not interrupted even in case of a parent’s death during the policy term. The plan continues and the child gets the maturity benefits. 

  3. Variants 

    Child plans come with different variants. You can purchase money-back or endowment plans to get guaranteed benefits. If you are not worried about risks, you can invest in ULIP's market-linked returns that give amazing returns on your investment. 

  4. Tax Benefits

    Get the tax benefits on the paid premium as per the prevailing laws of the Income Tax Act, 1961 i.e., U/S 10(10D) and 80C. 

    The tax benefit is subject to changes in tax laws. *Standard T&C Apply

Wrapping It Up!

LIC is one of the reputable and trustworthy insurance companies in India that offers a comprehensive range of insurance plans to its customers. These plans mainly provide financial stability and support to your child. Both aforementioned LIC Child plans are specially designed for a newborn or an 8 months old baby girl with amazing features and are sufficient to safeguard the future of your child.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Amritbaal
LIC Index Plus
LIC Jeevan Dhara II-872
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
Government Praises Life Insurance Corporation (LIC) in Economic Survey 2024

23 Jul 2024

3 min read

In the recently released Economic Survey 2024, Finance Minister
Read more
LIC Jeevan Utsav vs LIC Jeevan Umang

07 Jun 2024

4 min read

LIC Jeevan Utsav and LIC Jeevan Umang are two popular insurance
Read more
Review of LIC Index Plus

07 Jun 2024

2 min read

I recently bought LIC's Index Plus plan, which has provided me
Read more
LIC Versus PPF

05 Jun 2024

3 min read

When it comes to financial planning in India, two of the most
Read more
LIC Amritbaal Premium Calculator

29 Mar 2024

2 min read

LIC Amritbaal Premium and Maturity Calculator is an online tool
Read more
LIC Online Premium Payment

3 min read

The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more
10 Best LIC Plans to Invest in 2024

3 min read

Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
How to Check the Maturity Amount of LIC Policies?

3 min read

The LIC maturity value is the amount payable to the policyholder upon the completion of the policy term. LIC
Read more

Download the Policybazaar app
to manage all your insurance needs.