LIC: In this scheme of LIC, you will get 19 lakh rupees on investing 150 rupees, people are investing in large numbers..

LIC Children Money Bank Plan: Lakhs of rupees are needed for the education and marriage of children, which can be difficult to collect together. Therefore, many people want to secure the future of their children by making small savings. In this context, LIC's Children Money Back Policy is an effective option. This policy helps in providing financial security and necessary funds for your children so that you can better manage their future.

In this policy of LIC, you have to deposit Rs 150 daily. Also, when the time of maturity comes, you will have a fund of Rs 19 lakh. If you also want a secure future for your children, then you must know about LIC's Children Money Back Policy. Here we are telling you about this scheme in detail.

LIC Children Money Back Scheme-
In this scheme of LIC, investment can be made in the name of a child of a minimum of 0 years and a maximum of 12 years. The maturity period of this scheme is 25 years of age. Suppose your child is 5 years old, then your policy will mature after 20 years i.e. at the age of 25 years of the child.

The maturity period is at 25 years of age-
The maturity period of LI's Children Money Back Policy is at 25 years of age. Let us tell you that in this policy, 20 percent of the basic sum assured money is available at the age of 18, 20 and 22 years. Also, at the age of 25, he gets the 'sum assured on maturity' with bonus. The sum assured received on maturity is equal to 40 percent of the 'basic sum assured (total amount of insurance)'.

You will get a fund of 19 lakhs in 25 years-
If you invest Rs 150 per day in LIC Children Money Back Plan from the time of your child's birth, it will provide you with around Rs 19 lakhs over a maturity period of 25 years. At the rate of Rs 55,000 annually, a total of Rs 14 lakhs will be deposited in 25 years. Apart from this, due to the interest and bonus received under this scheme, you will get a huge amount of Rs 19 lakhs at the time of maturity.

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