This is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. It can be availed by parents having children aged between 0 to 10 years.

Features
· Parents can propose the child's life.
· Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured
· Risk commences after 2 years from the date of commencement of policy or on policy anniversary following completion of 7 years by the child, whichever is later.

This is an Endowment Assurance Plan available for children b/w 1 year and 12 years of age, with risk commencing at an early age. The policy may be purchased by any of the parent/grand parent.

Features
· Children between ages 1 and 12 years are eligible.
· Parents can propose the child’s life.
· Sum assured is payable either on survival to the term or on death happening within the term
· Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child.

Risk Commencement Age
· For children aged 1 to 4 years, risk commences from policy anniversary after attaining age 7 years

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.

It is specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life.

Features
• Benefits are payable to beneficiary at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy
• It also provides an immediate payment of basic sum assured amount o death of the life assured during the term of the policy.
• Premiums can be paid yearly, half yearly, quarterly, monthly or through salary deductions in case of regular premium.
• Various premium paying terms are offered
1. Single premium: One year
2. Regular premium payable during(n-3) yrs, where n is the policy term