LIC or Life Insurance Corporation of India is one of the old ...Read More
LIC or Life Insurance Corporation of India is one of the oldest life insurance companies in India. Despite 23 competitors in the life insurance industry, LIC holds the maximum share of customers with its strong market presence and a wide product range. ...Read Less
No Spam, No Gimmicks
Genuine, honest, and hassle-free
Personalised Insurance Advice
Advice that fits your life
24*7 Claim Assistance
24/7 hassle-free claim support
Google Ratings (2500+)
11+ Years
IRDAI Approved
5M+
Quotes Generated
100K+
Happy Customers
PolicyX is one of India's leading digital insurance platform
Get the Right Insurance Plan for You
Get upto 15% Online Discount*
Insurance Experts
No Gimmicks
No Spam
No Mis-Selling
No Pushy Sales
Google Ratings (2500+)
11+ Years
IRDAI Approved
5M+
Quotes Generated
100K+
Happy Customers
PolicyX is one of India's leading digital insurance platform
Divya Singh is an associate writer at PolicyX.com with over 1 year of experience in creating diverse forms of content. She specializes in breaking down complex terms and life insurance topics into clear, practical insights for readers. Her approach combines thorough research with a simple, engaging style, ensuring that customers can understand policies without confusion.
Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.
Updated on Mar 10, 2026 4 min read
LIC Child Plan
LIC or Life Insurance Corporation of India is one of the oldest life insurance companies in India. Despite 23 competitors in the life insurance industry, LIC holds the maximum share of customers with its strong market presence and a wide product range.
The company is specialized in serving different needs of customers with effective life insurance plans such as child plans, investment plans, savings, health plans, withdrawn plans, micro insurance, etc. LIC Child Plan provide a gateway to the parents to build a financially secure future for their children.
Top LIC Child Plans In 2025
Here are the best LIC policies for a child in 2025:
LIC New Children’s Money Back Plan
LIC New Children’s Money Back Plan is a participating, non-linked, traditional, and money-back plan. It is a tailor-made policy that caters to the different stages of your child’s life such as marriage, education, and others with the help of survival benefit. It also provides risk cover to the child during the policy tenure.
Key features
The maturity benefit will be equal to the base sum assured at the time of purchase.
You can avail of the loan under this child plan.
The premiums can be paid on a monthly, quarterly, half-yearly and yearly basis.
Eligibility
Entry age
0 to 12 years
Maturity age
25 years
Policy tenure
25 years-entry age of the child
Sum assured
Rs. 1 lakh to no-limit
Premium payment term
[25 - Age at entry] years
LIC Jeevan Tarun Plan
The Jeevan Tarun Plan is a participating non-linked limited premium payment plan, which is a mixture of insurance and savings for a child’s secure future. This insurance plan allows you to fulfil your child’s dreams of higher education, hostel charges, and other expenses.
A free lock-in period (of up to 15 days) is available under which a policyholder can return the policy if (s)he wants to.
Provides LIC premium waiver benefit rider.
A person can avail loan against the plan only when it has reached a surrender value.
Eligibility
Entry age
90 days to 12 years
Maturity age
25 years
Policy tenure
25 years- minus the entry age
Sum assured
Rs.75,000 to no limit
Premium payment term
[20 - Age at entry] years
Why LIC Child Plans?
LIC is one of the most trustworthy insurance companies in India that provides a wide range of insurance plans to its customers. It offers the best child plans that focus on offering required financial support and stability to your child. Both the LIC child plans are designed with great features and are more than enough to safeguard your child’s future.
How does LIC Child Plan work?
Let’s take the help of an example for a proper explanation.
Mr. Kumar bought a LIC child plan (tenure of 20 years) for his 6-year-old child. The plan promises to pay the benefits at the 15th, 17th, and 20th year of the policy. Mr. Kumar set the time for the benefit so that the child can easily attain the set milestones of the education. Mr. Kumar will receive the funds when the child attains the age of 20 years, 22 years, and 25 years. The same fund can be used further for the higher education of the child. If Mr. Kumar dies during the policy tenure, the plan will continue to function and the company will pay the rest of the premiums.
Benefits of the LIC child plan
Here are the major benefits of LIC child plans:
Regular premiums may qualify for tax deduction under Section 80C, while maturity and death payouts are typically tax-free under Section 10(10D).
If you die during the premium payment period, many child plans waive future premiums so the plan continues and your child still gets benefits.
Some plans allow loans against the policy if urgent funds are needed before maturity.
On the child’s unfortunate death, the nominee receives a death benefit (Sum Assured plus accrued bonuses).
Plans like money-back or savings-cum-protection pay survival or maturity benefits at key stages, for example, for education, higher studies, marriage or other milestones.
How to purchase a LIC Child Plan?
You can buy LIC Child Plans through the company’s official website. Just follow the below-mentioned steps:
Visit the LIC website.
Take your cursor to the tab ’Products’.
Click on the tab ’Insurance Plan’.
Select the LIC’s New Children’s Money Back Plan.
Click on the tab ’Buy Now’ present on the right side of the page.
Check the premium and make the payment using debit/credit card or net banking.
The company will share your policy documents in your mail.
Note- The LIC Jeevan Tarun Plan is not available online. If you wish to invest in the same, reach out to the customer care team of LIC or visit the company’s nearest branch.
How to renew LIC child plans?
To renew your LIC Child Plan, you have to follow the below-mentioned steps:
Visit the official website of LIC and click on the tab ’Registered User’. In case you are not a registered user, you have to click on the ’New User’ tab to complete the process to log in.
Submit the date of birth, customer Id, user ID/mobile/email, and password to log in.
Choose the LIC Child Plan that you want to renew.
Make the payment using available payment options such as debit/credit card and net banking
Don’t forget to save or print the premium payment receipt for future reference.
The company will share the policy documents on your registered email id.
LIC Child Plans, such as the LIC Child Education Plans, are great options to save for the financial security to build your child’s future. The New Children’s Money Back Plan (more commonly known as the New Children’s Plan) and Jeevan Tarun policies include a life cover, savings, free look insurance, affordable premiums, and several auxiliary benefits, including loan facilities and waiver of premiums. LIC maintains a reputation and trust from loyal customers. Parents can be assured that their children will be offered education support and other long-term support as well.
Get adequate information about the plans at PolicyX.com, as they offer no spam, no gimmicks, only expert insurance advice.
Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays annuity or pension to the po...
LIC Nivesh Plus is a unit-linked, non-participating, and single-premium individual life insurance plan. It offers insurance cum investment benefits th...
LIC Bima Shree Policy is a traditional, non-linked, and with-profit money-back life insurance policy that features guaranteed additions to provide sec...
LIC SIIP is a unit-linked non-participating individual life insurance plan. The plan comes out as an opportunity to monetize the investment options of...
LIC Navjeevan is a newly launched plan by the Life Insurance Corporation of India. It is a non-linked with profit endowment assurance plan. It is a co...
LIC has been very dynamic in introducing plans according to different individuals' demands. The LIC Komal Jeevan Plan is exclusively fabricated for ch...
LIC Micro Bachat Plan (Table No. 951) is a traditional, non-linked, participating micro-insurance plan that offers dual benefits of protection as well...
LIC Jeevan Saathi is basically an endowment assurance policy that is there to ensure the lives of husband and wife. It offers the required financial p...
Life Insurance Corporation (LIC) is an Indian insurance company owned by the Government of India. It was founded on 1st September 1956 and is headquar...
Unique Features
Affordable Premiums
Tax Benefits
Flexible Policy Tenure
LIC Jeevan Shanti (Pros)
Death Benefits
Maturity Benefits
Loan Faciliy
LIC Jeevan Shanti (Cons)
No pre-existing condition
No surrender benefit
No guranteed benefit
LIC Jeevan Shanti (Other
Benefits)
No medical examinations
Reduction in annuity rates
Rebates
LIC Jeevan Shanti (Eligibility
Criteria)
Minimum entry age- 30 years
Maximum entry age- 79 years
Minimum sum assured- 1 lakh
Maximum sum assured- No limit
Maximum policy terrm- Subject to maximum vesting age
(A Perfect Gift For Your Beloved Daughter)
LIC Kanyadan policy is the perfect financial coverage for your daughter with a very low premium. Unlike oth...
Pradhan Mantri Vaya Vandana Yojana is a single premium payment pension plan. This pension plan offers an option to either choose the amount of pension...
LIC Jeevan Saral is an Endowment Assurance plan under which the proposer has simply to choose the amount and mode of premium payment. The plan comes o...
It is a traditional endowment with death and maturity benefits to the policyholder. Even a bonus facility is given along. In this plan, the premium is...
Unique Features
Affordable Premiums
Tax Benefits
Flexible Policy Tenure
LIC Single Premium Endowment (Pros)
Death Benefits
Maturity Benefits
Tax Benefits
LIC Single Premium Endowment (Cons)
No pre-existing condition
No surrender benefit
No guranteed benefit
LIC Single Premium Endowment (Other
Benefits)
Loan Facility
High Sum Assured Rebate
Surrender Benefit
LIC Single Premium Endowment (Eligibility
Criteria)
LIC New Endowment Plan-one of the best policy by LIC India. The LIC New Endowment plan (Plan No: 914) is a must-avail plan considering the many benefi...
For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a collection of saving...
LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan that provides a combination of insurance and savings. As the name suggests,...
LIC New Jeevan Anand is a participating non-linked plan providing a combination of both protection and savings. The plan offers financial protection a...
LIC Jeevan Umang (Plan No: 945) is a conventional, with-profit, non-linked endowment plan with complete life insurance coverage. The policy provides t...
LIC’s Aadhaar Shila Plan (Plan No: 944) is a non-linked insurance plan, with profits and a regular premium-paying endowment plan. This plan is a...
LIC's Aadhaar Stambh Plan (Plan No: 943, UIN: 512N310V01) is a non-linked insurance plan, with profits and a regular premium-paying endowment plan. It...
Of the many efficient plans of LIC, the Jeevan Shikhar Plan stands out in terms of benefits and simplicity of terms. The endowment plan was initially ...
LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens provided by one of the top ranked insurance companies in India...
The LIC New Money Back Plan 20 Years (Plan No: 920)was floated on January 6, 2014 to cater to the financial needs of the business and the salaried cla...
Unique Features
Affordable Premiums
Tax Benefits
Flexible Policy Tenure
LIC New Money Back 20 Years (Pros)
Death Benefits
Maturity Benefits
Loyalty Additions
LIC New Money Back 20 Years (Cons)
No pre-existing condition
No auto-cover continuance
No guranteed benefit
LIC New Money Back 20 Years (Other
Benefits)
Additional Rider Options
Grace Period
Loan Facility
LIC New Money Back 20 Years (Eligibility
Criteria)
LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the e...
When it comes to offering a complete insurance suite of the most comprehensive financial security in terms of health and life, you are in safe hands w...
LIC launched the Bima Diamond Plan (table No. 841) on September 19, 2016. This is a non-linked plan, i.e. it doesn't depend on the share market. It is...
Ever come across a large pile of banknotes? You know, by winning the lottery or hitting the jackpot at your favorite casino? Your first instinct must ...
Unique Features
Affordable Premiums
Tax Benefits
Flexible Policy Tenure
LIC Bima Bachat (Pros)
Death Benefits
Maturity Benefits
Loyalty Additions
LIC Bima Bachat (Cons)
No pre-existing condition
No auto-cover benefit
No guranteed benefit
LIC Bima Bachat (Other
Benefits)
Additional Rider Options
Grace Period
Loan Facility
LIC Bima Bachat (Eligibility
Criteria)
Minimum entry age- 15 years
Maximum entry age- 66 years
Minimum sum assured- Rs 35
000 Maximum sum assured- No limit Maximum policy term- 15 years
The future of the world depends on the strength of the children today. But if they are not prepared for that purpose, the dream will be unattainable. ...
Unique Features
Affordable Premiums
Tax Benefits
Flexible Policy Tenure
LIC New Children Money Back Plan (Pros)
Death Benefits
Maturity Benefits
Loyalty Additions
LIC New Children Money Back Plan (Cons)
No pre-existing condition
No auto cover
No guranteed benefit
LIC New Children Money Back Plan (Other
Benefits)
Additional Rider Options
Grace Period
Loan Facility
LIC New Children Money Back Plan (Eligibility
Criteria)
Minimum entry age- 0 years
Maximum entry age- 12 years
Minimum sum assured- Rs 1
00
000 Maximum sum assured- No limit Maximum policy term- 25 minus entry age
LIC's Jeevan Tarun is basically a participating non-linked limited premium plan that offers a great combination of protection along with savings for y...
This plan has double roles to play. Firstly, this plan is applicable for safeguarding a family after the untimely death of the policyholder. Secondly,...
LIC Jeevan Labh (Plan No: 936) is a limited premium paying, non-linked (Not dependent on equity-based funds and money/share market) with-profit endowm...
Unique Features
Affordable Premiums
Tax Benefits
Flexible Policy Tenure
LIC Jeevan Labh (Pros)
Death Benefits
Maturity Benefits
Loyalty Additions
LIC Jeevan Labh (Cons)
No auto cover benefit
No return of premium
No premium waiver
LIC Jeevan Labh (Other
Benefits)
Additional Rider Options
Grace Period
Loan FacilityAdditional Rider Options
Grace Period
Loan Facility
LIC Jeevan Labh (Eligibility
Criteria)
Minimum Entry Age- 18 Years
Maximum Entry Age- 65 years
Minimum Sum Assured- Rs 1 lakh
Maximum Sum Assured- No limit
Recommended Videos
New LIC Child Plan | Best LIC Policy for Child Future | Best LIC Policy
LIC Child Plan: FAQs
1. How to check policy status for LIC Child Plans?
If you own a LIC Child Plan online, you can track the same by visiting the official website of the company. Below is the process that you have to follow:
Check online
Visit the official website of LIC.
Click on the tab ’Registered User’. If you have not registered yet, you must first complete the registration process to log in.
Submit the basic details such as date of birth, Customer ID, user ID/mobile/email, and password to log in.
Click on the ’Sign In’ button to check your policy status.
Check offline: You must visit the nearest LIC branch to check your policy status.
2. What is the policy cancellation process for LIC Child Plans?
To cancel the policy, speak with the customer care team of LIC, or visit the company branch. The assigned representative will guide you with the process.
3. How to file a claim for LIC Child Plan?
For the same, the claimant/nominee has to visit the nearest branch of the company and speak with the customer representative to know the details.
4. Which LIC plan is best for a child?
LIC’s Jeevan Tarun and New Children’s Money Back Plan are popular for child planning. They provide regular payouts at major milestones such as marriage, education, or higher studies. These policies consolidate life cover with savings while ensuring financial safety if the parent passes away.
5. How can I renew my LIC child education plan?
LIC child education plans do not need renewal once the policy term is active. You have to pay the premium for a chosen payment term. If premiums are missed, you can revive the plan within a particular revival period, which is 2 years. You can also contact your LIC branch or log in to the online portal to pay the pending premiums.
6. How can I cancel or surrender my LIC child plan?
To cancel your LIC child plan, you must surrender it at an LIC branch online. Fill this surrender form, provide the original policy documents, and bank details to transfer the fund. The surrender value relies on the bonuses accrued, premiums paid, and policy term completed.
7. What is a “LIC Child Plan�
An LIC plan offers life cover, savings, and payout for marriage and education, a premium waiver on parents’ death, tax benefits, a loan facility, and options such as Jeevan Tarun, Amritbaal, and Children’s Money Back.
8. What is the minimum age to start a LIC policy?
LIC regular policies generally require the buyer to be at least 18 years old. Some child plans, such as Jeevan Labh or Jeevan Tarun, may start from age 8 for children with parents as the policyholders.
9. What benefits do these LIC child plans offer?
LIC child plans offer: death cover, survival payouts during teen years, lump-sum maturity, education/marriage funding, premium waiver if parent dies, loan facility, bonus additions, and tax benefits under Sections 80C and 10(10D).
Do you have any thoughts you’d like to share?