Child Career Plan

LIC Child Career Plan (Table No 184):

Premium Ceasing: Age 27 Premium Ceasing Term: 11 Years

Features:

LIC Child Career Plan is with profits plan for children. The features of the plan are mentioned below:

o Guaranteed returns in the form of survival benefits .

o Receive 30% of sum assured 5 years before the policy maturity plus reversionary bonus.

o Receive 15% of sum assured at 4th,3rd,2nd and one year before the expiry of policy term

o On expiry of policy the policyholder will get 15% of the sum assured and Final Additional Bonus.

o Extended term of 7 years is available from the date of expiry of the policy term.

o In case of non-payment of premium after at least two full year’s premium has been paid, full
death cover shall continue for a period of 2 years from the date of first unpaid premium.

o Sum assured is available between 1 lakh and 1 crore.

o Minimum and maximum entry age 0 years and 12 years respectively.

LIC of India   Komal Jeevan    Jeevan Kishore   Jeevan Chhaya   Child Future Plan   Child Plans

For Getting Charts, Presentaion, Question, Answers, Reviews, Quotations Various kind of Options in LIC Child Career Plan, Child Unit / ULIP Plans. Type your Business querry for lic’s Child Career plans here.

LIC Child Future Plan

LIC’s Child Future Plan (Table No 185):

Premium Ceasing: Age 27 Premium Ceasing Term: 11 Years

 LIC Child Future Plan is with profits plan for children not ULIP.

The features of the plan are mentioned below:
o Guaranteed returns in the form of survival benefits.
o Receive 25% of sum assured 5 years before the policy maturity.
o Receive 10% of sum assured at 4th,3rd,2nd and one year before the expiry of policy term.
o On expiry of policy the policyholder will get 50% of the sum assured plus reversionary bonus and Final Additional Bonus.
o Extended term of 7 years is available from the date of expiry of the policy term.
o In case of non-payment of premium after at least two full year’s premium has been paid, full death cover shall continue for a period of 2 years from the date of first unpaid premium.
o Sum assured is available between 1 lakh and 1 crore.
o Minimum and maximum entry age 0 years and 12 years respectively.

LIC of India   Komal Jeevan    Jeevan Kishore   Jeevan Chhaya   Child Career Plan   Child Plans

For Getting Charts, Presentaion, Question, Answers, Reviews, Quotations Various kind of Options in LIC Child Future Plan. Type your Business querry for lic’s Child Career plans here..

LIC Child Fortune Plus

LIC’S Child fortune Plus (PLAN No. 194): LIC launched on 1st Nov 2008, LIC Child Fortune Plus is a unit linked insurance policy by LIC, which ensure secure and successful future of the child in present, and even in absence of parents because parenting does not mean only loving and taking care of child but it also mean to secure child’s smooth and successful career.

Premium Ceasing Age : 75 Premium Ceasing Term : 0

Features: Flexibility to increase/ decrease premium & withdraw money according to your needs. Save Tax upto Rs.33390.

Benefits Payable on Death.
1. On death of Life Assured, if the child is alive.
a) Sum Assured shall be payable to the nominee.
b) Payable of all future premiums due under the policy shall be waived.
c) Units equivalent to an amount equal to all future premiums including
outstanding premiums, if any shall be credited to the policy holder fund.
d) The policy shall continue

2. On death of Life Assured, if the child is alive:
If less than 3 years premium have been paid and the policy is in lapsed condition, the Policy holder Fund Value shall become payable to the nominee and the policy will terminate.

3. On death of Life Assured, after the death of the child:
Sum Assured plus policy holder fund value together will an amount equal to all future premium including outstanding premiums, if any shall be payable to the nominee/legal heir, as the case may be, at that time and the policy shall terminate.

This shall also be applicable in case of simultaneous death of assured and child nominee.

4. On death of child before life assured death:
The policy will continue till maturity of till the life assured survives, whichever is earlier.

5. On death of child after life assured death:
An amount equal to the Fund Value of units shall be payable to the legal heir of assured and the policy shall terminate.
Maturity Benefits:

On the policyholder surviving up to the date of vesting, the Policyholder will get Fund value.

 Write us for typical calculation, charts, reviews, presentations or plan detail free online here. Our LIC Agent/ Advisor will contact u within 24 hrs & get free best maturity benefit charts for your all policy in a single report..

LIC of India   Komal Jeevan    Jeevan Kishore   Jeevan Chhaya   Child Career Plan   Child Future Plan Child Plans

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