In this article, we discuss the top two child plans from LIC. We talk about their benefits and how they can be of use to you and your child. Take a look. Life Insurance Corporation of India, or LIC, as it is commonly known is one of the oldest and the most reputed life insurance companies in the country. It has some very good insurance products. The child insurance plans from LIC especially stand out as they have some of the best features. In this article, we take a look at the LIC child plans and their features and benefits.
What is a child plan?
Before we proceed, let us first understand what a child plan is. A child insurance plan provides protection to a child by covering his parent. The parent is, therefore, the policyholder and the child is the beneficiary. So if anything happens to the parent, the sum assured from the child plan will be given to the child and can be used for her or his education, health and general well-being.
LIC child insurance plans
There are primarily two child plans available from LIC. They are:
Let us take a detailed look at these plans.
LIC Child Future Plan
The features of this LIC child plan are as follows:
These features make the LIC Child Future Plan one of the best child insurance plans in India presently.
LIC Child Career Plan
Next, we have the Child Career Plan from LIC. This too is a money back plan where the child receives payouts at pre-decided intervals. The features of this plan include:
These are some of the features that make the LIC Child Career Plan stand out.
To sum it up
As we saw, the LIC child plans are packed with benefits. As a parent, you must do everything within your power to protect your child. A child is a gift and the gift needs care. So buy a child plan from the Life Insurance Corporation of India and keep your precious child secured. After all, you would want him or her to enjoy a comfortable life even after you are gone.
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