A child plan not only enables parents to financially secure the future of their children, but also acts as the guardian in case of the absence of the actual parent. LIC Child Insurance Plans assure parents of their ability to be a responsible provider for their children and guarantee a financially stable future.
Let’s take a look at the best plans in LIC for child:
LIC Jeevan Tarun Plan
The Jeevan Tarun Plan is a participating, non-linked limited premium payment plan that is a healthy mix of insurance and savings for your child’s future. It is an effective insurance plan that will enable you to fulfil his/her dreams of admission to the preferred education course, hostel charges and other expenses.
LIC New Children’s Moneyback Plan
The New Children’s Moneyback Plan is tailor-made to help your child achieve milestones like higher education, marriage, etc. by planning for the finances well in advance. It helps you to be prepared for the rising expenses involved in admissions at institutes for higher education, vocational training and other expenditures.
Child Career Plan
Child Career Plan by LIC, as the name itself suggests, is specially designed to meet the career planning goals of your child as well as other financial needs during his/her growth phase. The plan offers not just risk cover for life of the child insured but also substantial survival benefits in case the policyholder survives the entire policy term. The flexibility offered by this insurance plan is great and the customer is free to choose sum assured, premium amount, policy period mode of payment etc.