CHILD EDUCATION & MARRIAGE PLAN

  • This plan is combination of few plans and is specially designed keeping in mind the two important aspects of children i.e. Education and Marriage.
  • Best suited for a newly born child.
  • Children will receive money regularly from age 18 to 25 years which will help in their education and marriage.
  • In case of sudden demise of any parent, future premium will be waived off and child will receive the same amount at the same time as decided while taking policy.
  • Also certain amount will be paid to the family along with waiver off premium for children’s basic education purpose.
  • Double tax benefit of section 80 C& 10 (10D).
  • All in one combo for child’s education and marriage purpose.

An Illustration:At the Basic Sum Assured (BSA) of 9 Lac

CHILD EDUCATION & MARRIAGE PACKAGE

 

Age of Father

 30 Years

 

Age of Child

0 Years

 

Annual Premium: Nearly ₹ 45,000

 

On Survival: Earns Money at the right time

 

Age of Child

Amount Receivable

 

18

₹ 1 Lac

 

19

₹ 1.90 Lac

 

20

₹ 1 Lac

 

21

₹ 2.10 Lac

 

22

₹ 1 Lac

 

23

₹ 2.30 Lac

 

24

₹ 2.40 Lac

 

25

₹ 10.25 Lac

 

On unfortunate death of father during term of the policy, Nominee will get 4,00,000 immediately& all the future premiums will be waived off
&
Educational expenses will be covered as under

 
 

Age of Child

 Amount Receivable

 

Next year from date of death

₹ 40,000 per year

 

18

₹ 1.40 Lac

 

19

₹ 2.30 Lac

 

20

₹ 1.30 Lac

 

21

₹ 2.40 Lac

 

22

₹ 1.20 Lac

 

23

₹ 2.50 Lac

 

24

₹ 2.50 Lac

 

25

₹ 10.25 Lac

 

Disclaimer: “Child Education & Marriage Package” is a concept name only and it’s not a direct product of LIC, this is a combination of various plans and the plans used for combination are of LIC of INDIA.

 

 

 

 

  • This plan is combination of few plans and is specially designed keeping in mind the two important aspects of children i.e. Education and Marriage.
  • Best suited for a newly born child.
  • Children will receive money regularly from age 18 to 25 years which will help in their education and marriage.
  • In case of sudden demise of any parent, future premium will be waived off and child will receive the same amount at the same time as decided while taking policy.
  • Also certain amount will be paid to the family along with waiver off premium for children’s basic education purpose.
  • Double tax benefit of section 80 C& 10 (10D).
  • All in one combo for child’s education and marriage purpose.

An Illustration:At the Basic Sum Assured (BSA) of 9 Lac

CHILD EDUCATION & MARRIAGE PACKAGE

 

Age of Father

 30 Years

 

Age of Child

0 Years

 

Annual Premium: Nearly ₹ 45,000

 

On Survival: Earns Money at the right time

 

Age of Child

Amount Receivable

 

18

₹ 1 Lac

 

19

₹ 1.90 Lac

 

20

₹ 1 Lac

 

21

₹ 2.10 Lac

 

22

₹ 1 Lac

 

23

₹ 2.30 Lac

 

24

₹ 2.40 Lac

 

25

₹ 10.25 Lac

 

On unfortunate death of father during term of the policy, Nominee will get 4,00,000 immediately& all the future premiums will be waived off
&
Educational expenses will be covered as under

 
 

Age of Child

 Amount Receivable

 

Next year from date of death

₹ 40,000 per year

 

18

₹ 1.40 Lac

 

19

₹ 2.30 Lac

 

20

₹ 1.30 Lac

 

21

₹ 2.40 Lac

 

22

₹ 1.20 Lac

 

23

₹ 2.50 Lac

 

24

₹ 2.50 Lac

 

25

₹ 10.25 Lac

 

Disclaimer: “Child Education & Marriage Package” is a concept name only and it’s not a direct product of LIC, this is a combination of various plans and the plans used for combination are of LIC of INDIA.

 

 

 

 

 

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