So, Hello & Welcome. How are you? I hope you all are positive. I welcome you all to my web site in this submit we’re going to speak concerning the prime 3 LIC child life insurance plans.
If you’re additionally anxious about your child’s future then it’s time to get subsequent now since you are in the suitable place in this submit you’ll get all the knowledge that you simply have to be identified LIC child insurance plans.
If you need to take an insurance coverage for the way forward for your child and you’re confused about which coverage to take then you’re in the suitable place right here you’ll get all the knowledge concerning it so with out losing time let’s get began. Also it’s possible you’ll ant to learn our submit on Child Life Insurance Plans after this submit.
“PS: Take the easier route of speaking to a Insurance advisor just go to the end of the page and fill out the form.”
Why LIC child insurance is necessary
In this 21st century, it is vitally necessary to safe the way forward for your youngsters. No one is aware of about his or her future so to safe his and her youngsters’s future these LIC insurance policies are crucial. The child plans are completely different from different life insurance plans as they’re designed with particular wants of kids’s future wants. This mat curiosity you How child plans are completely different from different life insurance insurance policies?
Let’s suppose that in the present day you’re having a great monetary situation and after 10 years when your youngsters need to take admission in a great college then you need to pay big cash to the college and what in case your monetary situation get disturb throughout this. You could have no cash. In this case LIC coverage, I’ll assist you a large number.
PLAN 1 – Child Money Back Plan
The desk quantity for this plan is 832. Even this plan title signifies what’s the plan is. It is a Money Back Plan. It is an excellent coverage.
You will get a reimbursement in 3 intervals. The first a reimbursement will get when the child’s age is 18 years. The second a reimbursement will get when the child’s age is 20 years and the third a reimbursement will get when the child is 22 years.
You may even get 20% of the sum assured in each interval of time.
Child AgeMoney Back1820% of Sum Assured2020% of Sum Assured 2220% of Sum Assured 2540% of Sum Assured And when the child is 25 years you’ll get 40% of the sum assured and bonus. The necessary characteristic of this plant is that if you do not want the cash in the course of the three intervals you’ll be able to request to get your cash later. LIC can pay you cash in line with you with curiosity.
PLAN 2 – Jeevan Tarun
The desk variety of this coverage is 834. This can also be a money-back coverage in which you’ll get cash when the child’s age is 20 years and you’ll get the cash until the age of your child is 24 And you’ll get the cash yearly.
It implies that from the age of 20 to 24 the child will get a reimbursement yearly. And when the child is 25 the coverage maturity will probably be given.
Jeevan Tarun Plan Options
In this coverage you’ll get 4 choices from the 4 choices you need to choose one. These choices are the number of the money-back proportion.
OptionMoney BackMaturityOption 1No Money Back100% of SA + Bonus Option 25% of SA from 20 to 24 years 75% of SA + Bonus Option 310% of SA from 20 to 24 years 50% of SA + Bonus Option 415% of SA from 20 to 24 years 25% of SA + Bonus PLAN 3 – Jeevan Lakshay
The desk variety of this coverage is 833. This coverage is especially well-known from one other title Kanyadan Policy as a result of when this coverage is launched it was formally named Jeevan Lakshay nevertheless it was promoted by the title of Kanyadan Policy. But be sure that there is no such thing as a coverage named Kanyadan Policy in LIC its official title is Jeevan Lakshay Policy.
Due to its title, many individuals assume that this coverage is just for women however this coverage will also be taken for boys and you may also take this coverage to attain particular monetary targets.
You can take this coverage in line with t your alternative from a coverage interval of 13 years to 25 years. It implies that it relies upon upon you to decide on the period of 13 years to 25 years. You need to pay 3 years much less till your coverage interval.
Premium Paying Term = Policy Period – 3 Yearsi.e. you don’t have to pay any premium in he final 3 yearsJeevan Lakshay / Kanyadaan Policy by LIC PPT
Jeevan Lakshay Policy Example
If your coverage interval is 13 years then you need to pay until the 10th yr, and in case your coverage interval is 20 years you need to pay until the 17th yr. You will get Sum Assured + Bonus at Maturity.
I’d suggest you to take this coverage for 15 years to get an extra bonus at maturity. The most necessary factor about this coverage is that if the coverage proprietor will get useless because of some motive then the nominee will get 10% of Sum Assured yearly and on the age of Maturity nominee will get 110% Sum Assured + Bonus.
If you need to obtain your monetary objective whether or not you reside or not and also you need to enhance monetary situations then this coverage is greatest for you. I’d suggest you to take this coverage with the time period rider.
Ready to purchase a insurance plan to your child? Check this out earlier than deciding Basics of Child Insurance plans defined
In all the insurance policies talked about you need to pay a premium in line with your alternative. LIC insurance policies have versatile premium choices ranging from INR 500 and there’s no higher restrict. Secure your child’s future with these LIC youngsters insurance plans.
Additional data and one bonus coverage
PREMIUM PAYMENT: All above 3 insurance policies, you’ve gotten an choice to pay premium as per your comfort. You can select to pay premiums month-to-month, quarterly, half-yearly or yearlyPREMIUM WAIVER BENEFIT: All the bove insurance policies include premium waiver profit which implies hr coverage will proceed with all advantages even when the coverage purchaser (mother or father) dies in the course of the coverage time period.LOAN ON POLICY: Loan might be taken on these insurance policies to cater for some instant bills.One Premium Child Insurance Policy
But if you wish to safe your child characteristic by simply paying premium one time then Single Premium Endowment Plan is for you. The desk quantity for this plan is 817.
As this coverage title point out that in this you need to pay a premium without delay. If you’ve gotten good monetary situations and you may pay a premium without delay then it’s good for you. This the interval you’ll be able to select ranges from 10 years to 25 years.
This coverage can also be out there with a single premium of ₹50000. This coverage is best than fastened deposit charges being supplied by any nationalised or personal financial institution of India in the long run.
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