Secure Your Child's Future Today with LIC's New Children's Money Back Plan – Here's Why It's a Must-Have!

If you're a parent, you undoubtedly worry about your child’s future. To help alleviate those concerns, the Life Insurance Corporation of India (LIC) offers an excellent policy designed specifically to secure your child's future. Let’s dive into the details of the LIC New Children's Money Back Plan and the benefits it offers. Why Choose LIC’s Children’s Policy?

LIC's New Children's Money Back Plan is one of the best schemes available for children. Not only does it provide insurance coverage for your child, but it also offers several additional benefits for both the child and the parents. This plan ensures a safe investment, and LIC, being a trusted name, assures you peace of mind.

LIC New Children's Money Back Plan: Key Features

This LIC policy, known as the New Children's Money Back Plan, allows you to start investing with as little as ₹10,000. LIC is a trusted organization where people safely invest their hard-earned money, and this plan is no exception. It offers several benefits for both adults and children, making it a comprehensive policy.

Benefits of the LIC New Children's Money Back Plan

• Eligibility: This plan can be taken for children aged 0 to 12 years.
• Minimum Investment: You can start with an investment as low as ₹10,000, and there is no upper limit on the investment amount.
• Money Back at Key Ages: The policy provides 20% of the sum assured back at the ages of 18, 20, and 22, ensuring financial support at important milestones in the child’s life.

Coverage and Security

LIC's New Children's Money Back Plan is designed to offer financial security for children. The policy includes:

• Life insurance coverage, regular income, and money back at specific intervals.
• Guaranteed financial support for your child, even in the unfortunate event of the parent’s demise.
• Ensured that your child’s needs, including education and other essentials, are met even in difficult times.

Tax Benefits

The policy also comes with significant tax benefits:

• Premium payments and maturity amounts are eligible for tax deductions under Section 80C and 10(10D) of the Income Tax Act, providing further financial relief to the policyholder.

Conclusion

The LIC New Children's Money Back Plan is an excellent way to secure your child’s future. It provides financial security, ensures timely payouts at crucial stages of your child’s life, and even offers tax benefits. By investing today, you can ensure that your child’s future is both safe and prosperous.