New Children Money Back Policy explained in simple words
The New Children Money Back policy is ideal for people with growing kids.
The policy can be taken for children of the age 0-12 years. Money back starts after the child is 18 years old and then at 20 years, 22 years and 25 years.
The policy also has accidental death benefit.
New Children’s Money Back Plan
Secure your child’s future with LIC’s Children plan. Gift your children the present of freedom. Freedom to choose what he wants to be, freedom of starting a business, freedom of studying at the prestigious colleges.
The plan can be purchased for children between he age of 0 to 25 years. The maturity of the plan happens when the child attains the age of 25 years.
The premium of the policy is approx. 22,000 if the maturity amount is 5 lakhs.
The policy premium can be paid yearly, half-yearly, monthly
If you are in Gurgaon, get in touch with us to understand Jeevan Anand in simple language and see how it can be of tremendous use to you.
Other Policy Benefits
Yes, loan is available on the New Children Money Back policy
Yes, revival of New Children Money Back policy is possible within 2 years from last premium paid date i.e. If you started a policy in 2000, paid premiums in 2001 and 2002 and due to some reason could not pay the premium for the years 2003 and 2004, the policy can be revived in 2004 with all benefits.
Yes, the policy can be surrendered after 3 years of policy. The surrender value of the policy is different for different policies and it mainly depends on how far the maturity date is.