Lic s new childrens money back plan t 832 is intended to help you in meeting the educational or marriage expenses of your child. The childs life is also protected through life insurance coverage. Lics new childrens money back plan is a insurance cum investment plan which can be used for securing the financial needs of a child as they turn 25 years. Lic new childrens money back plan plan table no 832 is a new money back plan from life insurance corporation of india lic. Lic new children money back plan 832 is a nonlinked, withprofit, regular premium payment money back plan. Detail,lic money back plan 832,lic new childrens money back plan,lic. You can use this to calculate the lic new childrens money back plan 832 maturity value. About lic new children money back premium calculator. Maturity calculator lic childrens money back plan 832. Lics accidental death and disability benefit rider attached file is in pdf document format. This plan is a nonlinked money back policy for growing children. New children s money back plan 832 premium calculator lic s new childrens money back plan is a participating nonlinked money back plan.
Lic new children s money back plan table no 932 endowment plan premium and maturity calculator calculate your lic new children s money back plan table no 932 endowment plan premium and maturity returns offered by of lic of india based on your past history. This policy will get matured by the 25th age of the child, irrespective of at whatever age the policy has been taken money back equal to 20% of the sum assured will be provided at the 18th, 20th and 22nd age of the child. The lic new children money back plan is a non linked plan specially designed to meet the financial needs of children. Why not to invest in lic new childrens money back plan. This plan is designed to help parents meet the expenses of a growing child.
Child money back,lic children money back policy,lic table no 832. After the completion of 18 years, the policy will vest in. Lic new children money back premium is a regular premium payment money back plan. The maturity in lic children money back plan is payable when the child is turned 25years of age. Lic new children money back policy is specially designed to meet various financial needs of children through money back.
Life insurance corporation of india child future plan. Few days back, lic has introduced new children s money back plan table no. New children money back policy was launched on 4th march, 2015. Lic new children money back plan 832 policy details. The vested simple reversionary bonus rates are per 1,000 sum assured. Lic s new children money back premium is a regular premium payment money back plan and offers risk cover on the life of child during the policy term and number of. A traditional money back plan that secures the child s future even if the death separates the parents. Lic children money back policy 832 key feature is profit and offers regular premium payment money back policy. Lic new child money back plan features lic child plan. Visit the official website of lic and fill up the online form that includes some essential personal details like name, date of birth, annual income, number of dependents, email id, contact number, state, country and pin code to allow their expert representatives to get in touch with you. Lic new children money back plan best child insurance plan. Best lic plans to invest in 2020 latest high return plans policyx.
Summary of lic new children s money back policy lic s new childrens money back plan is a insurance cum investment plan which can be used for securing the financial needs of a child as they turn 25 years old. New children money back plan is a participating nonlinked money back plan. The policy term for lic s new children s money back plan is 25 years and in case the age at entry of the life assured is less than eight years, the risk under this plan will commence either one. New children s money back table832 jeevan tarun table834 term plans. Each plan can be subjected for one individual at one time. Detail, lic money back plan 832,lic new childrens money back plan,lic. Life insurance corporation of india new childrens money. Children s money back plan provides complete premium details as per child age, sum assured and fathers age. Bonus rates for lic new childrens money back plan table no. In place of comparing they started saying both are horrible and waste and useless bla bla bla coming to question. Premium and maturity calculator lic new childrens money. Life insurance corporation of india insurance plan lic. This is a participating plan with limited premium payment choice.
Lic new children money back policy 832 is a nonlinked withprofits and this plan is specially designed to meet various financial needs of children through survival benefits. Home products insurance plan new childrens money back plan new childrens money back plan plan no. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on. Lic premium calculatornew childrens money back table832 lic premium calculator. You can buy the lic new children money back plan from the nearest lic branch office or through online at the lic s official website or from the lic agent. Also read about how to check lic policy status online. Lics new children money back planpolicy is an insurance cum investment plan which is used for securing the financial future needs of a child.
Lic new childrens moneyback plan, traditional moneyback child. It has premium waiver benefit option, which waives further premiums in case of death of the father proposer. Please use above calculator to calculate premiums and. Lic new children money back plan 832 full details, call. It provides the risk cover on the life of child not only during the policy term but also during the extended term i. Money back at the rate of 20 % of sum assured is available from 18th year of age of the child. Lic s new children s money back plan 832 premium and maturity calculator the plan is specially designed to provides financial freedom for children through survival benefits. Calculate lic new children s money back plan table no 932 endowment policy premium and maturity benefits online. Lic new children money back policy is one of the best children s insurance plan covering education, wedding and multiple other needs that children need during their growth years. Lic childrens money back plan 832 premium calculator. Lic new children money back policy is a regular premium payment money back plan. In new children money back plan 832, there is no risk cover on life of father, so no death claim amount in case of death of father.
It is a participating plan and hence is eligible for bonus depending on the performance of lic. In addition, the childrens life is also insured by this policy. This video helps you to understand the lic children money back. Lic children money back policy plan no 832 features. Provides risk cover on the life of child during the policy term and number of survival benefits to meet the various financial needs of children. This plan is specially designed to meet the educational, marriage and other needs of growing children through survival benefits. An important feature of this type of policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without. Lic s new children money back policy is one such revised policy which aims to meet education, marriage and other financial requirements of growing children. It is a nonlinked money back plan with regular premium payment policy. Lic s new childrens money back plan is a participating nonlinked money back plan. Lic s new children s money back plan is specially designed to meet the educational, marriage and other needs of growing children through survival benefits.
This plan is specially designed to meet the increasing educational, marriage and other needs of growing children. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. New childrens money back plan 832 premium calculator. This number has to be quoted in all relevant documents furnished to the policyholders and other users public, distribution channels, etc.
The child s life is also protected through life insurance coverage. The policy term will be based on the maturity age 25 years minus the entry age. This new money back plan is a nonlinked, with profits and regular premium payment policy. New childrens money back table832 following premiums are sample and calculated as per parameters given in first table. At maturity, you get the unpaid sum assured along with vested bonuses.
Lic new children money back policy provides risk cover on the life of child during the policy term and additional survival benefits on surviving of the children until the end of the policy period. Also, a simple reversionary bonus is payable on maturity. There are many advantages to investing in lic s new childrens money back plan. This participating, nonlinked money back scheme offers survival benefits in addition to the risk cover for children. Lics new childrens money back plan is a traditional money back child plan designed to secure the child s future even if the parent is not around. Lic new money back 20 years 820 premium calculator get. Whats more, lics new money back policy provides accidental death and disability benefit riders. The documents required for buying lic new children money back plan no. Children money back plan 832 jeevan tarun 834 whole life. Lic new childrens money back plan is a regular premium payment money back plan. Like all money back plans, you get guaranteed payback percentage of sum assured from the insurer during the premium payment term. It provides for the risk cover on the life of child during the policy term and number of survivals to the end of the specified duration. Lic childrens money back plan 832 complete details.
Lic new childrens money back plan table no 832 is a traditional plan. The new childrens money back plan from lic is a unique plan designed to cater to multiple needs of growing children, including their education, wedding, etc. You can apply for a lic child plan in two ways online or through distributors. Lic premium calculator new money back 20 years table820. Please use above calculator to calculate premiums and benefits as per your age, term and sum assured sa.
Lic s new childrens money back plan is nonlinked, with profits, regular premium payment money back plan specially designed to meet various financial needs of children through survival benefits. New jeevan akshay vi 189 new jeevan nidhi 818 single premium. Life insurance corporation of india money back with profit lic. Lic new childrens money back plan table no 932 policy. Lics new childrens money back plan is a participating. After the completion of 18 years, the policy will vest in the name of the life assured. Lics new childrens money back plan is a traditional money back policy which participates in the profits declared by the insurance company.
The unique identification number uin for lic new children money back policy 832 is 512n296v01. Please enter following details to calculate yearly, half yearly, quarterly and monthly premiums. Lic s new children money back plan 832 non linked, withprofits, regular premium payment money back plan. Home products insurance plan new children s money back plan. New bima bachat 816 new money back plan 20 years 820 new money back plan 25 years 821 children money back plan 832 jeevan tarun 834 bima diamond 841 childrens. New childrens money back plan is designed in such a way that, money backs at the rate of 20 % of sum assured shall be obtained on 18 th, 20 th and 22 nd year of age of the child.