This is an endowment assurance plan, specially designed for people who wish to protect their families from a financial crisis that may occur due to untimely death and in particular to meet the educational and marriage expenses of children.

Features
. Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.

Lic Children Plans| Lic of India

It is designed to meet the increasing educational, marriage and other needs of growing children.

Features
· It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term).
· A number benefits can be availed on surviving by the life assured to the end of the specified durations
· You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium payment and Premium Waiver Benefit
· Premiums can be paid yearly, half yearly, quarterly, monthly or through salary deductions over the term of policy and it can be paid either for 6 years or up to 5 years before the policy term