Keeping the general public in mind, several schemes have been launched in the market. As there are some old schemes, some new schemes have been launched. There are many savings or investment channels in the market that not everyone is very aware of. Keeping the risk in mind, some people are looking for a safe option. Life Insurance Policy or LIC has been bringing one investment channel after another for the common people for years, which is known as policy.
Through this report, we are going to talk about a policy that will be useful for securing your child’s future. After a certain age, you can earn a lot of money for your child. You have to deposit only 150 rupees for that.
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Yes, by depositing just 150 rupees every day, you can save a large amount of money. LIC New Children Money Back Plan is such a policy through which you can save several lakhs of rupees separately for your child’s future. Now let’s understand some calculations, how much money you can earn in how many years by saving Rs 150 rupees daily.
By saving Rs 150 per day, you can accumulate a fund of Rs 19 lakh after a certain period. If you continue to invest at Rs 150 per day for 25 years, the total investment amount will be Rs 14 lakh. After bonus and maturity, it can increase to approximately Rs 19 lakh.
However, there are some things to keep in mind, when your child turns 18, 20, 22 and 25 years, you can get a chance to get back a part of the invested money. At the age of 8, 20 and 22, the sum assured is paid. And at the age of 25, 40% of the sum assured is paid as bonus.