The Child Career Plan from LIC is specially designed to meet the increasing educational 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.

Benefits

Survival Benefits

On life assured surviving to the end of the specified durations an amount specified below is payable:
(1) 5yrs before the date of expiry of policy term: 30% of Sum assured along with vested Simple Reversionary Bonus.