Comparing LIC Child Plans for 2026: Jeevan Lakshya, New Children’s Money Back, and Jeevan Tarun
LIC child plans 2026 for education, IRR growth: Compare Jeevan Lakshya, New Children’s Money Back and Jeevan Tarun
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LIC offers various child plans to secure educational futures amidst rising costs. Key plans include Jeevan Lakshya with an Internal Rate of Return (IRR) of 7.02%, New Children's Money Back at 6.87%, and Jeevan Tarun at 6.86%. Each plan features unique benefits, making it essential for parents to choose based on individual needs.
- 01Jeevan Lakshya offers the highest IRR at 7.02%, providing annual survival benefits and full maturity payout.
- 02New Children's Money Back provides flexible payouts at ages 18, 20, and 22, with a total maturity benefit of 60%.
- 03Jeevan Tarun allows customization of survival benefits, offering flexibility in payouts.
- 04All plans require a premium of approximately ₹42,000 annually for a ₹10 lakh sum assured.
- 05Consulting a financial planner is crucial for making informed decisions regarding these plans.
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LIC provides several child plans aimed at securing educational futures against inflation and rising costs. The Jeevan Lakshya plan boasts the highest Internal Rate of Return (IRR) at 7.02%, with annual survival benefits and a full maturity payout when the child reaches 25. The New Children's Money Back plan offers a total maturity benefit of 60% at ages 18, 20, and 22, while the Jeevan Tarun plan allows for customizable survival benefits, catering to varying parental needs. Each plan requires an annual premium of approximately ₹42,000 for a ₹10 lakh sum assured. Parents are advised to consider their child's age, financial capacity, and risk tolerance while consulting with LIC agents and financial planners to ensure they select the most suitable plan for their needs.
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These plans help parents manage the financial burden of education costs, ensuring funds are available when needed for college or higher education.
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