👶 LIC Children Plans
LIC Children Plans are specially designed to secure a child’s future by providing financial protection and savings benefits. These plans help parents build a strong financial foundation for education, health, major life milestones, and emergencies. Popular LIC New Children Plans include Table 734 – Jeevan Tarun and Table 774 – Amrit Baal.
Key Features of LIC Children Plans:
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1. Child Education Plans:
Provides funds at crucial educational stages like school, college, and higher studies through structured payouts. -
2. Child Health Insurance:
Covers medical expenses and critical illnesses for children, ensuring quality healthcare when needed most. -
3. Endowment Plans for Milestones:
Offers payouts at key milestones such as age 18, 20, and 22—supporting education and career goals. -
4. Term Life Insurance for Parents:
Ensures financial security for the child by providing a lump sum to the child if the parent (policyholder) passes away. -
5. Accidental Death & Disability Cover:
Provides additional protection in case the parent suffers accidental death or disability, keeping the child’s future secure. -
6. Maturity Benefits:
Offers lump-sum maturity benefits along with guaranteed or bonus-based returns depending on the plan. -
7. Flexible Premium Options:
Allows monthly, quarterly, half-yearly, or yearly premium payment to suit the parent’s financial comfort. -
8. Loan Facility:
Some plans provide loan options during the term, offering liquidity for urgent financial needs. -
9. Tax Benefits:
Premiums qualify for tax benefits under Section 80C, and maturity amounts may be tax-free under Section 10(10D), subject to conditions.
Why LIC Children Plans Are Important:
Raising a child involves significant financial planning. LIC Children Plans help parents secure funds for education, health, and life milestones, ensuring long-term stability and peace of mind even during unexpected situations.
Need Assistance?
Our LIC advisors can help you choose the best children plan based on your child’s age, education goals, and family financial planning needs. Contact us today for personalized guidance on LIC Jeevan Tarun (734) and Amrit Baal (774).