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Plan No. 934
  • This plan has been specially designed to meet the career needs of your child
  • You have the option to choose the nature of pay-outs to match the need of your child. The plan offers the benefit in instalments or lump sum as chosen by the customer
  • This plan also offers the Guaranteed risk cover of 125% of the Sum Assured
  • The premium is payable only for a limited period under this plan
  • On Maturity the child gets the Sum Assured along with Vested Bonus and Final Bonus, if any
  • This plan also has the premium waiver benefit where the premium is paid by the LIC in case of any unfortunate event
  • This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
  • In a similar way, the policyholder also has the option of choosing the death benefit in installments
  • LIC also offer the discount in the premium in case the mode of payment is Yearly
  • The loan is also available to the policyholder after the completion of 1 year of the policy
How Does This Policy Work
Sample illustration
Eligibility Criteria
Min. Max.
Age 90 Days (Completed) 12 Years (Last Birthday)
Policy Term 25 Years - Age at Entry
Premium Payment Term 20 Years - Age at entry
Basic Sum Assured Rs.75,000 No Limit
Maximum Maturity Age 25 Years (Last Birthday)
Rider LICís PREMIUM WAIVER BENEFIT RIDER (PWB)
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