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. Features of lic child money back policy. 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.

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Insurance policy for child lic. Lic or the life insurance corporation of india is one of the most trusted brands when it comes to purchasing insurances. Lic child plans are child insurance policies offered by one of the oldest and the most trusted insurance companies in insurance sector of the country the life corporation of india lic of india. Life insurance corporation of india corporate office. It specialises in a wide range of insurance plans like lic child plans savings investment plans health plans withdrawn plans micro insurance plans etc.

Why are child plans effective. As per 2016 data its asset value is estimated at inr 2 529 390 crore or us 370 billion. Lic jeevan amar was launched in august 2019 by the life insurance corporation of india. Box no 19953 mumbai 400 021 irdai reg no 512 top.

It provides the risk cover on the life of child not only during the policy term but also during the extended term i e. To offer financial support to family and regular earnings after the demise. Life insurance corporation of india corporate office. It is a child insurance policy that helps the policyholder to secure the future of the child.

Last updated on 20 07 2020. Lic of india child plans. 7 years after the expiry of policy term. Lic of india came into existence on september 1 st 1956 through the life insurance corporation act passed by the indian parliament.

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. 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.