New Delhi: If you need your kid’s life to be monetarily secure, you should begin contributing for him right from his adolescence. That is the reason, today we will educate you concerning one such policy of LIC, by putting resources into which you can get your kid’s monetary future. This is LIC’s New Children Money Back Policy.
The minimum aggregate insured under the plan is Rs 1 lakh while there could be no maximum limit. It has a maturity time of 25 years. If you accept the plan when the kid is conceived, it will be finished in 25 years and in the event that you take it later, after deducting the age of the youngster from 25, it will be finished in that number of years. As far as possible to put resources into the strategy is zero to 12 years.
If the scheme is in force, 20% of the Basic Sum Assured is paid after the policyholder achieves 18 years, 20 years and 22 years. If the policyholder gets by till the finish of the policy term, and the arrangement stays in force, he gets ‘Total Assured on Maturity’ alongside reward. The Sum Assured on Maturity is equivalent to 40 percent of the ‘Essential Sum Assured (Total Sum Assured)’.
Assuming you put just Rs 150 in LIC Children Money Back policy from the hour of birth of the kid (be that as it may, the top notch will be on yearly, half yearly, quarterly or month to month premise) then, at that point, you will get around 19 on development time of 25 years Lakhs, though in the event that you see, you would have saved Rs 55,000 every year based on Rs 150 every day, based on which a sum of Rs 14 lakhs would have been saved in 25 years.
