New Children Money Back – 732

LIC New Children Money Back Plan (Plan No. 732) is designed to support a child’s future needs by providing periodic survival benefits during the policy term. It helps parents meet important educational and developmental expenses while also offering a lump-sum maturity benefit and complete life insurance protection.

• Children-Focused Plan: Designed to secure a child’s education and future milestones.
• Periodic Survival Benefits: Regular payouts to meet education and development expenses.
• Life Insurance Protection: Full life cover throughout the policy term.
• Maturity Benefit: Lump-sum amount payable on survival till maturity.
• Bonus Eligibility: Participating plan eligible for bonuses declared by LIC.
• Financial Security: Ensures continuity of benefits even in case of parent’s demise.
• Long-Term Planning: Helps parents plan systematically for future expenses.
• Disciplined Savings: Encourages regular savings over the policy duration.
• Tax Benefits: Eligible for tax benefits as per prevailing income tax laws.
• Trusted LIC Assurance: Backed by Life Insurance Corporation of India.

Detailed Description

LIC New Children Money Back Plan (Plan 732) is a traditional participating life insurance plan created to address the growing financial needs associated with a child’s education and development. This plan offers a combination of protection, periodic payouts, and long-term savings, making it a reliable solution for parents planning their child’s future.

One of the key features of this plan is the payment of survival benefits at predefined stages during the policy term. These payouts help parents manage important expenses such as school fees, higher education costs, or skill development programs without compromising long-term financial goals.

In addition to survival benefits, the plan provides a lump-sum maturity benefit payable at the end of the policy term. The maturity amount, along with accrued bonuses, helps create a strong financial base for the child’s future needs.

The plan also offers comprehensive life insurance protection. In the unfortunate event of the policyholder’s death during the policy term, the policy ensures continuity of benefits, providing financial security and peace of mind for the child and family.

Being a participating plan, New Children Money Back – 732 is eligible for bonuses declared by LIC from time to time, which enhance the overall value of the policy and increase the maturity benefits.

The structured premium payment and benefit schedule encourage disciplined savings and help parents plan systematically for future expenses. With no exposure to market risks and the trusted backing of LIC, the plan offers stability and reliability.

Overall, LIC New Children Money Back – 732 is an excellent choice for parents seeking a dependable insurance plan that provides periodic financial support, long-term savings, and complete life protection to secure their child’s future.