LIC Children's Money Back Plan
Guaranteed Milestone Payouts for Child's Higher Education & Marriage
A non-linked money back plan crafted to meet the educational, higher study, and marriage expenses of growing children through periodic payouts.
Parents planning guaranteed funds for child's college admission at ages 18, 20, and 22, and final settlement at age 25.
Key Benefits & Protection Advantages
Eligibility & Policy Limits
| Eligibility Parameter | Official Rule / Limit |
|---|---|
| Child's Minimum Entry Age | 0 Days (Newborn) |
| Child's Maximum Entry Age | 12 Years (Last Birthday) |
| Maturity Age | 25 Years |
| Minimum Sum Assured | ₹1,00,000 |
Sample Payout Illustration
Illustrative Example₹2 Lakhs at age 18 + ₹2 Lakhs at age 20 + ₹2 Lakhs at age 22 + ₹14 Lakhs+ at age 25
Frequently Asked Questions about LIC Children's Money Back Plan
Q1:What is Premium Waiver Benefit?
It is an essential rider for child plans. If the parent (proposer) dies during the policy term, LIC pays the life cover immediately and waives all future premiums while preserving all scheduled money back payouts for the child.
Information provided on this consultancy website is for general awareness, policy comparison, and educational purposes. Plan features, bonus additions, eligibility terms, and premiums are governed by official Life Insurance Corporation of India (LIC) product prospectuses and sales brochures. This is an independent insurance agent consultancy website and does not claim to be the official corporate web portal of LIC of India. Policyholders are advised to read official policy documents carefully before finalizing insurance contracts.
Request Quote & Brochure
Get an official premium calculation table for LIC Children's Money Back Plan directly from Senior Advisor Satrughan Thakur.