This presentation is about LIC's most popular children's plan called the CHILD FUTURE PLAN. This is the most ideal plan for parents who want to secure their children's future. There are different options available for people of various earning capacities and payment modalities suited based on individual priorities.

1. LIC’s Child Future Plan – Table 185
By Ravi Kumar,
Financial Advisor
Blue Sapphire Financial Services
Mobile: 9900113820 / 9900253820
Email : ravi.kumar@bsfinancials.com
Web : http://www.bsfinancials.com

2. LIC’s Child Future Plan – Table 185
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This plan is exclusively designed to meet educational
and other future needs of the child
It also provides risk cover on the child not only during
the policy term but also during the extended term
Policy term is equal to Maturity age minus Age at entry
Father or Mother has to be the proposer
Auto Cover: If at-least 2 full years premium have been
paid, full death cover shall continue for a period of
2 years from the date of first unpaid premium
If the child outlives the entire tenure, then he / she
receives 115% of the Sum Assured
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3. LIC’s Child Future Plan – Table 185
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Title
1
Minimum age of entry
0 years
2
Maximum age of entry
12 years
age last birthday
3
Minimum maturity age
23 years
age last birthday
4
Maximum maturity age
27 years
age last birthday
5
Maximum Term
27 years
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6
Minimum S.A.
Rs. 1 lac
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Rs. 1 crore
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7
Maximum S.A.
Value
Comment (if any)
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8
Premium Paying Term
6 years or
policy term
minus 5 years
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9
Modes allowed
Yly, Hly, Qty /
SSS
Yly rebate – 2%
Hly rebate – 1%
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4. LIC’s Child Future Plan – Table 185
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Survival Benefit (Total 115% + Bonus + F.A.):
Term
5 years before the
policy term
4 years before the
policy term
3 years before the
policy term
2 years before the
policy term
1 years before the
policy term
Benefit
date of expiry of
date of expiry of
date of expiry of
date of expiry of
date of expiry of
On the date of expiry of policy term
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25% of the Sum Assured
10% of the Sum Assured
10% of the Sum Assured
10% of the Sum Assured
10% of the Sum Assured
50% of the Sum Assured along with
vested Simple Reversionary Bonuses
and Final (Additional) Bonus, if any.
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5. LIC’s Child Future Plan – Table 185
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Death Benefit:
Term
Benefit
On death (after the Date of Commencement of Risk)
S.A. along with vested Simple
Reversionary Bonuses and Final
(Additional) Bonus, if any shall be
payable.
On death during the Extended Term
S.A. is payable
On death (before the Date of Commencement of Risk)
All the premiums paid (excluding
extra premium and premium for
premium waiver benefit, if any,)
along with interest of 3% p.a
compounding yearly shall be
payable.
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6. LIC’s Child Future Plan – Table 185
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Premium Waiver Benefit: It provides waiver of
premiums on death of proposer. However, it
is available on payment of extra premium.
Auto Cover: If at-least two full years
premiums have been paid, full death cover
shall continue for a period of two years from
the date of first unpaid premium. This rider is
built-in the policy (no extra premium
charged).
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7. LIC’s Child Future Plan – Table 185
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Mr. Mahendar Singh aged 35 yrs takes a policy on his daughter
Ms.Smriti aged 3 years for S.A. of Rs.5 lacs (M.A. – 24 yrs, PPT 15
yrs).
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Ms. Smriti will get Rs.1.25 lacs (25% of S.A.) @ her age of 18.
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Further she will get Rs.50,000 (10% of S.A.) at her age of 19, 20, 21
and 22.
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At the end of policy term i.e. at the age of 23, she will receive
Rs.2.5 lacs (50% of S.A.) along with Bonus + FAB (if any).
Totally she will receive a sum of Rs.5,75,000 + Bonus 4 lacs +
1,10,000 FAB = Rs.10,85,000
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8. LIC’s Child Future Plan – Table 185
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India’s largest Insurance company
Winner of some of the most prestigious
awards such as CNBC Awaaz, Outlook Money,
Golden Peacock, etc.
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Total Assets of Rs. 13,17, 416 crores
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Life Fund in excess of Rs.11,51,200 crores
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More than 53 different products
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More than 16 crore policy holders
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9. LIC’s Child Future Plan – Table 185