Insurance Policy For Child Lic

A number of survival benefits are payable on surviving by the life assured to the end of the specified durations.

Insurance policy for child lic. Life insurance corporation of india corporate office. Box no 19953 mumbai 400 021 irdai reg no 512 top. Lic of india child plans. Features of lic child money back policy.

It is a child insurance policy that helps the policyholder to secure the future of the child. As per 2016 data its asset value is estimated at inr 2 529 390 crore or us 370 billion. The policy offers additional benefits in the form reversionary bonus declared by the company during the tenure of the policy and also an additional bonus which is paid along with maturity benefit or death benefit. 7 years after the expiry of policy term.

Be it a regular life insurance plan an endowment plan or anything similar they have been pioneers in the field and have a great customer satisfaction record. Why are child plans effective. To choose the best lic plan among all available options it is advisable to first understand the cause of purchasing the policy which includes key reasons i e. Lic or the life insurance corporation of india is one of the most trusted brands when it comes to purchasing insurances.

Lic jeevan amar was launched in august 2019 by the life insurance corporation of india. It provides the risk cover on the life of child not only during the policy term but also during the extended term i e. It specialises in a wide range of insurance plans like lic child plans savings investment plans health plans withdrawn plans micro insurance plans etc. Life insurance corporation of india corporate office.

To offer financial support to family and regular earnings after the demise. Lic of india came into existence on september 1 st 1956 through the life insurance corporation act passed by the indian parliament.