Key Features of LIC Children Money back plan
Higher Return due high bonus
Survival benefit of 20% of Sum Assured at each policy anniversary following completion of 18 years of age.
20% of sum assured will be paid at 18th, 20th and 22nd year.
40% of sum assured along with bonus will be paid at maturity.
Ideal Plan for planning Child’s Education and Marriage
Options to avail accidental benefit and term riders
Premiums paid towards this policy are exempted from income tax under 80C
Eligibility Conditions and Other Restrictions :
a) Minimum Basic Sum Assured :Rs. 1,00,000
b) Maximum BasicSum Assured :No Limit
(The Basic Sum Assured shall be in multiples of Rs. 10,000/-)
c) Policy Term: [25 - Age of entry] years
d) Minimum Age at entry : 0 years
e) Maximum Age at entry: 12 years (last birthday)
f) Maximum Maturity Age :  years (last birthday)