Top 3 LIC Child Plan are: 1. LIC Jeevan Tarun Plan (934) 2. LIC Child Money Back 932 3. LIC Jeevan Umang 945

2.  It is a perfect plan to support and protect the future
requirements of children like educational needs and
other related necessities.
 It has a premium discount as an important feature.
 The maturity amount is tax-free and the premium
payments are also income-tax free.
 Minimum age should be 90 days to 12 years of
age.

3.  At the maturity of the policy, 40% of the sum
assured is paid along with the bonus.
 If life assured death occurs before the onset of the
risk, the paid premiums are refunded.
 If life assured death occurs after commencing of
the risk cover, the sum assured on death, including
bonuses will be paid when 105% of premiums are
paid until death.
 The maturity amount is tax-free and the premium
payments are also income-tax free.

4.  It has two types of bonus plans – a simple
reversionary bonus & final additional bonus if any.
 Various options are available for example
Accident Death Benefit and Disability Rider, New
Term Assurance Rider and New Critical Illness
Benefit Rider.
 8% of the Sum Assured is paid on an annual basis
as a payment on survival at the end of the terms of
the policy.
 LIC Jeevan Umang plan 945 offers complete
protection and income to your loved ones.

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