Best LIC Policy for Girl Child 2022 Their Benefits & Features

LIC has a number of child plans to help secure the future of your child financially as well as to help you realize their dreams and life goals without worry.

Best LIC Policy for Children

4. LIC Jeevan Tarun

2. LIC Kanyadan Policy

3. LIC Child Future Plan

1. LIC Single Premium Child Plan

Here are some of the top child plans by LIC in 2022 that you can consider to invest in for a better future for your child. We present here the key features and benefits of each:

LIC Jeevan Tarun

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.

Features of LIC Jeevan Tarun Plan:

1. The plan involves payment of premium for a      limited term

2. It is a savings-cum-life insurance plan for      children

3. The scheme is one of the best investment      options to finance a growing child’s      educational expenses and other needs

Benefits of LIC Jeevan Tarun Plan:

1. Since LIC Jeevan Tarun is a life insurance plan, it     offers death benefits to the beneficiary of the     insured.

2. Upon completion of 20 years, the child is      entitled to receive a fixed percentage of the      sum assured for 4 years.

This plan is specifically designed by LIC to support the girl child in India. 

3. Premium waiver in case of death of the father

4. Rs. 10 lakh paid immediately to the beneficiary      upon death by accident

5. Rs. 5 lakh paid immediately upon natural death

2. Designed to make the girl child financially      independent in future

1. Upon policy maturity, full maturity amount to be      paid in lump sum

LIC Kanyadan Policy

Features of LIC Jeevan Tarun Plan:

Benefits of LIC Kanyadan Policy:

3. Flexible payment terms – monthly, quarterly,      half- yearly, and yearly

2. Insurance-cum-savings plan with profits

1. Limited premium-payment plan

LIC Child Future Plan

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.

3. The term of the policy is 11-27 years

2. Premium is payable every quarter, in six months, or      annually; deductions can be made through salary

1. The scheme is a money-back endowment plan

Features of LIC Jeevan Tarun Plan:

Benefits of LIC Child Future Plan:

3. The premium is waived off on the death of the      insured; however, the benefits of the policy still      remain active.

2. The policy also guarantees monetary death benefits      to the beneficiary of the insured.

1. If the insured survives the term of the policy, they     would be paid survival benefits in addition to     bonuses on term expiry.

LIC Single Premium Child Plan

One of LIC best child plan, this scheme assures a guaranteed sum to secure the future of your child financially.

3. Single premium payable under the plan

2. Term of the policy is minimum for 10 years and      maximum for 25 years

1. Offers an assured sum of at least Rs. 50,000

Features of LIC Jeevan Tarun Plan:

Benefits of LIC Single Premium Child Plan:

3. Loan facility provided

2. Two add-on riders available upon payment of extra      premium to receive comprehensive coverage

1. Offers simple reversionary bonus and final bonus     in addition to the sum assured

Which LIC Plan or Scheme is Best for the Girl Child or Boy Child?

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 child plan that best suits your specific requirements. However, based on research,  LIC Children Moneyback 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.

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