LIC LIC's New Children's Money Back Plan (Plan No. 932): Full Guide, Eligibility & Premium

LIC's New Children's Money Back Plan belongs to LIC's money back plans family. In one line: payouts at 18, 20 and 22

Eligibility at a glance — entry age 0 to 12 years (child); sum assured ₹1,00,000 and above; policy term Maturity at age 25. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Three survival payouts at ages 18, 20 and 22 Maturity benefit at age 25 with bonuses Premium waiver rider available on the proposer Life cover on the child from the risk start date Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Parents funding college admission, fees and early career costs. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's New Children's Money Back Plan through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.