LIC has long been regarded as one of India’s most reliable financial institutions, offering trustworthy and secure investment options. Over the decades, LIC has introduced several policies tailored to the needs of different income groups. These plans are designed not only to provide assured returns but also to safeguard a family’s financial stability. Among these, the LIC New Children Money Back Plan stands out as a popular choice for parents who want to build a solid financial base for their children.
Understanding the LIC New Children Money Back PlanThe New Children Money Back Plan is a participating, non-linked policy created specifically to support a child’s long-term financial needs. Parents can purchase this plan for their children anytime from birth up to 12 years of age. The purpose of the scheme is to help families prepare for major expenses such as school education, higher studies, professional courses, or marriage.
A key feature of this policy is its periodic money-back benefits, which provide financial support during crucial phases of a child's development. The policy also offers a significant lump-sum payment at maturity, making it a dependable savings option.
Daily Savings of ₹150 Can Build a Massive Future FundIf a parent begins this policy at the time of the child’s birth, the premium amounts to around ₹150 per day. When calculated, this comes to roughly ₹4,500 per month, or about ₹55,000 annually—a manageable figure for many households. Regular savings of this amount over a long period help parents build wealth without overwhelming financial pressure.
A Maturity Corpus of Nearly ₹19 Lakh After 25 YearsBy continuing the investment for nearly 25 years, parents end up contributing around ₹14 lakh in total. However, this is where LIC’s bonus structure brings tremendous value. With the addition of accrued bonuses and other benefits, the maturity amount reaches approximately ₹19 lakh.
This sizeable fund can be a powerful financial backup for vital moments in a child’s life—be it college admission, setting up a career, studying abroad, or even marriage.
Why Parents Prefer This LIC PlanSeveral factors make the New Children Money Back Plan one of the most dependable choices among Indian families:
Extremely low risk, as the plan is backed by LIC’s proven credibility
Consistent and secured returns, unlike market-linked investments
Periodic money-back payouts to support educational milestones
Attractive bonuses and substantial maturity value
Easy premium options, making it suitable for middle-class households
LIC’s wide service network and customer-friendly claim settlement process also add to the plan’s reliability, making it a preferred long-term investment for securing a child’s future.