Insurance for children : Magic Plan Secure Child
The planning for your child 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
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.
Magic Plan — Secure Child is a combination of LIC Plans specially researched to meet the objective of securing your child’s future.
The returns shown in this illustration have been calculated on the basis of the interim bonus rates last declared by LIC for the year ended .
Actual results may deviate depending on future bonuses declared by LIC.
In the unfortunate event of your early death, the premiums on the policies will cease immediately. The returns, however will be received in
the years as indicated in this MagicPlan.
For Detailed Information Please fill up the Form at the following link :-