6 min read
Updated on Apr 12, 2023
When it comes to our children, we only want the best for them, right? The best education, the best marriage ceremony for them, the best in everything. However, the best always demands a little more money; adds a little more burden on our finances. But with child plans in insurance, this burden gets reduced considerably. The LIC girl child plan is an aim in this direction, helping parents fearlessly see dreams for their children because these dreams can now be realized as well!
Also Read: Top LIC Insurance Policies For Girl Child
LIC child plans help you realize these aspirations and secure the whole life of your child financially. Here are some of the best child plans offered by LIC in 2023 to help you make an informed decision for your child’s future.
Here are some of the top child plans by LIC in 2023 that you can consider to invest in for a better future for your child. We present here the key features and benefits of each:
This is the LIC child education plan that has been particularly designed to help you take care of your child’s higher education without any stress. Besides, the plan serves the dual purpose of encouraging savings as well as offering protection for a lifetime for the child.
Features of LIC Jeevan Tarun Plan:
Benefits of LIC Jeevan Tarun Plan:
Also Read: How To Surrender LIC Policy Online
This plan is specifically designed by LIC for girl child in India. The plan offers financial protection to the girl child at a very less premium payment. This LIC plan for girl child ensures that you never have to worry about supporting the educational and marriage expenses of your daughter.
Features of LIC Kanyadan Policy:
Benefits of LIC Kanyadan Policy:
Also Read: Sukanya Samriddhi Yojana Versus LIC Kanyadan Policy
As the name suggests, this plan is designed specifically to cater to the major future goals of your child – their education, marriage, and other life expenses. The major benefit of this plan is that it provides risk coverage to the child not only during the entire term of the policy but also for an additional extended period of 7 years.
Features of LIC Child Future Plan:
Benefits of LIC Child Future Plan:
One of LIC best child plan, this scheme assures a guaranteed sum to secure the future of your child financially. This is also a savings-cum-insurance plan that comes with profits and allows for only single premium payment, thereby not causing any financial burden on the parents.
Features of LIC Single Premium Child Plan:
Benefits of LIC Single Premium Child Plan:
Read More: Investment For New Born Baby
All of LIC’s child insurance plans are aimed at financial security for the child so that they don’t stay away from realizing their dreams. You can look up the web portal of LIC and choose the lic scheme for girl child that best suits your specific requirements. However, based on research, LIC Children Moneyback Back Plan is highly preferred among most parents.
The regular payouts offered under the scheme every 2 years make it favorable among most parents. These payouts are handed over from the time the child turns 18 up to the age of 25 years to help compensate for their higher education.
Besides the LIC policy for girl child, it also allows for premium waiver benefit, meaning that in case of death of the parent, the premium amount to be paid for the remaining policy term would be waived off for the child. Moreover, all the benefits of the policy will remain in force and paid to the child so that they can continue to realize their goals and dreams in your absence.
There are several LIC child plans available other than the ones mentioned in this post. Go through the features and benefits of all of these and then pick the one that best suits your growing child’s requirements.
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One can purchase LIC child plans online and offline.
# To buy online you can visit LIC's official website and choose the plan and proceed with the payment.
# To buy offline you can visit nearest branch or connect with the LIC agents.
It is an insurance programme that provides money security for your child's goals and aspirations.
No, Section 10(10D) of the Income Tax Act of 1969 applies to this LIC tax advantage.
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