INSUBCONTINENT EXCLUSIVE:
LIC Insurance: LIC allows a minimum sum assured of Rs 1 lakh in the New Children's Money Back Plan.State run Life Insurance Corporation
(LIC) of India offers various insurance products such as term insurance plans, endowment insurance plans, money back plans, pension plans
LIC New Children's Money Back Plan is one of the money back plans offered by the LIC which can be purchased by any parent or grandparent
in favour of children up to 12 years in age
LIC's New Children's Money Back Plan is focused on needs such as educational and marriage of children, according to the insurance
major's website - www.licindia.in
(: LIC New Money Back Plan-20 Years: Sum Assured, Premium, Other Details Here)The LIC New Children's Money Back Plan can be purchased by
any parent or grandparent for a child up to 12 years in age, for a minimum sum assured of Rs 1 lakh
This LIC policy does not have any upper limit for the sum assured, according to the insurer's website
(: LIC Jeevan Umang: Premium, Sum Assured, Eligibility, Other Details Here)The policy term for LIC New Children's Money Back Plan is 25
years and in case the age at entry of the life assured is less than eight years, the risk under this plan will commence either one day
before the completion of two years (from the date commencement of policy) or one day before the policy anniversary coinciding with or
immediately following the completion of eight years of age, whichever is earlier, according to LIC
(: LIC New Jeevan Anand Plan: Premium, Eligibility, Benefits, Details Here)Here are some key details about the money back provided by LIC
under the New Children's Money Back Plan:LIC offers money backs, periodic payments or 20 per cent of the basic sum assured to the policy
holder on completion of 18 years, 20 years and 22 years of age, according to its website
(: From Pension To Premium, Here's All You Need To Know About LIC's Jeevan Shanti Policy)On the maturity of LIC's policy the remaining
40 per cent of sum assured is paid to the policyholder along with simple reversionary bonuses and a final additional bonus, according to LIC
(: LIC New Jeevan Nidhi Policy: Premium, Pension Amount And Other Details You Need To Know)Here are some sample premium rates to be paid
under the LIC New Children's Money Back Plan, as listed by the insurer:Age (in years)Premium (Rs.)044.15557.001080.601293.90Premiums can
be paid at yearly, half-yearly, quarterly or monthly intervals, and the policy lapses in case the premium is not paid within the grace
A lapsed policy can be revived within a period of two consecutive years from the date of first unpaid premium but before the date of
maturity, according to the LIC website
(: LIC Pension Plans: Jeevan Shanti, Jeevan Akshay-VI, Vaya Vandana Yojana Compared Here)Election Results for Lok Sabha Election 2019 will
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