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
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…
Dear Sir,
For Enquiries and latest updates on this plan, please fill up the form at the below mentioned link:-
http://www.licpolicyenquiry.com/contact-us
Please let us know in case you are intersted to take LIC Children Policy.
Our Advisor expert in Life Insurance will explain you about LIC Children Policy.
Regards,
LicPolicyEnquiry.com
dear
I have 1 kids
girl 5 monthr
which will be the suitable policy for my kids
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.