LIC Children's Money Back Plan & Single Premium Plan

Life Corporation of India (LIC) launched two insurance products - children’s money back plan and single premium plan - to combat the decline of the state-owned life insurance market share. Children’s Money Back plan is designed to meet the educational and marriage expenses. It is a participating, non-linked money back plan according to a statement issued from LIC. The plan offers a risk cover for the child throughout the policy term with regular premium payments.  

Read more
Benefits of LIC Plans
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing Child's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Grow wealth with LIC to
Secure your Child's future
+91
Secure
We don’t spam
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 agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Parents can also choose a premium waiver or add a health rider to enhance the cover. In case of the death of the proposer, the premium will be waived off in the remaining period of the policy.

Jeevan Sangam is a participating, single premium plan that offers savings and insurance protection for the child. The proposer will be able to choose a maturity sum assured by investing a pre-defined single premium. The principal investment shall depend on the vestment age of the insured.

Both these plans are open for sale for a maximum of 90 days from the date of launch.


V. K. Sharma - MD, LIC said in his interview, “By launching these products we can offer insurance security to all the policyholders until the age of 60 years. This is the first time we are launching a single premium product. Moreover, we are happy to say it is a complete tax compliant plan. A ULIP plan will be launched in the next fiscal year, which is currently under planning process.”

People also read: Best Child Plan

Being the country’s largest insurer LIC has seen a sharp decline in the shares up to 70% where its new business premium shrunk by over 21% from April to December in 2014.

A decrease of 21 % from the first three-quarters of 2014 against the same period of the previous year (2013) which is Rs 56,667 crore from Rs 65,7774.47 crore.

Therefore, to improve its market share LIC has launched these affordable and highly lucrative child plans. The government-backed insurance conglomerate believes that people will be willing to invest in such plans as they receive guaranteed benefits.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

child plan investment

Investment

child plan secure

Secure

Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Child Plan3
Child Plan4

Child plans articles

Recent Articles
Popular Articles
Kids Savings Account

23 Oct 2023

A Kids Savings Account is an account designed to introduce kids
Read more
Child Money Back Plan

20 Oct 2023

A Child Money Back Plan is designed to secure a child's future
Read more
Education Loan

11 Oct 2023

Education is a vital investment in one's future, but the rising
Read more
Rajshree Yojana

09 Oct 2023

The Rajshree Yojana is a social security scheme launched by the
Read more
Bhagya Lakshmi Yojana

09 Oct 2023

Bhagya Lakshmi Yojana is a welfare scheme launched by the
Read more
Top 12 Government Schemes for Girl Child
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
Best Child Investment Plans to Invest in 2023
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more
Prime Minister Schemes For Boy Child
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
Best Investment Plans for Girl Child in India
Investing in the future of a girl child is one of the most important financial decisions a parent or guardian can
Read more
Post Office Scheme for Boy Child
The Post Office Savings Scheme in India offers a wide range of investment options that provide secure and
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL