Child Fortune Plus:

In today’s world education has become a business with most of the private schools and colleges demanding donation every year.  From the time the child starts going to school not only do the parents have to pay the schools fees, but there are extracurricular activities like sports, music, dance, karate, skating etc.

In addition to this tuitions too are on the rise.  All these things are extra expenses.  In order to give our children the best in education as well as career options, the best answer would be to buy your child a Child Fortune Plus policy from LIC.

You will receive the following benefits if you buy LIC’s Child Fortune Plus:
This policy’s maturity benefit needs the child either the child to attain an age of 25 years or the life insured should have completed 75 years in order to receive the maturity benefit at the time of maturity.  On maturity, the fund value will be paid to them.

If the policy holder dies before the completion of the policy term, the child beneficiary is eligible to receive the sum assured and the future premiums are waived off by the policy.

If for any reason you want to withdraw an amount from your investment, you can do so after you have completed three full policy years.

You can pay your premiums as a single payment or you can pay your premiums at regular intervals.

If for some reason the policy has ceased, you can activate it within a period of two years from the date of first unpaid premium.  If you have paid your premiums for duration of three years, then you will be covered during the revival period too.  The policy holder can also choose to continue the life cover even though the revival period is over without paying premiums or activating the policy.

LIC’s Child Fortune Plus is a perfect solution for your child that is planned to take care of your child’s educational and career aspirations. This is the best gift to your child while you are alive or even not around