LIC has a range of schemes. This article will provide information about a LIC special scheme that will allow you to receive a benefit of an amount of 10 lakh rupees. There are many schemes run by LIC and a lot of services are provided. The name of the plan is New Children Money Back Plan. The scheme is available for children ranging from 0 up to 12 years old.
The money is accessible in installments.
Life Insurance Corporation’s New Children’s Money Back Plan policy can be used for a period of 25 years. This policy allows you to receive the amount due at maturity in installments. The amount is due the first time around the time your child is 18. It is then paid at the time the child turns 20 years old, and for the third time when he or she is 22 years old.
Where can I buy the policy?
The policy is available by an agent or via the LIC website. The purchaser must provide proof of age and identification of the child as well as his/her own identity.
Who is eligible for LIC special scheme?
Under the scheme, parents are able to be appointed on behalf of the child who is between the ages of 0 and 12 years old, and insurance can be purchased for a minimum of Rs 10,00,000.
How do I get 10 lakhs
In this policy, if a customer selects LIC New Children Money Back Plan with a period of 20 years. If they choose the premium payment option within one year. The person will pay a cost of Rs 30,000 per year. This means that after two decades i.e. at the time of maturity, it will amount to Rs 10,00,000.
Read More: Every citizen is in so much debt revealed government in a startling figure
|
|
 Facebook Page |
Click Here |
| Twitter |
Click Here |
| Instagram |
Click Here |
