Children Professional Education Guarantee Insurance
The child insurance plans offered by LIC are specifically designed to ensure a financially secure future to the child and help them to achieve the major milestones of life. Moreover, along with the benefit of financial security, the LIC Child Insurance Plans also offers life protection to the child in case of any eventuality.
Plans
LIC offers several Children Education Guaranteed Insurance.
Jeevan Lakshya
LIC Jeevan Lakshya Policy is a participating endowment plan which provides both investment and insurance benefits. Since it is a participating plan, bonus benefits will be available. In case of death of the policyholder a regular income is provided to the nominee in addition to a lumpsum at the date of Maturity. There are some additional benefits which you can take in the form of riders.
Children's Money Back Plan
This plan is a participating, non-linked, traditional, money-back plan. This policy is a tailor-made scheme that caters to the needs of marriage, educational, and other needs of growing kids via Survival Benefits. Moreover, it offers the rick-cover on a child’s life during the term of the policy and for the survival benefits on the survival to the end of the stipulated duration.
Jeevan Tarun
LIC Jeevan Tarun is a non-linked participating limited premium payment plan, which offers the combined benefit of savings and life protection features for children. The plan is specifically designed to cater to the educational and other financial needs of the growing children. The following are the features and benefits offered by the policy.