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LIC Scheme: Nowadays, every parent wants their children's future to be completely secure. Planning for finances is crucial for education, college, career, and future life needs. However, making a large investment all at once is not easy for everyone. In such cases, small daily savings come in very handy. LIC's New Children's Money Back Policy has been introduced with this idea in mind. With this policy, a substantial fund can be created for children by saving just Rs. 150 per day. This is why this scheme is becoming quite popular among middle-class families and new parents. Even with a low income, this plan helps secure children's future.

LIC's Easy and Reliable Policy for Children
The LIC New Children Money Back Policy is specifically designed keeping children in mind. The child's age should be between 0 and 12 years. This is a non-linked policy, meaning there is no risk from the stock market. Your investment remains completely safe. Additionally, it provides bonuses from time to time, which increase the maturity amount. This policy is considered a safe option for parents who do not want to take any risks.

How Rs. 150 Daily Investment Can Become Rs. 19 Lakhs
If you save approximately Rs. 150 every day, it amounts to about Rs. 4500 per month. Over a year, this amount reaches around Rs. 55,000. If you continue investing in this way for 25 years, your total investment will be approximately Rs. 14 lakhs.  Adding the bonus and maturity benefits, this amount can reach up to Rs. 19 lakhs.

Money Back Benefit During Education Years
The best feature of this policy is its money-back benefit. When the child turns 18, 20, and 22 years old, 20 percent of the sum assured is returned each time. This provides significant help with college fees and professional courses. After that, at the age of 25, 40 percent of the sum assured is given along with the bonus. 

Why this plan is right for parents:
This policy offers the benefits of insurance, savings, and receiving money at fixed intervals. Even small savings can help create a large fund for your children.

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