By investing in LIC’s ‘New Children’s Money Back Plan’, the future of the child can be secured. It can be invested from the time of birth of the child.
LIC New Children’s Money Back Plan
In this era of epidemic, where there is a crisis regarding livelihood. In such a situation, the mother-
The father is bound to be concerned about the future of the children. In such a situation, if you want that the future of the child is safe, then you can take the ‘New Children’s Money Back Plan’ of LIC. You can invest in it from the birth of the child. Due to this, there will be no economic problems when he grows up.
By investing in this policy of LIC, your child can become a millionaire only after completing his studies. It gives better returns. Also there is no risk of money. Therefore, the amount received at maturity can be used in higher education or marriage of the child. So what is the specialty of this scheme and how it is beneficial for you, let us know.
What is new kids money back plan
The expenditure on higher education of children can be reduced by investing in LIC’s New Children’s Money Back Scheme. Not only this, under this plan of LIC, the policy taker will also get the benefit of money back. The minimum age for application in the scheme is 0 years, while the maximum age limit is 12 years. The minimum sum assured can be invested from Rs. 1,00,00. While no maximum amount of investment is fixed.
When can I withdraw money
This policy of LIC is for 25 years. According to the plan, 20-20 percent of the basic sum insured is paid by LIC on completion of 18 years, 20 years and 22 years of the child. Whereas the remaining 40 percent is paid after the child completes 25 years. Bonuses are also given along with the outstanding payment at maturity. If a policyholder dies before the policy matures, his family will get the simple simple reversionary bonus and the last additional bonus in addition to the sum assured.
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