Child Plan

LIC's Bima Shree plan is a saving and protection instrument, specifically designed for High Net-worth individuals. The plan has money back option for time-frame liquidity needs and a lump-sum maturity benefit. Plan provide financial security to the family of policyholder in case of untimely death before maturity, equivalent to sum assured. Therefore this plan is champion with all in one type of feature (Except in-built Health Cover) that include limited premium, high sum assured, money back, loan facility and life risk cover.

LIC’s Bima Jyoti Plan is a life insurance product of LIC (Life Insurance Corporation of India). This is an endowment or traditional plan- which means it is not linked to stock market. Special feature of policy is guaranteed lumpsum payment to the surviving policyholder at the time of maturity and life risk cover till maturity. This policy also provide quick liquidity need as loan during policy term.

LIC’s Single Premium Endowment Plan is a saving plan that is designed for long term saving to meet the need of liquidity in future and it also provides risk cover more than its paid-up value. It can be closely compared with Bank fix deposit scheme with added features of life risk cover and income tax rebate. Premium is paid as lump sum ( one time only ) when one buys the policy. This plan also takes care of liquidity needs before maturity, through its loan facility. This is an endowment or traditional plan- which means it is not linked to stock market.

LIC's Child Money Back Plan is a child plan that is designed for long term saving to meet the need of capital for child's Higher education, marriage or settlement to start a business(by grown up child at the age of 25 years) and as well to cover the life risk of the child. This plan gives regular income to the insured just after completion of 18^th, 20^th to 22^nd birth anniversary as survival benefit, and in 25^th year (the great year of Maturity benefit) of age policy matures.

LIC’s Jeevan Lakshya is a life insurance product of LIC (Life Insurance Corporation of India). This is an endowment or traditional plan- which means it is not linked to stock market. The return on investment will be based on the profit of LIC and thereafter the declaration of bonus rate for the particular product. This is a limited premium endowment- which means you pay less in number of years than the term of policy. To know about this policy let us start with its features.