Become conscious your dream to give your child a bright future. The Childrens plan is specially designed to get the rising educational, marriage and some other needs of your growing child. This insurance plan is also provides the not only risk cover but during the life insurance policy term also gives extended term seven years after on policy term expiry.

There are also some features like you must choose Sum Assured (S.A), Policy term, Maturity age, Premium Waiver Benefit and Mode of Premium. You must choose your premium mode which you want like yearly, half yearly, quarterly or through salary deductions over your term of policy.

This Insurance policy gives you some benefit also like 5 year before the date of expiry you will get 25% of Sum Assured; 4 year before the date of expiry you will get 10% of Sum Assured, 3 year before the date of expiry you will get 10% of Sum Assured, 2 year before the date of expiry you will get 10% of Sum Assured, 1 year before the date of expiry you will get 10% of Sum Assured and on the date of expiry of policy term you will get 50% of Sum Assured with vested- Simple Reversionary Bonuses and Final (Additional) Bonus, if any.

Its minimum entry age is 0 or maximum entry age is 12, its minimum maturity age is 23 years or maximum maturity age is 27, minimum sum assured is Rs. 1,00,000 or maximum sum assured is Rs. 100,00,000. Its policy term is 11 to 27 years and premium paying term is 6 years and policy term less 5 years.

[Source: LIC India]

All Insurance companies are giving high rate of interest. They have gives you Rider of death benefit, accidental benefit, hospitality rider and Tax free amount. These companies are investing the money of insurance is in big companies share and they will give huge interest. The insurance company has provided some types of investment feature like protector, balancer and maximizer. In protector type Policy the Company has invest 75 percent money in Government sector and 25 percent in private sector. In balancer Type policy the Company has invest 50 percent money in Government sector and other 50 percent in private sector and in maximizer type policy the company has invest 25 percent in Government sector and 75 percent in private sector. In protector they will give you 9 to 15 percent and in balancer they will give you 17 to 25 percent and in maximizer they will gives you 38 to 45 percent according to companies share.

[Source: Insurance.com]