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Lic New Children Money Back
VS
Lic New Endowment
| PLAN DETAILS |
Lic New Children Money Back |
Lic New Endowment |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 25 years | Maximum Maturity Age - 75 years |
| Premium payment term | 25 minus Age at Entry | Same as policy term |
| Plan Entry Age | Minimum Age - 0 years Maximum Age - 12 years | Minimum Age - 8 years Maximum Age - 55 years |
| Sum assured | Rs 1 lakh to No limit | Rs 1 lakh to No limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 25 minus Age at Entry | Minimum term - 12 years Maximum term - 35 years |
| Claim Settlement Ratio (2024-25) | 98.5% | 98.5% |
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LIC New Children Money Back Plan 932 Details LIC Endowment Assurance Policy Explained | Best LIC Plan for Savings & Insurance |
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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:
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