LIC New Scheme: LIC has launched a new policy in the market. This policy is very useful for parents with young children. The LIC New Children Money Back Plan or LIC Shishu Money Back Plan is designed to secure the future of children.
Parents can start investing in this policy for children aged 0 to 12 years. The policy gives regular returns, additional bonuses, and life cover. It is more profitable than post office savings or fixed deposits.
This report explains all the benefits, returns, rules, and regulations of this policy.
These days, every parent thinks about how to secure their child’s future. The LIC New Children Money Back Plan is a smart way to build a fund of lakhs of rupees by investing just ₹150 daily. This scheme is more profitable than post office savings schemes or bank fixed deposits because it gives good returns along with insurance coverage.
This plan helps parents achieve big goals in the long run by starting with small amounts. It is perfect for those who want to save regularly. It not only grows money but also ensures the safety of their children.
What is LIC New Children Money Back Plan?
The LIC New Children Money Back Plan is made specially for children’s future. Parents can take this policy for children aged 0 to 12 years. It is a non-linked insurance plan that gives bonuses along with investment.
With the money back feature, money is returned at fixed times, which is very helpful. The plan also provides peace of mind because it has risk coverage. It can help pay for expenses like a child’s education or marriage. The plan is easy to start and has no complications.
Why It Is Ideal for Small Savings
By investing just ₹150 daily, you can get big results with the LIC Small Savings Scheme. This flexibility is not available in post office schemes. Returns grow a lot because bonuses are added at maturity. The premium of this plan depends on the age of the child — the younger the child, the lower the premium. You can start with a small part of your monthly income. This plan also helps prepare for unexpected expenses in the future. For new parents, this scheme can be a very good choice.
How to Get ₹19 Lakh
By depositing ₹150 daily in the LIC New Children Money Back Plan, you invest ₹4,500 per month, or about ₹54,000 per year. If you continue for 25 years, the total investment will be around ₹13.5 lakh. With the bonus added, the total amount grows to about ₹19 lakh.
This money can cover your child’s college fees or education abroad. The key is to invest regularly. Start small and earn big profits. If you were looking for such a plan, this is the right solution.