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Lic New Children Money Back vs Fixed Maturity Plan

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Lic New Children Money Back vs Fixed Maturity Plan

Lic New Children Money Back

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. This is why there are certain premium policies available for children to secure their future on the whole. LIC's New Children Money Back Plan (Plan No...

Fixed Maturity Plan

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from fin...

PLAN DETAILS

Lic New Children Money Back


Fixed Maturity Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Plan Uniqueness
  • Death Benefits Maturity Benefits
  • Survival Benefits
  • Policy loan
  • Enhanced sum assured
  • Tax benefit
Plan Maturity age Maximum Maturity Age - 25 years 70 years
Premium payment term 25 minus Age at Entry Single, Limited, Regular
Plan Entry Age Minimum Age - 0 years Maximum Age - 12 years 8 years
Sum assured Rs 1 lakh to No limit Rs. 15000- no limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Limited, Regular
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 25 minus Age at Entry Minimum-5 to Maximum-10 years.
Claim Settlement Ratio (2024-25) 98.5% 98.65%
Recommended Videos
LIC New Children Money Back Plan 932 Details

LIC New Children Money Back Plan 932 Details

Know More About Plans

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. This is why there are certain premium policies available for children to secure their future on the whole. LIC's New Children Money Back Plan (Plan No: 932) is especially known for its benefits for growing children. Two features why parents and grandparents choose this policy for their beloved children are- that security is given till 25 years old and then offering maturity with a lump sum amount for fulfilling important tasks.

LIC New Children Money Back Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Grace Period
  • Policy Revival
  • Survival Benefits

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