LIC of India Launched A New Children Money Back Plan – 832

Life Insurance Corporation of India (LICI) has been launched a New Children Money Back Plan. This money back Policy number is 832.
Basic features of this Policy:
New Children Money Back Policy (Plan no 832) is a general and non linked policy It is specially designed for only those children who's age in between from 0 to 12 years. This new money back policy is a regular premium policy. After completion of 18 year, the policy premium fully stop and Policy Holders will get survival benefit from LIC of India. The term of this policy is 25 years.
Sum Assured: This Children Money Back Policy especially designed for Children and policy holders can get Minimum sum Assured One lakh in INR (100,000/-) and there is no bar for any upper or higher amount of One lakh.

Premium Paying Term: 25 Years.
Mode of Premium: Policy Holders pay the premium as Quarterly, Half yearly and Yearly for this policy.
Survival Benefit: Policy holders age when completed 18 years the the policy holders can get Survival benefit from Life Insurance Corporation of India following the chart below
Policy Holders age at 18 years :-  20% amount of Sum Assured
Policy Holders age at 20 years :-  20% amount of Sum Assured
Policy Holders age at 22 years :-  20% amount of Sum Assured
Policy Holders age at 25 years :-  40% amount of Sum Assured + Bonus + Final Additional Bonus (FAB)

Death Benefit:
Insurance coverage will be started after completion of two years age of policy or 8 years age of the policy holder which will be earlier what ever may be.
In spite of policy holder’s death before starting of Insurance coverage, policy holder will get the basic premium.
Premium Weaver Benefit (PWB) will be started from 18 years and upto 55 years age.
Loan Facility & Surrender: Minimum Three years will be completed this policy then the Policy holder take loan or surrender of this policy.
Please Contact more information about this policy from the Official website or your nearest LICI office or Insurance Agent/Advisor.

Official website: www.licindia.in