Child Education Plan
Invest Rs160* per day and Get Rs 20Lac free for the education of your child. Non Linked, Participating, with profit, Plan from LIC, Suitable for new born babies
Important features of this Plan
- Suitable for new born kids.
- Plan early save more,
- Not related to stock Market.
- with profit.
- Primary education is secured.
- Premium waiver benefit.
- Tax free maturity
Maturity Benefit: The maturity Rs 20 Lac will be given to the parents for the welfare of the child, when the child will turn 18yrs of age. The parents will have an option to take the maturity as lump sum or in equal installments in 18th year, 19th year, 20th year, 21 year & 22nd year.
Death Benefit: In case of mishappening (death) with the proposer, future premium will be waived and the plan continues with all its features, and the maturity of Rs 20Lac will be given to the child at 18yrs of age.
Tax Benefit: The premium paid will be tax exempted under section 80(C) and the maturity of the education plan will be tax free under section 10.10D
Loan: Loan on this plan will be given after two years.
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