LIC New Children's Money Back Plan
Money back at key ages for your child's milestones
What is LIC New Children's Money Back Plan?
LIC New Children's Money Back Plan (Plan 732, UIN 512N296V03) is a children's plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.
Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured + bonuses; future premiums waived. On surviving the full term, the policyholder gets: Final survival benefit + bonuses at maturity. Along the way: Periodic survival benefits during the policy.
It suits people looking for child education, child milestones and savings. NRIs can buy this plan too.
Key Highlights
Benefits Explained Simply
Eligibility & Details
Tax Benefits
- Section 80C deduction on premiums
- Maturity tax-free under 10(10D)
Premium Rates (Indicative)
VERIFIED from official LIC Sales Brochure. PT = 25 minus age at entry. Survival benefits: 20% BSA at ages 18, 20, 22. Maturity: 40% BSA + bonuses. ₹2 lakh BSA.
Source: LIC Official Sales Brochure | Data last verified: 21 March 2026
Who is This Plan Best For?
Frequently Asked Questions
The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.