Life Insurance Corporation of India (LIC) has launched a new conventional plan for children that is designed to meet their educational and other needs. This scheme is different from other child policies as, unlike other plans, parents will be insured while the child will be beneficiary/nominee. So, in case of unfortunate death of parents, child will get the money
Eligibility Conditions and Other Restrictions (For Basic Plan)
- Minimum Sum Assured: Rs. 100,000
- Maximum Sum Assured: No Limit (The Sum Assured shall be in multiples of Rs. 5000/-)
- Minimum Age at entry for Life Assured: 18 years (completed)
- Maximum Age at entry for Life Assured : 50…
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