LIC Child Future Plan

Recommendations :No

Name of the policy :
LIC Child Future Plan

A brief desciption :

LIC Child Future 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. However, if the child outlives the entire tenure, then he receives 115% of the Sum Assured. He would receive 25% of the Sum Assured 5 years before the date of expiry of policy term. Then he would receive 10% 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 50% of the Sum Assured along with Vested Bonus and 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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