If you are an Indian or a Non-Resident Indian Investor trying to secure the future of your sweet child irrespective of whether you are there or not, Possibly, you will find Child Career Plan of Life Insurance Corporation of India- an Institution par excellent in the fields of life insurance and funds management one of the most ideal plans that could meet your requirement, provided your child is in the age group of 0-12 years.


Cash Flow under Child Career Plan is as under :-

• 30% of the insured amount on child's survival upto Policy Term-5 years.
• Additional 15% of the insured amount on child's survival upto Policy Term-4 years.
• Additional 15% of the insured amount on child's survival upto Policy Term-3 years.
• Additional 15% of the insured amount on child's survival upto Policy Term-2 years.
• Additional 15% of the insured amount on child's survival upto Policy Term-1 year.
• All premiums paid without any deduction whatsoever + 3% per year compounding Yearly, in case of child’s death before commencement of risk.
• Insured amount + Reversionary Bonus + Final Additional Bonus (if any) , in case of child's death after commencement of risk, but, before 5 years of the policy expiry term.
• Insured amount, in case of child's death within 5 years of the expiry of the policy term.

Unique benefits under the Child Career Plan :

1. Extended life insurance coverage for another 7 years on chilod's survival upto the policy term chosen without any more premium. During this period, in case of death of the life assured, nominee is to receive full insured amount.
2. There is continuous flow funds for the child when it is actually needed.
3. In case of proposer's (parent ) death during minority of the child, further premium payable upto 18 years will be waived provided Premium Waiver Benefit has been availed by payment of a little extra premium.

Best gift from you as parent to your child is LIC's Child Career Plan.