This plan has been specially designed to meet the career needs of your child
You have the option to choose the nature of pay-outs to match the need of your child. The plan offers the benefit in instalments or lump sum as chosen by the customer
This plan also offers the Guaranteed risk cover of 125% of the Sum Assured
The premium is payable only for a limited period under this plan
On Maturity the child gets the Sum Assured along with Vested Bonus and Final Bonus, if any
This plan also has the premium waiver benefit where the premium is paid by the LIC in case of any unfortunate event
This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
In a similar way, the policyholder also has the option of choosing the death benefit in installments
LIC also offer the discount in the premium in case the mode of payment is Yearly
The loan is also available to the policyholder after the completion of 1 year of the policy
