Child Career Plan

A career plan for children by LIC of India is a life insurance product that, in order to meet increasing education and other needs of growing children, has been specifically developed. It provides risk protection for the life of a child, not only during the policy term but also following an extended period which is up to seven years after the end of the policy term. To survive a life guaranteed for the end of specified time periods, many survival benefits are payable.

Under Child’s Career Plan vested bonus is payable along with first guaranteed survival benefit of 30% of sum assured followed by subsequent 5 annual guaranteed survival benefits @15% of sum assured. Thus total returns being 105% of basic sum assured + vested bonus and terminal bonus, if any.

Premium Waiver Benefit:

In LIC’s Child Career Plan there is a provision for additional risk cover of the proposer. The proposer may choose for his benefit waiver of premiums on death of proposer.

Income Tax benefits:

Income tax benefits are available to the proposer as per the regulations of Income tax Act.

Benefit Illustration of LIC of India’s Child Career Plan:

This plan is discontinued, and we’ll recommend a new plan as you need it.

Please send a mail to [email protected] along with following details for specialized illustration for you.

Proposer’s Details:


Date of birth

Child’s Details;


Date of birth

Amount you are willing to invest annually


Phone numbers:

Any other information you want to provide

Presentation for LIC of India's Child Career Plan
Presentation for L…
Hosted by eSnips

1 comment for “Child Career Plan

Leave a Reply