LIC’s Child Future Plan (Table No 185):
| Term | Age | Sum Assured | |
| Minimum | 11 | 0 | 100000 |
| Maximum | 27 | 12 | 1000000 |
Premium Ceasing: Age 27 Premium Ceasing Term: 11 Years
LIC Child Future Plan is with profits plan for children not ULIP.
The features of the plan are mentioned below:
o Guaranteed returns in the form of survival benefits.
o Receive 25% of sum assured 5 years before the policy maturity.
o Receive 10% 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 50% of the sum assured plus recessionary bonus 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.
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