4 Best LIC Policy for Girl Child – Top LIC girl child plan, their key features and basic details 2023

To give wings to the dreams of your daughter so that she can excel in life and secure her career, it is important for the parents to avail the best LIC policy for girl child. Let’s discuss the top 4 LIC schemes for girl child here.

Girls these days are career minded, independent and self-sufficient. They are achievers and excels in every sphere. All that they need is the right direction and little support from parents. Hence, it is important that parents should allow them the independence to choose a career of their choice in different fields. And for this they must invest in the best policy from LIC so as to secure the future and life of their daughters. With LIC policy, you can ensure to support your daughter financially even if you are not around.

Since no one can predict life and the unforeseen events that may arise, it is better to stay prepared. And the best way to secure your little one from any misery in life is to seek the support of insurance policies in the form of LIC’s best child plan. So, parents, especially of girls should ensure high protection by picking the right insurance plan for their daughters. This way they can protect their daughter from unnecessary struggles. Moreover, these LIC child education plans also support your child in achieving her career goals.

4 Best LIC Policy for Girl Child in India 2023

1. LIC New Children’s Money Back Plan
2. LIC Jeevan Taruny
3. LIC’s Aadhar Stambh
4. LIC Jeevan Labh

Visual Stories by PayBima

How to Change Your Address on Your Driver’s Licence – A Step-by-Step Guide

A Nutrient-Rich Guide to Healthy Diwali Eating

The Top 10 Women’s Multivitamins in India and Their Health Benefits

A Comprehensive Guide to Updating Bank Details in an EPF Account

A Full A-Z Guide to EPF UAN Login, Activation, and Related FAQs

View all Web-stories

Here, choosing the right insurance company and a perfect plan is important. In this post, we are discussing some of the best LIC policies for children so that parents can evaluate them and make the right insurance decision.

1. LIC New Children’s Money Back Plan

When it comes to life insurance plans for children, the LIC New Children’s Money Back Plan is counted as a significant name among the best LIC policies for a girl child. It is a traditional policy with survival benefit designed especially to cater to the needs of girls.  It is a risk cover plan that provides life coverage to the child during the tenure of the policy. It also provides survival benefit if the policyholder survives the plan.

New Children’s Money Back Plan is a double benefit policy that offers both investment and insurance facilities. Being a participating plan, it allows the insured to avail bonus along with a lump sum cash at maturity.  Thus, the plan could easily secure the future of the child till the age of 25 and support her to achieve targeted milestones.

In addition, the child can avail 20 percent of the sum assured at three different stages in life at 18, at 20 and at 22 years. Further, if unsatisfied the policyholder can withdraw from the plan within 15 days of purchase.

Key Features of LIC New Children’s Money Back Plan

2. LIC Jeevan Taruny

Another good scheme of insurance for a girl child is the LIC Jeevan Tarun plan, which is a non-linked participating plan available with the option of limited premium payment. Like in the earlier case, this plan also offers the security of protection along with the benefit of savings. This plan is normally used by parents who want to secure their daughter’s higher education plans and career along with serving other purposes. The premium in this LIC plan for kids needs to be paid till the child is 20 years old, while the plan remains active till she reaches 25 years.

The risk cover on the plan starts when the child turns 8 or after 2 years of policy initiation, whichever is early. If the parents of the child die before the start of the risk cover, the nominee receives death benefit with no additional incentives. However, if the insured survives the policy term, he/she gets maturity benefit and other advantages.

Key Features of LIC Jeevan Taruny

3. LIC’s Aadhar Stambh

Aadhar Stambh, another LIC for children, is a non-linked participating policy with both savings and protection benefits. This plan secures a family financially in the event of a mishap along with accumulating wealth for future in the form of maturity amount received for surviving the policy. The sum assured for the policy is INR 75,000 (min) and INR 3 lakhs (max). The entry age of the policy is 8 years, while 55 years is the maximum age at which one can enter the plan.

Key Features of LIC’s Aadhar Stambh

4. LIC Jeevan Labh

Another beneficial policy for a girl child is the LIC Jeevan Labh plan that allows the child to get coverage at the age of 8. The plan is available with a minimum sum assured of INR 2 lakhs with no upper limit.  Further, this policy allows the insured to avail loan facility during emergency. The maturity benefit under the plan is available in lump sum amount or in installments at three different stages of the child’s life including 16 yrs, at 21 yrs and at 25 yrs.  Further, this attractive policy also allows the insured to avail different riders as per choice. The minimum term of premium payment under this plan is 10 years, while 16 years is the maximum term.

Key Features of LIC Jeevan Labh

Read More: Life Insurance Glossary A to Z You Should Know

Popular General Insurance Companies India, 2023

To Sum Up

LIC is a renowned and trusted name in India and one of the earliest insurance companies in the country.    LIC offers a range of policies at affordable charges, including several beneficial and best LIC policies for children. However, the potential policy buyer should compare the plans and their features before buying it.

LIC’s insurance policies can be bought online or offline depending on the feasibility of the policy buyer. A buyer is expected to read the policy papers properly while buying a LIC policy for their child and should choose the premium as per their needs.

Related Articles:

• Is LIC maturity amount taxable or not?
• What are the late payment charges and fee for LIC premium?
• Sukanya Samriddhi Yojana vs LIC Kanyadan Policy
• How to check LIC policy status online with and without registration
• How to Get a Duplicate LIC Policy Bond Paper in 5 Easy Steps?
• How to download LIC premium payment receipt online in simple steps?
• 4 Best LIC policy for girl child 2023
• 6 Top 5-Year Duration LIC Plans 2023

 

View this post on Instagram

 

A post shared by paybima (@paybima)