The document introduces the LIC's Child Fortune Plus plan, a unique unit-linked insurance plan that helps parents plan for their child's future educational and living expenses. The plan allows parents to choose a premium payment term and invest accordingly. It offers partial withdrawals from the fund after 3 years to pay for education costs. In the event of the parent's death, the plan pays out the sum assured immediately, waives remaining premiums, and credits additional units equal to future premiums to the fund ledger, allowing the policy to continue providing benefits.

1. As a parent you want the best for your child. You would go to any lengths to take
care of there requirements even at the cost of your own. There requirements are
spread over a long period of time and therefore need to be planned well in
advance. With rising inflation and a higher cost of living, you need to go that extra
mile to ensure that there dreams are realized comfortably.
LIC's Child Fortune Plus is a unique Unit Linked Insurance Plan that offers you
the most innovative solution to meet the educational and upbringing expenses of
your child with relative ease, even in case you aren't around.
How will the LIC's Child Fortune Plan work for you?
¤ You can choose the premium paying term and invest in accordance
with the amount of money you require for your child's future.
¤ During the term of the policy you can also do partial withdrawals from your
fund account (after 3 years) to meet the financial needs of your child's
education.
¤ In the unfortunate event of your untimely death, this policy will help
your child in the following manner:
1. Sum Assured will be paid immediately.
2. Balance premiums will be waived off.
3. Additional units worth the sum of all future premiums (including
any outstanding premiums) will be immediately credited into
your fund ledger.
4. The policy will continue with partial withdrawals, Surrender
and Maturity benefits available
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