Best Child Career Plan is a policy | Lic best children Career Plan is a policy

Best Child Career Plan is a policy | Lic best children  Career Plan is a policy : if you have children then you should thnk what is best Best Child Career Plan is a policy and what is best Lic best children  Career Plan is a policy Child Career Plan is a policy designed  for children who needs financial security to Higher or professional  education etc. it give regular yearly income for planned period and the risk will cover  after the policy expired also for 7 years.  The age limit to get this policy  minimum age is 0 years and the Maximum age is 12 years. Minimum Assured amount is 1 lakh and the maximum is 1 crore Assured amount will be in multiple of Rs.5000/-

Minimum maturity age is 23 years and the maximum is 27 years. You can pay the premiums in single,quarterly,half yearly  and yearly. To get the premium waiver benefits the minimum age is 18 years and the maximum is 55 years and final maturity is 70 years. Premium can be paid before policy term 6 years or 5 years. You can get the premium benefit  by paying the additional amount during the policy duration or before death of policy holder.

In this policy Survival benefits are available  upto 5 years of policy maturity before 5 years you will be getting 30% of the Assured amount + bonus and the rest of the period you will be getting 15% of Assured amount each year  and at the final maturity date final additional bonus + Assured amount will be paid

 Death risk will cover after policy commencemen if the death happened before  5 years of policy expiry assured amount and  final Bonus will be paid. If the death happened before policy commencement risk to  5 years  simple reversionay bonus + assured mount will be paid   if death happened  before risk commencement total premiums paid till date and additional premium with 3% yearly interest will be paid

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 0 111.25 107.25 103.35 99.60 95.95 4 128.35 123.80 119.35 115.05 110.90 8 148.15 143.05 138.05 133.20 128.50 12 170.20 164.55 159.05 153.65 148.40 For 6 years’ Premium paying term Age Maturity Age 23 24 25 26 27 0 111.25 107.25 103.35 99.60 95.95 4 128.35 123.80 119.35 115.05 110.90 8 148.15 143.05 138.05 133.20 128.50 12 170.20 164.55 159.05 153.65 148.40 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 LIC Official Web portal)