LIC Children's Plan Details & Features

Friday, March 1, 2013

LIC Of INDIA

LIC Children's Plan Details & Features | Features, Benefits Reviews, Premium, Maturity and Risk Cover

LIC Child plan are design to give good and financially secured life to your child. LIC Children plan gives you option to choose to fit your need, such as listed in below list.
It is the Premium Waiver advantage that secures your child upcoming if something unlucky happens to you. This makes them interesting, and a worth investing your money.
LIC Child Plan Currently Available Products to Purchase
1) LIC Jeevan Anurag – LIC Jeevan Anurag is plan designed for the children educational requirements. This plan can be taken on the parent’s life. The basic sum assured is given immediately on the death of the life assured during the term of the policy.
2) LIC Jeevan Kishore – LIC Jeevan Kishore is a plan which can be availed by the parent or grand parents of the children. It is an endowment assurance plan for children of less than 12 years of age.
3) LIC Jeevan Chhaya – LIC Jeevan Chhaya is a plan where financial protection is given against death during the term of the plan. LIC Jeevan Chhaya is an Endowment Assurance plan. Besides this benefit one-fourth of Sum Assured is payable at the end of each of last four years of policy term irrespective if the life assured dies or survives the duration of the policy.
4) LIC Komal Jeevan – LIC Komal Jeevan  a Money Back Plan which can be bought by the parent or grand parent for their child from the age of 0-10years. LIC Komal Jeevan plan gives financial protection against death during the duration of the plan with periodic payments on survival at specified durations.
5) LIC Child Future Plan – LIC Child Future Plan is a  policy where the future needs like education, marriage and other requirements are taken care of. This plan provides a benefit which not only takes care of the risk cover of the child during the policy but also after 7 years of the policy being expired.
6) LIC Child Career Plan – LIC Child Future plan is to meet the educational and other needs of the child. It provides the risk cover on the life of child during the policy term as well as 7 years after the policy has expired. There are also Survival benefits given to the life assured at the end of a specific duration.
7) LIC Children's Deferred Endowment (CDA) Vesting at 21 – This is an Endowment Assurance plan designed to enable a parent , legal guardian or any near relative of the child to provide insurance cover on the life of the child (called life assured).
8 ) LIC Children's Deferred Endowment (CDA) Vesting at 18 – This is an Endowment Assurance plan designed to enable a parent, legal guardian or any near relative of the child to provide insurance cover on the life of the child (called life assured).

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