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Secure Your Child's Future Today

Every parent dreams of giving their children the best education and a grand wedding. With rising costs of education and marriage, early planning is essential. LIC offers dedicated child plans that ensure your child's milestones are never compromised — even in your absence.

Education Fund

Build a dedicated corpus for your child's school, college, and higher education. Whether it's engineering, medical, MBA, or studying abroad — start early and let compound interest work for you.

Marriage Fund

Plan ahead for your daughter or son's wedding. Create a substantial marriage fund through systematic premium payments that matures exactly when you need it.

Life Cover + Savings

Even if something happens to you, the policy continues and your child receives the full benefit at maturity. Premium waiver ensures future premiums are waived automatically.

Recommended LIC Plans for Children

LIC Jeevan Tarun (Plan No. 834)

A special plan designed exclusively for children aged 0-12 years. Provides survival benefits at ages 20, 22, 24 & 25 years.

  • Entry Age: 90 days to 12 years
  • Maturity at age 25
  • Survival benefits: 5% at age 20, 5% at 22, 5% at 24, and 85% at 25
  • Risk cover starts immediately or from age 8 (whichever is later)
  • Guaranteed additions + bonus
  • Premium waiver on death of proposer

LIC Jeevan Kishore (Plan No. 902)

A participating non-linked plan for children that provides financial protection and savings.

  • Entry Age: 0 to 17 years
  • Premium paying term flexibility
  • Maturity benefit with loyalty additions
  • Death benefit: Sum Assured + Accrued Bonuses
  • Ideal for both education and marriage planning

LIC Jeevan Lakshya (Plan No. 733)

Though not exclusively a child plan, it's widely used for child education & marriage planning due to annual income feature.

  • On death: 10% of Sum Assured paid annually to family + full SA at maturity
  • Ensures family income even in policyholder's absence
  • Maturity: Sum Assured + Loyalty Addition
  • Ideal for parents planning for child's college years

LIC New Children's Money Back Plan (Plan No. 932)

Specifically designed for children's future financial needs with periodic payouts.

  • Entry Age: 0 to 12 years
  • Survival benefits at age 18, 20, and 22
  • Final payment at age 25
  • Risk cover begins from policy inception
  • Perfect for funding education milestones step-by-step

Why Start Planning Early?

Lower premium at younger age — save more over time
Power of compounding works better with early start
Education costs rising 10-12% every year
Marriage expenses doubling every 8-10 years
Tax benefits under Section 80C on premiums
Maturity amount is tax-free under Section 10(10D)
Guaranteed returns — no market risk with LIC
Premium waiver ensures child gets benefit even if parent is no more

Plan Your Child's Future Now!

Get a free personalized quote based on your child's age and your budget. We'll recommend the best plan for education or marriage goals.