See the list of most preferred LIC policies for children and know their major benefits. 1. LIC Jeevan Tarun Plan (934) 2. LIC Child Money Back 932 3. LIC Jeevan Umang 945

1. Most Preferred LIC Policies For Children’s

2. LIC Jeevan Tarun Plan (934)
◦ Jeevan Tarun Plan is an ideal policy to support the
educational needs of children.
◦ It has a premium discount as an important feature.
◦ The maturity amount received is tax-free and the premium
payments of the scheme are also income tax free.
◦ It is an ideal plan to support and protect the future needs of
children.

3. LIC Child Money Back 932
◦ LIC Child Money Back Plan is safe as life insurance coverage
can be used for education and marriage.
◦ At the maturity of the policy, 40% of the sum assured is paid
along with the bonus.
◦ On the anniversary of the policy, the survival benefit with 20%
of the sum assured can be paid to the insurer when the child
reaches the age of 18 years.
◦ The sum assured at death is higher or it will be equal to 10
times the annual premium.

4. LIC Jeevan Umang 945
◦ Jeevan Umang Scheme is a non-linked premium funding
scheme that comes with full life insurance. This policy will
continue to provide annual benefits from the terms of
premium payment till its maturity.
◦ This policy also includes bonus schemes - a simple
reversionary bonus and a final additional bonus if any.
◦ Different options are available such as Accident Death Benefit
and Disability Rider, New Term Assurance Rider and New
Critical Illness Benefit Rider.
◦ 8% of the sum insured is paid on an annual basis as payment
on survival at the end of the terms of the policy.

5. Thank You
Website: https://www.aliasgar.in/policy/lic-child-plan/