LIC Child Career Plan

Recommendations :No

Name of the policy :
LIC Child Career Plan

A brief desciption :

LIC Child Career Plan is a Money Back Endowment Plan for the benefit of a child such that Sum Assured plus Bonus is paid immediately to the nominee on death of the Life Insured after commencement of risk. However, if the child outlives the entire tenure, then he actually receives 105% of the Sum Assured. He would receive 30% of the Sum Assured along with vested Simple Reversionary Bonuses 5 years before the date of expiry of policy term. Then he would receive 15% of the Sum Assured in the last 4 years, 3 years, 2 years and 1 year before Maturity of the policy. Also, when the policy matures, he would receive the remaining 15% of the Sum Assured along with Final Addition Bonus, if any.

Started date :25/1/2007
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 1 Lakh Max- 1 Crore
Returns expected :Less than Fixed Deposit
Entry age :0-12 Years

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