LIC New Children Money Back Plan – LIC has remained one of India’s most trusted insurance companies for decades. From children to senior citizens, LIC offers plans to suit every stage of life. For parents who want to secure their child’s education, marriage, and future needs, LIC’s New Children Money Back Plan is one of the safest and most reliable options.
This plan is specially designed to help parents build a long-term financial cushion without worrying about market risks. With small daily savings, it is possible to create a sizeable corpus that supports major milestones in a child’s life.
Why This Plan Is Considered One of the Safest Options for Children?
The New Children Money Back Plan is a non-linked, participating policy, which means your investment stays protected from market fluctuations. Parents can begin investing for children aged 0 to 12 years, making it suitable even for newborns.
By saving just ₹150 per day, you can build a strong financial safety net for education, higher studies, or even wedding expenses. The plan also includes life cover, periodic money-back payouts, and attractive bonuses, ensuring stable long-term returns.
How You Can Build a ₹19 Lakh Fund with a Small Daily Saving?
- If you invest ₹150 per day, it comes to around ₹4,500 per month and nearly ₹55,000 per year.
- Over 25 years, this has become approximately ₹14 lakh in total payments.
- At maturity, LIC adds bonuses and interest, taking the total value to nearly ₹19 lakh.
- This final amount can be used for your child’s higher education, professional courses, or marriage, without any financial stress.
Flexible Premium Payment Options for Every Budget
LIC allows parents to pay premiums monthly, quarterly, half-yearly, or annually. This flexibility makes the plan suitable even for families with a limited income.
By encouraging disciplined savings, the policy helps parents build a long-term fund effortlessly. Even people with modest earnings can start investing without financial pressure.
When Does the Child Receive Money Back?
Under the New Children’s Money Back Plan, children receive fixed portions of the insured amount at specific ages:
- At 18 years, 20% of the sum assured
- At 20 years – another 20%
- At 22 years – another 20%
- At 25 years, the remaining 40% plus bonus
These payouts help cover essential milestones, such as admissions, higher education, or early-career needs.
Why Parents Prefer This Plan for a Secure Future?
The plan combines security, guaranteed payouts, and long-term wealth creation. With protection against market risk and the benefit of bonuses, parents receive a stable, predictable return on their investment. The maturity amount can cover key expenses and ensure financial limitations do not constrain the child’s dreams.