Top News

By Jitendra Jangid- Friends, our life is full of uncertainties, we do not know what will happen here, so we should be prepared for our future, especially financially, in such a situation we should invest a part of our earnings in a scheme from which we get good returns, one such scheme has been introduced by Life Insurance Corporation of India (LIC) New Children's Money Back Plan, a policy that not only provides financial security to your child but also gives attractive returns on investment, let's know about it-

What is LIC's New Children's Money Back Plan?

This is a specially designed child-focused insurance-cum-investment plan that supports your child's financial journey from adolescence to adulthood. With just ₹150 per day (approximately ₹4,500/month), you can build a fund of up to ₹19 lakh in 25 years.

How does it work?

Start early: Start investing right from the time your child is born.

Daily investment: ₹150/day or ₹4,500/month.

Annual investment: ₹55,000 approx.

Policy term: 25 years.

Total investment: Approximately ₹14 lakh.

Maturity amount: Up to ₹19 lakh (includes sum assured + bonus + interest).

Where can this fund help?

You can use the maturity amount for major life expenses such as:

Higher education (domestic or abroad)

Marriage

Starting a business or career assistance

Money-back benefits during the policy term

LIC offers periodic payouts to support expenses at crucial stages of your child's life:

Child's age payout

18 years 20% of sum assured

20 years 20% of sum assured

22 years 20% of sum assured

25 years 40% of sum assured + bonus

These interim benefits provide timely financial support when it is needed the most.