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New Children's Money Back Plan Calculator

Plan 732UIN: 512N296V03

Money back at key ages for your child's milestones

Calculate Your Premium

Eligibility: 0 to 12 years

Minimum: ₹1,00,000

View full plan details for New Children's Money Back Plan→
Estimated Premium

Annual Premium

₹9,311

GST-exempt (individual life cover)

Annual Premium

₹9,501

Sum Assured

₹1,00,000

Term

25 years

Total Premium

₹2,32,775

Add riders

Benefits at a Glance

Death Benefit

Sum Assured + bonuses; future premiums waived

Maturity Benefit

Final survival benefit + bonuses at maturity

Survival Benefit

Periodic survival benefits during the policy

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)
Official Premium Table(from LIC Sales Brochure)
Age25 yr
0 yrs₹9,006
5 yrs₹11,682
8 yrs₹14,200
10 yrs₹16,395
12 yrs₹19,002

Annual premiums in Rs. for BSA of ₹2,00,000. Standard lives. Exclusive of taxes.

Mode Rebates: Yearly: -2% of Tabular Premium | Half-Yearly: -1% of Tabular Premium | Qtr/Monthly: NIL

High Sum Assured Rebate

Sum Assured RangeRebate
₹2L to ₹5LNil
₹5L to ₹10L₹2.50 per ₹1,000 BSA
₹10L and above₹4.00 per ₹1,000 BSA

Important Disclaimer

These premium rates are indicative, sourced from official LIC Sales Brochures. Actual premiums may differ based on underwriting, medical examination, and other factors. Individual life insurance is GST-exempt since Sep 2025. Please consult your insurance advisor or nearest LIC branch for exact premium quotes before making any purchase decisions.

Last verified: 2026-03-21

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