Why Every Indian Parent Should Consider LIC Children Plan in 2025
Raising a child in today’s world is both a joy and a responsibility. From school fees to higher education, wedding plans to unexpected emergencies — everything needs careful planning. That’s where the LIC Children Plan comes in.
LIC (Life Insurance Corporation of India) has been a trusted name in Indian households for decades. Their child plans are specially designed to ensure your child’s future is safe, no matter what life throws at you. Let’s find out why every Indian parent should seriously think about getting a LIC Children Plan in 2025.
What is LIC Children Plan?
The LIC Children Plans are a savings-cum-insurance policy. It helps parents build a financial cushion for their child’s future needs like:
- School or college education
- Marriage expenses
- Emergency medical support
- Financial security in case of the parent’s untimely death
In simple words, it’s a smart and safe way to save for your child’s tomorrow.
Top 7 Benefits of LIC Children Plan
1. Guaranteed Returns and Safety
Unlike risky investments, the LIC Children Plan offers guaranteed returns. Your money is safe and grows over time. This is very important for middle-class Indian families who want stable and tension-free investments.
Plus, LIC is backed by the Government of India — so there’s extra trust and safety involved.
2. Helps You Build a Habit of Saving
We all want to save for our child’s future, but sometimes life’s expenses make it difficult. With a LIC Children Plan, you pay small regular premiums — monthly, quarterly, or yearly. Slowly but surely, this turns into a big amount over the years.
3. Financial Support Even If You’re Not Around
This is one of the most important reasons to consider a LIC Children Plan. If something happens to you, the plan continues. Your child still receives all the benefits without having to pay any more premiums. That’s because LIC offers a “Premium Waiver” in most child plans.
Your child’s dreams stay alive — even if you’re not around.
4. Flexible Plans to Match Your Budget
LIC offers different child plans depending on your needs and income. Whether you’re salaried or self-employed, LIC has a plan for everyone.
You can start with low premiums and still create a meaningful fund over time.
5. Tax Benefits Too!
Under Section 80C of the Income Tax Act, the premiums you pay for a LIC Children Plan are eligible for tax deductions. Even the maturity amount is tax-free under Section 10(10D), subject to conditions.
This means you save for your child and save on tax too — a double benefit.
6. Easy Loan Option in Future
Sometimes, you might need quick money for urgent expenses. Many LIC Children Plans offer loan facilities after a few years of premium payment. So, your savings can support you even before maturity.
7. Perfect Gift for New Parents
Are you a new parent or know someone who just had a baby? The LIC Children Plan is a perfect gift. It’s not just money — it’s the gift of security, dreams, and future success.
Why 2025 is the Right Year to Start
As education fees keep increasing, inflation and employment uncertainties rise, 2025 is a wise time to plan.
- You pay lower premiums
- You get longer time to build savings
- Your child’s future goals are well-planned
Want to explore more LIC plans? Check out our full list of LIC products here for smarter financial planning.
Key Features of LIC Children Plan
- Sum Assured: You choose the amount based on future needs
- Premium Waiver: Extends even after the policyholder’s demise
- Flexible Terms: Select between 10 and 25 years
- Bonus Facility: Some plans come with annual bonus additions
- Loan Availability: Available after 3 years in most cases
FAQs on LIC Children Plan
1. Is LIC Children Plan only for newborns?
No. You can start a plan for any child under 12 years of age.
2. What if I miss a premium?
LIC gives you a grace period. You can even revive a lapsed policy within a few years.
3. Is LIC Children Plan better than mutual funds?
Both have their pros and cons. LIC offers safety and guaranteed returns. Mutual funds offer higher returns but come with risks.
4. How do I buy a LIC Children Plan?
You can visit your nearest LIC branch or connect with a registered LIC agent. Some plans are also available online.
Conclusion
A child’s future is full of possibilities — but it needs solid financial planning. The LIC Children Plan gives every Indian parent the peace of mind that no matter what happens, their child’s dreams will stay protected.
So, do not delay. Plan today. Your little steps today will pay a big dividend tomorrow.
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