The Life Insurance Corporation of India offers several excellent investment plans. We're going to tell you about one excellent LIC plan, investing in which will eliminate the worry of major expenses like children's higher education and marriage.
Today, we're going to tell you about LIC's new Children's Money Back Plan, in which you can build a corpus of up to ₹19 lakh by investing approximately ₹150 per day. You can start investing in this non-linked, participating plan when your child is between 0 and 12 years old.
The scheme requires regular investments of approximately ₹150 per day, or approximately ₹55,000 per year, for 25 years. Your total contribution will amount to approximately ₹14 lakh. Upon policy maturity, you will receive approximately ₹19 lakh. This amount will help you cover major expenses like your child's education or marriage.
PC: newsbytesapp
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