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Children's Plans helps you save so that you can fulfill your child's dreams and aspirations. These plans go a long way in securing your child's future by financing the key milestones in their lives even if you are no longer around to oversee them. As a parent, you wish to provide your child with the very best that life offers, the best possible education, marriage and life style. |
Most of these goals have a price tag attached and unless you plan your finances carefully, you may not be able to provide the required economic support to your child when you need it the most. For example, with the high and rising costs of education, if you are not financially prepared, your child may miss an opportunity of a lifetime.
Today, a 2-year MBA course at a premiere management institute would cost you nearly Rs. 3,00,000/- At a assumed 6% rate of inflation per annum, 20 years later, you would need almost Rs. 9,07,680/- to finance your child's MBA degree |
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As a parent, you would not like to compromise your child's bright career, regardless of the rising cost of education. All you need is a saving’s plan that is designed to provide money at key educational milestones and take care of your loved ones future even if you are not around. Education insurance offers you unique features which ensure that this objective is achieved and it helps in strengthening your child’s dreams. |
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Choose Your Children Plan |
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Choose Your Children Plan |
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Child Carreer Plan |
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This plan is specially designed to meet the increasing educational and other needs of growing children. 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 of Survival benefits are payable on surviving by the life assured to the end of the specified durations. |
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Child Future Plan |
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All of us wish to ensure the best possible future for our children. With the cost of education sky rocketing, it is all the more important that an early provision is made to ensure that your loved ones get a good head start in life. LIC’s Child Fortune Plus is a total solution to their education and other needs. The plan is a unit linked one offering the prospects of long term capital appreciation. |
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Komal Jeevan |
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LIC’s Jeevan ANURAG is a with profits plan 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. Benefits under the plan are payable 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. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy. |
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Jeevan Kishore |
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High bonus from day one. Child becomes owner of the poLICy automatically at the age of 18 years. Risk commences after 2 years of poLICy or on completion of 7 years of age, whichever is later. No medical examination of the child if age is less than 10 years. |
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Jeevan Anurag |
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LIC’s Jeevan ANURAG is a with profits plan 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. Benefits under the plan are payable 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. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy. |
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Jeevan Chaya |
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This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of poLICy term whether the life assured dies or survives the term of the poLICy. |
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Marriage / Educational |
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This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child. |
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