LIC Child Career Plan (Table No 184):
Premium Ceasing: Age 27 Premium Ceasing Term: 11 Years
Child Career Plan is with profits plan for children. The features of the plan are mentioned below:
o Guaranteed returns in the form of survival benefits .
o Receive 30% of sum assured 5 years before the policy maturity plus recessionary bonus.
o Receive 15% of sum assured at 4th,3rd,2nd and one year before the expiry of policy term
o On expiry of policy the policyholder will get 15% of the sum assured and Final Additional Bonus.
o Extended term of 7 years is available from the date of expiry of the policy term.
o In case of non-payment of premium after at least two full year’s premium has been paid, full
death cover shall continue for a period of 2 years from the date of first unpaid premium.
o Sum assured is available between 1 lakh and 1 crore.
o Minimum and maximum entry age 0 years and 12 years respectively.
For Getting Charts, Presentation, Question, Answers, Reviews, Quotations Various kind of Options in LIC Child Career Plan, Child Unit / ULIP Plans. Type your Business query for lic’s Child Career plans here.