The 4 best LIC Child Plan in 2023: Key benefits and features of LIC Child Plans for children.

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The 4 best LIC Child Plan in 2023 Key benefits
and features of LIC Child Plans for children.
There is a variety of child plans available from
LIC that can help secure your child's future
financially and give you peace of mind regarding
their dreams and dreams in life. The goal of
this post is to inform you about the best LIC
child plans, as well as their top features and
benefits.
Best LIC child plans / Plan for Girl Child 2023
and Their Features It is only natural for us to
want the best for our children, isn't it? Best
education, best marriage ceremony, best
everything. However, the best always demands a
little more money adds a little more burden on
our finances. But with child plans in
insurance, this burden gets reduced
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• considerably. The LIC girl child plan is an aim
  in this direction, helping parents fearlessly see
  dreams for their children because these dreams
  can now be realized as well!
• Also Read Top LIC Insurance Policies For Girl
  Child
• LIC child plans help you realize these
  aspirations and secure the whole life of your
  child financially. Here are some of the best
  child plans offered by LIC in 2023 to help you
  make an informed decision for your childs
  future.
• 4 Best LIC Policy for Girl Child 2023 in India
• LIC Jeevan Tarun
• LIC Kanyadan Policy
• LIC Child Future Plan
• LIC Single Premium Child Plan
• Here are some of the top child plans by LIC in
  2023 that you can consider to invest in for a
  better future for your child. We present here the
  key features and benefits of each
• LIC Jeevan Tarun Plan for Girl Child
• This is the LIC child education plan that has
  been particularly designed to help you take care
  of your childs higher education without any
  stress. Besides, the plan serves the dual purpose
  of encouraging savings as well as offering
  protection for a lifetime for the child.

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• death of the policyholder or insured during the
  term of the policy, the sum assured is paid to
  the insureds beneficiary, along with the
  accumulated bonus amount at the time of the
  death.
• Upon completion of 20 years, the child is
  entitled to receive a fixed percentage of the
  sum assured for 4 years.
• 2. LIC Kanyadan Policy for Girl Child
• This plan is specifically designed by LIC for
  girl child in India. The plan offers financial
  protection to the girl child at a very less
  premium payment. This LIC plan for girl child
  ensures that you never have to worry about
  supporting the educational and marriage expenses
  of your daughter.
• Features of LIC Kanyadan Policy
• Payment of Rs. 50,000 every year until the policy
  matures
• Upon policy maturity, full maturity amount to be
  paid in lump sum
• Designed to make the girl child financially
  independent in future
• Premium waiver in case of death of the father
• Rs. 10 lakh paid immediately to the beneficiary
  upon death by accident
• Rs. 5 lakh paid immediately upon natural death
• Plan open for NRIs as well
• Benefits of LIC Kanyadan Policy

3. LIC Child Future Plan Scheme As the name
suggests, this plan is designed specifically to
cater to the major future goals of your child
their education, marriage, and other life
expenses. The major benefit of this plan is that
it provides risk coverage to the child not only
during the entire term of the policy but also for
an additional extended period of 7 years.
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• Features of LIC Child Future Plan
• The scheme is a money-back endowment plan
• Premium is payable every quarter, in six months,
  or annually deductions can be made through
  salary
• The term of the policy is 11-27 years
• Benefits of LIC Child Future Plan
• If the insured survives the term of the policy,
  they would be paid survival benefits in addition
  to bonuses on term expiry.
• The policy also guarantees monetary death
  benefits to the beneficiary of the insured.
• The premium is waived off on the death of the
  insured however, the benefits of the policy
  still remain active.
• The plan allows for an extra 30-day grace period
  for payment of premium.
• Premium payable is exempted from tax under
  Section 80C of the Income Tax Act.
• LIC Single Premium Child Plan
• One of LIC best child plan, this scheme assures a
  guaranteed sum to secure the future of your
  child financially. This is also a
  savings-cum-insurance plan that comes with
  profits and allows for only single premium
  payment, thereby not causing any financial burden
  on the parents.
• Features of LIC Single Premium Child Plan

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All of LICs child insurance plans are aimed at
financial security for the child so that they
dont stay away from realizing their dreams. You
can look up the web portal of LIC and choose the
lic scheme for girl child that best suits your
specific requirements. However, based on
research, LIC Children Moneyback Back Plan is
highly preferred among most parents. The regular
payouts offered under the scheme every 2 years
make it favorable among most parents. These
payouts are handed over from the time the child
turns 18 up to the age of 25 years to help
compensate for their higher education. Besides
the LIC policy for girl child, it also allows for
premium waiver benefit, meaning that in case of
death of the parent, the premium amount to be
paid for the remaining policy term would be
waived off for the child. Moreover, all the
benefits of the policy will remain in force and
paid to the child so that they can continue to
realize their goals and dreams in your
absence. To Conclude There are several LIC
child plans available other than the ones
mentioned in this post. Go through the features
and benefits of all of these and then pick the
one that best suits your growing childs
requirements.