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LIC

LIC New Children’s Money Back Plan

Popular Money Back Plan Popular Saving Plan

A Par, Non-linked, Individual Savings Plan designed for children

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The essentials

Your plan at a glance

Min. sum assured
Rs. 2,00,000
Policy term
25 Years
Entry age
0-12 Years
Premium payment
Online , Offline

Plan Overview

LIC’s New Children’s Money Back Plan is designed to provide a combination of life protection and savings for a child’s future. The plan offers Survival Benefits at specified stages, helping parents or grandparents plan for important financial milestones. It also provides death benefit protection, a loan facility, benefit instalment options and an optional Premium Waiver Benefit Rider.

Life Protection
Child-Focused Protection
Periodic Money Back
Education Planning

Features & Benefits

Designed for Your Child's Future
The plan is specially designed to help meet educational, marriage and other financial needs of growing children.
Protection + Savings
Combines life insurance protection with disciplined long-term savings.
Periodic Survival Benefits
Survival Benefits are payable at specified durations, helping provide funds before the policy reaches maturity.
Flexible Premium Payment
Choose from available premium payment frequencies according to convenience. (Yearly / Half-Yearly / Quarterly / Monthly)

Coverage Details

Parameter Details
Plan Type Par, Non-Linked, Life, Individual Savings Plan
Plan No. 732
Premium Payment Regular Premium
Premium Payment Mode Yearly / Half-Yearly / Quarterly / Monthly
Maturity Benefit 40% of Basic Sum Assured + vested bonuses, if applicable

Eligibility Criteria

Minimum Entry Age 0 Days
Maximum Entry Age 12 years
Minimum Maturity Age 25 years
Maximum Maturity Age 25 years
Policy Term 25 years minus Age at Entry
Minimum Basic Sum Assured 2,00,000

Required Documents

Identity Proof
Aadhaar Card
Address Proof
Voter ID
Financial Documents
Income proof if required
Other Documents
Passport size photograph

Frequently Asked Questions

It is a Par, Non-Linked, Life, Individual Savings Plan designed to support a child’s education, marriage and other future financial needs.

A parent or grandparent can purchase the plan for an eligible child.

The minimum entry age is 0 years and the maximum entry age is 12 years.

Yes. The plan provides three Survival Benefits of 20% of the Basic Sum Assured each at specified durations before maturity.

The policy provides 40% of the Basic Sum Assured plus vested bonuses and Final Additional Bonus, if any, subject to policy conditions.
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Download Resources
Proposal Form PDF
Plan Brochure PDF

Ready to Secure Your Future?

Take the first step today. Our IRDAI-certified advisors will guide you through the entire process — from plan selection to policy issuance.

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