LIC This Policy Advantage & Rs 150 tax investment will get 19 lakh LIC

LIC is the most trusted insurance company in the country. Consumers are greatly benefited by investing in this government-run company policy. In this age of rising inflation, it is imperative for each of us to save a certain percentage of our hard earned money and invest it in a policy. Everyone dreams of a better future for their children. The Life Insurance Corporation of India has a similar scheme which has been designed keeping in view the needs of the children. We are talking about LIC’s LIC NEW CHILDREN’S MONEY BACK PLAN

LIC This Policy Advantage & Rs 150 tax investment will get 19 lakh LIC

Here are the highlights of this policy
  • The minimum age for taking out this insurance is 0 years
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  • The maximum age for taking insurance is 12 years
  • The minimum sum insured is Rs. 1,00,00.
  • There is no limit to the maximum sum insured.
  • Premium Weaver Benefit Rider- Option available
Money back installment
  • The policyholder will get 20% of the sum assured on completion of 18, 20 and 22 years of age.
Maturity Benefit :
  • At the time of policy maturity (in case the insured does not die during the term of the policy) the policyholder will get an increased portion of the sum insured with a bonus of 40 per cent
Death Benefit :
  • In case of death of the policyholder at the time of the policy term, in addition to the sum insured, a simple reversionary bonus check and a final maximum bonus are given. Death Benefit shall not be less than 105% of the total premium payment

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