Secure Your Child's Future with LIC's Special Plans

Ensuring a Bright Future for Your Children

Every parent aspires for their child's education and marriage to proceed smoothly. To address this need, the Life Insurance Corporation of India has introduced several unique plans. The standout feature of these plans is that even if something unfortunate happens to the policyholder, the child's future remains secure. Here, we present three popular LIC plans in simple terms.

Jeevan Lakshya Plan

The Jeevan Lakshya Plan offers both security and savings benefits. In the event of the policyholder's untimely demise, the family receives a predetermined amount annually. Additionally, upon policy maturity, a lump sum amount along with bonuses is provided. This plan is particularly beneficial for parents looking to secure significant expenses like their children's education and marriage in advance.

Jeevan Tarun Plan

Designed with children's futures in mind, this plan begins disbursing funds when the child turns 20, continuing until they reach 25 years of age. Its primary goal is to create a robust financial foundation for higher education and career initiation.

New Children's Money Back Plan

This plan ensures periodic payouts. The child receives funds at ages 18, 20, and 22, with the remaining amount and bonuses disbursed at 25. Notably, if the policyholder passes away, future premiums are waived, yet the child continues to enjoy all benefits.

Why Choose These Plans?

These three plans not only serve as excellent savings options but also provide security for children's futures. If you seek a secure and well-planned financial backup for your child, these plans could be the perfect solution.