LIC Children Money Back 932 Explained with Example I Best Child Plan in 2024 I Detailed Review

This Video is made to help you understand about the Best LIC Child Insurance policy. LIC Children Money back Policy (Plan No.932) is a flexible money back plan for Child and it is introduced by LIC of India. This plan is a non-linked plan means it has a guaranteed return component. The LIC Children Money back Plan is the best plan for the child age 90 days to 12 years to meet their financial requirement, educational & Marriage requirements. It is a limited premium payment plan. Best part of this plan is the sum assured, minimum sum assured is only 100000 and maximum has not limit. This is a flexible plan which offers all kinds of advantages such as Death advantages, Maturity advantages, and Survival advantages.
Also, LIC gives the freedom to the customers to choose the maturity options how can they get as per the requirement.
Eligibilty Criteria
• Minimum Basic Sum Assured: Rs. 1,00,000/-
• Maximum Basic Sum Assured: No Limit
• Policy Term: 25 – Age at entry of the child
• Premium Paying Term: 20 – Age at entry of the child
• Minimum Entry Age: 0 Year Last Birthday
• Maximum Entry Age: 12 Year Last Birthday
• Age at Maturity for Life Assured: 25 years
• Mode of Premium Payment: Yearly, half-yearly, quarterly & monthly
• Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D).
All the details related to eligibility, benefits, and riders are available in the video.
I am sure that after watching the complete video, you have all answers of your query that you have regarding the LIC Children Money back Plan.
Watch the complete Video for more details:
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LIC Children Money Back 932 Explained with Example I Best Child Plan in 2024 I Detailed Review in Hindi
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