LIC New Child Money Back Plan deposit ₹ 150 on this project: Make your child a millionaire in future

 LIC New Child Money Back Plan deposit ₹ 150 on this project: Make your child a millionaire in future

With the birth of a child, many parents begin to make plans (New Children Money Back Plan) for the future . But if you save a percentage of your earnings now, you can definitely change your child's future.

The new year has begun and you and your child can plan some different gifts. Currently, people's interest in saving and investing has increased. With the birth of a child, many parents begin to make plans (New Children Money Back Plan) for the future . But if you save a percentage of your earnings, you can change your child's future.

LIC has come up with a great plan for you - the New Money Back Plan. By investing in this project, you can secure your child’s future Denfitly for sure.. The investment made in this project is a great New Year’s gift for your child.

LIC New Child Money Back Plan - Here is details

 If you want to protect your child's future, start investing form today in the LIC's Child Money Back Plan (LIC). With these very small savings, your child will become a millionaire in the next few years. For this you need to save only Rs. 150 per day.

About New Child Money Back Plan

Life Insurance Corporation's (LIC) new Children Money Back Plan policy has been done for 25 years. Also, you get the closing amount in installments. This is paid for when your child turns 18 years old. The second time is paid when the child turns 20 and the third time when he is 22 years old.

Your money and bonus

 Under the New Child Money Back Plan, life insurers receive 20 - 20 percent of the money as a money back tax. With this, when the child turns 25, the full amount is returned to him. And with the remaining 40 percent, a bonus is also awarded. Investing in this policy will make your child a millionaire as soon as he becomes an adult.

The premium for the future of children is Rs 55,000 per annum. According to 365 days, a total of Rs 14 lakhs should be deposited in 25 years. At the same time, you get a total of Rs 19 lakhs upon closing. But keep in mind that this rule only applies if the insurer does not die during this period. If you do not want to withdraw the money, you will get the full amount with interest on the policy termination.

What is special about Child Money Back Plan

•  The age limit for taking a policy is from zero to 12 years. 
•  60 percent of the money is available in installments and 40 percent at the time of closing with a bonus.
•   Under this, the minimum insurance that can be taken is Rs.100,000 and the maximum limit is uncertain.
•   If the installment payment is not taken, there is a large amount available with interest.

Documents necessary to apply Child Money Back Plan

• Aadhaar card, PAN card and proof of address of parents. 
• Medical needs of insurers. 
• To take the policy, the form must be filled out by visiting any LIC branch or by an agent.
•  If the insurer dies during this period, 105 percent of the insurance premium is paid.