1. LIC Jeevan Tarun
Best For: Child’s higher education & marriage.
Entry Age of Child: 0 to 12 years.
Maturity Age: 25 years of child.
Benefits:
Flexible payout options for education needs (from age 20 to 24 years).
Maturity benefit at 25 years.
Life cover on parent, so if something happens to you, future premiums are waived, and your child still gets the full maturity.
🔹 2. LIC New Children’s Money Back Plan
Best For: Education milestones + lump sum at 25 years.
Entry Age of Child: 0 to 12 years.
Maturity Age: 25 years.
Benefits:
Money back at 18, 20, and 22 years (20% of Sum Assured each time).
Remaining 40% + Bonus at age 25.
Risk cover from 8 years of age or 2 years after policy start.