Top News

LIC Children Money Bank Plan: Lakhs of rupees are spent on the education and marriage of children. In such a situation, if you need a large amount at once, then you cannot collect it. Therefore, many people collect a large amount for the future of their children by making small savings. Today we have brought information about LIC's Children Money Back Policy for you.

In this policy of LIC, you have to deposit Rs 150 daily. Also, when the time of maturity comes, you will have a fund of Rs 19 lakh. If you also want a secure future for your children, then you must know about LIC's Children Money Back Policy. Here we are telling you about this scheme in detail.

LIC Children Money Back Scheme

In this scheme of LIC, investment can be made in the name of a child of a minimum of 0 years and a maximum of 12 years. The maturity period of this scheme is 25 years of age. Suppose your child is 5 years old, then your policy will mature after 20 years i.e. when the child is 25 years old.

The maturity period is at 25 years of age.

The maturity period of LI's Children Money Back Policy is at 25 years of age. Let us tell you that in this policy, 20 percent of the basic sum assured is available at the age of 18, 20, and 22 years. Also, at the age of 25, he gets the 'sum assured on maturity' along with a bonus. The sum assured on maturity is equal to 40 percent of the 'basic sum assured (total amount of insurance)'.

You will get a fund of 19 lakhs in 25 years.
If you invest just Rs 150 in LIC Children Money Back Scheme from the time of your child's birth (although, its premium will be on a yearly, half-yearly, quarterly, or monthly basis), then you will get around 19 lakh rupees on maturity period of 25 years. If seen, at the rate of Rs 150 per day, you will deposit Rs 55,000 annually. Based on which a total of 14 lakh rupees will be deposited in 25 years. But with interest and bonus, you will get 19 lakh rupees.

Disclaimer: This content has been sourced and edited from TV9. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.