LIC Policy Plans: Best Child Money Back Investment to Secure Rs 19 Lakh with Rs 150 Daily

LIC Policy Plans: Best Child Money Back Investment to Secure Rs 19 Lakh with Rs 150 Daily

LIC Policy Plans: Raising children in today’s era is both a joyful responsibility and a financial challenge. Whether it’s for higher education, professional training, or marriage, parents need to plan well in advance to ensure a secure and fulfilling life for their children. However, not everyone can afford to make large lump sum investments. That’s where LIC’s Children Money Back Policy comes into play.

With this policy, you can start saving with just ₹150 a day, and by the end of 25 years, you could receive returns of up to ₹19 lakhs. Backed by the Life Insurance Corporation of India (LIC), this plan is a safe, government-supported way to build a financial shield around your child’s future.

What is LIC Policy Plans: Children Money Back Policy?

LIC’s Children Money Back Plan is a participating non-linked life insurance policy, specially designed to meet the growing financial needs of children as they transition into adulthood. The policy provides periodic survival benefits, a maturity benefit, and in unfortunate circumstances, a death benefit—all bundled into one robust insurance-cum-investment plan.

It is ideal for parents who want to secure their children’s future through small, regular investments.

Key Features of LIC Policy Plans Children Money Back Policy

How Does the LIC Policy Plans Work?

Let’s take a practical example:

• You invest ₹150 per day, i.e. around ₹4,500 per month or approximately ₹55,000 annually.
• Over 25 years, you would have invested a total of ₹13.75 lakhs.
• LIC provides bonuses and returns at specific intervals:
  • 20% of the Sum Assured at age 18
  • 20% again at age 20
  • Another 20% at age 22
  • Final 40% + bonuses at age 25
• The expected maturity amount, including bonus and accrued interest, is approximately ₹19 lakhs.

Note: The actual bonus rates may vary depending on LIC’s declared rates and policy performance.

Benefits in Detail of LIC Policy Plans:

🔹 1. Low Investment, High Return

A small daily contribution of ₹150 can grow into a sizeable amount, perfect for funding higher education, overseas studies, or wedding expenses.

🔹 2. Periodic Payouts During Crucial Milestones

You receive money back at key stages of your child’s life:

• At 18 years: First payout helps during college admission.
• At 20 years: Can be used for graduation or professional courses.
• At 22 years: Support for post-graduation or job placements.

🔹 3. Maturity Benefit

At age 25, your child receives the remaining 40% of the Sum Assured plus accumulated bonuses, acting as a financial base for further life goals.

🔹 4. Death Benefit

If the life assured (parent or child, depending on the structure) dies during the policy term, LIC pays the full Sum Assured plus bonuses, regardless of previous payouts.

🔹 5. Loan Facility

If you’re ever in need of money, LIC allows you to take a loan against the policy after three years of premium payments.

🔹 6. Tax Savings

Get deductions on premiums paid under Section 80C, and maturity/death payouts are tax-free under Section 10(10D) of the Income Tax Act.

How to Apply for LIC Children Money Back Policy?

Applying for the policy is simple and hassle-free. You can visit your nearest LIC office or connect with a licensed LIC agent. Alternatively, some parts of the process are available online.

✅ Required Documents:

• Child’s Birth Certificate
• Parent’s KYC Documents (Aadhaar card, PAN card, Voter ID, etc.)
• Address Proof
• Passport-size Photographs
• Bank Account Details (for ECS or direct credit)
• Medical Certificate (in some cases, for higher sum assured)

Who Should Buy This Policy?

This LIC Policy Plans is ideal for:

• Parents of newborns to 12-year-olds who want to build a financial fund over time
• Middle-income families looking for secure, low-risk, government-backed savings
• Those who prefer periodic returns for specific milestones instead of a single maturity payout
• Individuals looking for tax benefits while saving for their child’s future

Conclusion: Secure Your Child’s Future Today

In a world where financial uncertainty is common, LIC’s Children Money Back Policy offers a safe, systematic, and guaranteed way to create wealth for your child. With just ₹150 a day, you can build a future fund of up to ₹19 lakhs, ensuring that your child’s dreams never face financial roadblocks.

Don’t wait for the perfect time—start small, think big, and invest early. The best gift you can give your child is a secure and empowered future.

Online Process:

Visit the LIC India official website

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💬 FAQs

Q1. Can I start the policy if my child is 1 year old?
Yes, the policy is available for children between 0 and 12 years of age.

Q2. Will I get returns if the child doesn’t survive the policy term?
In case of death, the entire Sum Assured and bonus is paid as the death benefit. The payouts already made (if any) do not affect this.

Q3. Is this policy better than a regular term plan?
This is not just an insurance plan—it’s a saving + investment + insurance combo, whereas term plans provide only death benefits.

Q4. Can I surrender the policy before maturity?
Yes, after three years, the policy acquires a surrender value. However, the returns will be lower.

Q5. Where can I calculate exact returns?
You can use the official LIC premium calculator or consult an LIC agent to get personalized quotes based on your child’s age and your chosen sum assured.

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