Your child is the most important part of your life. Life is unthinkable without your child. It wouldn’t be wrong to say that after your child comes into your life; your child inevitably becomes your life. Securing your child’s future so that they can have financial and mental peace of mind seems to be the number one priority. You can do this using the LIC child subscription.
The LIC Child Plan is a life insurance plan designed to meet the needs of your child. This secures your newborn baby’s future, even long after you are no part of their life. The LIC Child Plan secures the child’s financial future and assures the parent of a better life for their child. Your child is the apple of your eye and deserves the best life. Choose the best LIC child plan can be a bit tricky given the many available policies. Some of the best LIC kids plans are as follows:
1. NEW MONEY BACK PLAN FOR CHILDREN
This LIC Child plan is really the best newborn baby girls LIC policy. It is intended to meet the various financial needs of the child long after the parent is absent. It works to meet the financial requirements in the most important stages of your child, especially a newborn baby girl:
Life insurance and
Other needs as a child grows.
These needs are met through the numerous benefits offered by the policy. They are as follows:
LIC PREMIUM EXEMPTION
The LIC Premium Waiver is probably its best feature which, as the name suggests, allows waiver of the premiums in the event of the death of the petitioner. This does not cause a financial burden to the child.
· SURVIVAL BENEFITS
As the life insured child reaches the ages of 18, 20 and 22 years, 20 percent of the base sum insured will be paid, provided the policy is active, if the life insured survives the term of the LIC policy.
2.LIC JEEVAN TARUN POLICY
We all want our child’s educational and academic career to be prosperous. The LIC Jeevan Tarun Polis is the perfect way to ensure a good education for your child. This one has again been included in the list of best policies for newborn baby girls. The policy would ensure that your child does not have to depend on anyone for his future. It can be purchased when the child is born until approximately when the child turns 12 years old. It also has numerous advantages:
· SURVIVAL BENEFITS
The petitioner can arrange for the life insured to receive annual payments at any time between the ages of 20 and 24 and the total amount when the policy matures. The part of the payment can also be determined and decided by the applicant.
· TERM ADVANTAGE
The term payment ensures that the insured receives a term payment because the percentage of the insured amount is chosen earlier.