Child Future Plan Policy


Child Future Plan Policy

Introduction:
This plan is specially designed to meet the increasing educational, marriage and other needs of growing children. It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term). A number of Survival benefits are payable on surviving by the life assured to the end of the specified durations.

Options:
You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium payment and Premium Waiver Benefit.

Payment of Premiums:
You may pay the premiums regularly at yearly, half-yearly, quarterly or through Salary deductions over the term of policy. Premiums may be paid either for 6 years or upto 5 years before the policy term.

Sample Premium Rates:
Following are some of the sample premium rates per Rs. 1000/- S.A.:

For 6 years’ Premium paying term

Age

Maturity Age

 

23

24

25

26

27

0

112.55

108.00

103.65

99.45

95.45

4

132.35

127.00

121.85

116.90

112.15

8

156.20

149.90

143.85

138.05

132.45

12

184.20

176.85

169.75

162.95

156.40

For Premium paying term  = Policy Term less 5 years

Age

Maturity Age

 

23

24

25

26

27

0

53.10

49.45

46.20

43.25

40.60

4

71.80

66.90

61.65

57.00

52.95

8

107.80

96.30

86.75

78.75

71.90

12

184.20

155.40

133.90

117.25

108.05

Mode and High S.A. Rebates:

Mode Rebate:

Yearly mode

2% of Tabular Premium

Half-yearly mode

1% of the tabular premium

Quarterly & Salary deduction

NIL

Sum Assured Rebate:

Sum Assured

Rebate (Rs.)

1,00,000 to 2,99,999

Nil

3,00,000 to 4,99,999

 

1.5 %o S.A.

5,00,000 and above

2 %o S.A.

Source : licindia.in

23 Comments on "Child Future Plan Policy"

  1. Himanshu Agarwal | April 25, 2014 at 4:40 pm | Reply

    How to get maturity amount of money back children assurance plan under table 113-17. Pl also send required formats.

  2. I have policy No. 140286972 from LIC of India purchased in 1991 for sum assured of Rs.100000.00.
    Can you please inform what type of this policy is and when it will mature and is with profit or not.

  3. lic tabel no-184 SA AMOUNT 300000/- POLICE TERM 23 YEARS HOW MANY MATURITY OF THIS POLICE

  4. how can i get the detail of my policy. please reply the URL for that.

  5. deepak singh thakur | December 17, 2011 at 6:29 am | Reply

    my children will be 3 to 7 yr plz tell me best sutiable policy for him

  6. I see, I supspoe that would have to be the case.

  7. Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.

  8. nitay kumar sinha | October 20, 2011 at 5:32 am | Reply

    my policy no is 532904793.
    this is pension scheme policy how much i get after maturity

  9. nitay kumar sinha | October 20, 2011 at 5:28 am | Reply

    my policy no 530712596,530713706
    when this policy mature

  10. i wont to kids education plan for monthly payment & chart plan

  11. my son will be 2 yr on 30 sept. plz tell me best sutiable policy for him

    • Magic Plan – Secure Child
      child age 1 year ,Father age 30 years

      The planning for your child’s secured future starts now when he is 1 years of age. For 17 years you will need to pay an amount of Rs. 30266/- per annum as premium towards the proposed insurance.

      After 17 years, your child will be 18 years of age. He is expected to join college at this age. Hence there is a provision made for Rs.198928/- to be received in this year to meet the xtraordinary
      costs of admission, coaching classes, attire, etc.

      To ensure quality education and a comfortable lifestyle during his college period, this plan will provide cash every year as per the following table :-

      Age Estimated Amount
      18 198928
      19 101122
      20 106013
      21 110775

      Your Child will complete his graduation after 21 years. When he is 22 years of age. He may want to pursue post graduation abroad or may want to start business. Both these objectives will demand sizeable amount of money. This Magic Plan will make his dream come true with a lumpsum amount of Rs.612440/-

  12. Dear Sir,
    I create a jiwan saral policy, but if any not suggested this policy, pls.confirmation in this policy.

    Thanks:-

    From-
    Yogesh

  13. Dear Sir/Madam,
    Please suggest a best policy for my daughter’s career of age 4 & 8years where i need to pay the monthly premiums from my salary account…

  14. sabya sachi dey | June 23, 2011 at 8:29 am | Reply

    dear
    I have 1 kids
    girl 5 monthr
    which will be the suitable policy for my kids

  15. Dear Sir,

    We want to take single premium policy for my sisters daughter. so, please suggest which policy is more better to take & term is 18 to 20 years. kindly suggest better policy and minimum single premium amount.

  16. habeeb uddin | May 17, 2011 at 7:36 am | Reply

    dear
    I have 2 kids
    girl 8 year and boy 3 year
    which will be the suitable policy for my kids (period 10 or 12 years)

  17. nazrina mirza | April 15, 2011 at 4:14 am | Reply

    hello sir,

    my sister have one year child(Boy),pls suggest best policy for her child.

    regards,
    narzina

  18. Narender kumar | March 24, 2011 at 6:07 am | Reply

    policy no/
    116356710

Leave a comment

Your email address will not be published.




Policy Status - Life Insurance Corporation of India If you have clicked "yes" for the question "Do you have any LIC policies?" you will be presented with an online policy enrolment form after you click the submit ... New User Registration - Life Insurance Corporation of India Policy No. *. Installment Premium (Rs.) *. Date of Birth, (dd/mm/yyyy) * ... Centre | Glossary | Associates | Feedback | FAQs Grievances | Sitemap | Privacy Policy Policy Guidelines - Life Insurance Corporation of India Policy Status – Where Available. Revival Of Lapsed Policies ... for availing a loan by you. LIC retains the policy bond when you go in for a loan against the policy. Check LIC Policy Status Online Using Policy Number ... With time LIC too has modernized. Now you can check your LIC policy status online, with just few clicks on your computer. Not only this now you can also pay ... LIC Policy Status by Policy Number-Check Online Oct 24, 2014 - LIC policy status by policy number – How can I get it? Can I check it Online or by SMS? Is it possible to check LIC policy status without ... LIC ONLINE POLICY STATUS PFIGE This App is very useful for LIC Professionals. This app includes following featuresPOLICY SERVICES- Latest Policy Status of any Policy from all over India- Loan ... Lic Policy Status by Policy Number Online - LIC24 Jan 30, 2014 - Life insurance corporation of India had gave best option for the policy holders that is Lic Policy Status by Policy Number Online,Lic policy status ... LIC policy status, LIC fund value and pay premium online Thanks to LIC India for providing online and mobile options to check LIC Policy status, Fund value and to pay the policy premium. After shifting my place I lost ... check LIC policy details & status online, sms & phone Jun 14, 2014 - If you have an LIC policy and you can check details / status of your LIC policy via LIC portal (www.licindia.in) , by phone or by SMS. You can ... How to Check LIC Policy Status? - Policybazaar May 27, 2014 - LIC Policy Status: Learn how to check status of your LIC policy be it total amount, premium due date etc. Searches related to lic policy status lic policy status by policy number online lic policy status online free lic policy status login lic policy status enquiry online view lic policy status lic policy status report lic policy status check online now how to check lic policy status without registration