8 min read
Updated on Feb 16, 2024
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!
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 2024 to help you make an informed decision for your child’s future.
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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:
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
It is a participating plan during which your daughter will receive the profits during the policy term itself. The best feature of LIC Jeevan Umang that makes it one of the most popular LIC plans for a girl child is that it offers a whole life cover for your girl up to the age of 100 years.
Benefits of LIC Jeevan Umang Plan:
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.
Buying an LIC policy for a girl child will turn out to be a beneficial investment for your daughter in the coming years. How? Let us discover this by reading the top benefits of investing in a girl child LIC policy:
You can purchase the best LIC policy for a girl child online as well as offline. Both these processes to apply for an LIC policy for a girl child are mentioned below:
|Online Purchase of a LIC Policy for Girl Child
|Offline Purchase of a LIC Policy for Girl Child
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.
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.
LIC Jeevan Tarun is the best LIC policy for a girl child. It is a policy especially designed to help your daughter meet future requirements by supporting her with education and other major expenses.
Some of the main benefits of investing in a LIC policy for a girl child are:
- Lump Sum Maturity Benefit
- Additional Rider Benefits
- Supports Girl’s Education
- Supports Future Expenses like Marriage
- Tax Benefits Under Section 80C of the Income Tax Act
Some of the documents required for the LIC girl child policy are:
- Proof of Age
- Proof of Identity
- Proof of Address
- Proof of Bank
The eligible entry age for a girl child LIC plan in India is 90 days.
LIC offers some special plans to sponsor a child’s education. These LIC child plans help offer funds for the education of the child enabling parents to indulge in a proper upbringing of the child by lending a financial hand in meeting his or her future expenses.
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