CHILD EDUCATION & MARRIAGE PACKAGE

  • 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.