LIC Policy: Life Insurance Corporation of India (LIC) offers numerous protected insurance plans, which give ensured and great re-visitations of the investors. There is one such LIC policy which is gotten back to New Children Money Plan. By putting resources into this, the kid’s schooling or marriage can be secured.
By putting resources into the plan, you can guarantee a brilliant future for the youngster. LIC Children Money Back Plan can assist you with saving lakhs of rupees in a jiffy by contributing just Rs 150 every day.
The New Children Money Back Plan accompanies a maturity time of 25 years. You can choose to get the maturity sum in installments. When your youngster turns 18, you will begin getting installments.
The subsequent installment is paid when the kid turns 20 and the third installment is kept when the youngster turns 22. At the point when the youngster turns 25, the whole sum is deposited in the recipient’s bank account.
Around then the recipient gets 40% of the sum alongside the reward. Protection additionally gives total guaranteed benefits.
In this scheme, you need to save around Rs 55,000 yearly, approx Rs 150 every day to get the fate of your youngster. In 25 years, you should deposit a sum of Rs 14 lakh. Consequently, you will get an advantage of Rs 19 lakh on maturity.
As far as possible to put resources into the scheme is zero to 12 years. Investors can take 60% of the aggregate sum in installments and 40 percent with reward at the time of maturity.
Under the protection plan, the minimum total guaranteed is Rs 1,00,000 while there could be no maximum cutoff. If the payment isn’t taken in installments, then,a singular amount sum alongside interest is given at the time of maturity.
