After 25 years the total deposit amount will be Rs 14 lakh and the total amount with money back on maturity will be Rs 19 lakh for the account holder.
Life Insurance Corporation of India. On one hand, the Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC), the country’s largest insurance company, has opened from May 4, 2022. On the other hand, we have brought such a policy of LIC for you, in which you can get around Rs 14 lakh by investing Rs 150 per day.
Actually, if you are worried about the future of your children and are thinking of investing, then there is no better option than Life Insurance Corporation of India. By the way, LIC has a lot. The whole policy is there, but today we are going to tell you about LIC’s New Children Money Back Policy which is a non-linked life insurance policy. In this, investors also get guaranteed returns and bonuses.
It is also known as New Children Money Back Plan. You can invest Rs 150 per day in this plan, so your total annual income will be Rs 55,000. After 25 years the total deposit amount will be Rs 14 lakh and the total amount with money back on maturity will be Rs 19 lakh for the account holder. But this rule is applicable only if the insured does not die during this period, if you do not want to withdraw the money, then you will get the full amount along with interest on the maturity of the policy.
You can buy this policy for 25 years. In this scheme, after 18 years of the child, for the first time money back, after 20 years for the second time and for the third time you will get the benefit of money back at the age of 22 years. In three money backs, you are given 20%-20% of the amount and on maturity, you get 40% of the total amount after the child turns 25.
Important points for taking a policy
- Your child’s age should be between 0 to 12 years.
60% money back and 40% on maturity.
- You can choose a minimum amount of Rs 1 lakh and a maximum amount as per your requirement.
- The policy is made for 25 years. In this, you get the maturity amount in installments.
- It is paid for the first time when the child turns 18.
- If the installments are not paid, the lump sum amount along with interest is paid.