Which LIC plan is best for new born?

Which LIC plan is best for new born?

LIC’s New Children’s Money Back plan is one of the best new born baby plan offered by LIC. It is a participating, non-linked money back policy that is designed to cater to the needs of a growing child – educational, marriage, etc. Through survival benefits.

How can I invest money each month?

Top 10 investment options

  1. Direct equity.
  2. Equity mutual funds.
  3. Debt mutual funds.
  4. National Pension System.
  5. Public Provident Fund (PPF)
  6. Bank fixed deposit (FD)
  7. Senior Citizens’ Saving Scheme (SCSS)
  8. Pradhan Mantri Vaya Vandana Yojana (PMVVY)

How much we get after LIC maturity?

Maturity Benefit: In case of Life Assured surviving the stipulated date of maturity, 40\% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.

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Which is the best LIC policy for baby girl?

LIC Kanyadan Policy Eligibility The LIC Kanyadan Policy has a minimum premium of INR 1 lakh. To purchase this coverage, the child’s father must be between the ages of 18 and 50, and the daughter must be at least one year old. The LIC Kanyadan Policy can be customized to the age of the parent and daughter.

What is Jeevan Ankur?

LIC’s Jeevan Ankur is a conventional with profits plan, specially designed to meet the educational and other needs of your child. The risk cover under this plan will be on your life as a parent and the named child shall be the nominee under the plan. The policy term shall be based on the age at maturity of the child.

Which is the best policy for girl child in India?

Top 10 Government Girl Child Schemes in India

  • Benefits of the Government Girl Child Schemes in India.
  • Beti Bachao, Beti Padhao.
  • Balika Saridhhi Yojana.
  • Sukanya Samriddhi Yojana.
  • Ladli Scheme and the Kanya Kosh Scheme.
  • National Scheme of Incentive for the Girls of Secondary Education.
  • Ladli Laxmi Yojana of Madhya Pradesh.

What is LIC money Plus?

This is a unit linked Endowment plan with regular premium paying term which offers investment cum insurance during the term of the policy. You can choose the level of cover within the limits, which will depend on the level of premium you agree to pay.

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What is Plan 75 in LIC?

LIC Plan 75 is a simple money-back plan that provides a repayment periodically after every fifth year. This plan offers risk coverage and bonus at the time of maturity. The plan is quite helpful in securing the children’s future as it provides a high sum assured amount.

What is LIC child money back plan?

LIC’s New Children’s Money Back Plan is a insurance cum investment plan which can be used for securing the financial needs of a child as they turn 25 years old. It is a participating plan and hence is eligible for bonus depending on the performance of LIC.

What is the benefit of LIC New children money back plan?

LIC New Children Money Back plan also provides the death benefit of the life assured to his/her beneficiary during the policy term given that the policy is in force. This is a participating endowment and moneyback plan that is ideal for parents who wish to make provision for covering the future financial needs of their child.

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How to avail survival benefits and maturity benefit under LIC child plan?

There are four options to avail of the survival benefits and maturity benefit under the LIC child plan as per the choice of the policyholder. The loan can be availed under this LIC child plan. Under this LIC child plan, the rebate is given in premium rates if the policyholder chooses to pay yearly or half-yearly premiums @ 2\% and 1\% respectively.

What is LIC policy for girl child education?

A LIC policy for girl child or best lic child education plans is effectively a means to secure the finances of the children in terms of her educational expenses and other needs. Also in the case of the sad demise of the parent, all the future premiums are waivered and the nominee gets all the benefits as promised by the policy.

Which is the best child insurance policy?

The best child policy is LIC child plan which provides lot of features to afford financial protection to the child’s needs in the future. It gives the flexibility to withdraw money at either predetermined stages or as chosen by the proposer.