Planning early for your child’s education, marriage, and future needs is one of the most important financial decisions a parent can make. LIC child plans are designed to combine insurance protection + long-term savings, helping you create a disciplined corpus over time.
Here are 3 popular lic plans that are commonly used for securing a child’s future.
LIC jeevan Tarun Plan
This is one of the most popular child-focused savings plans from LIC.
Key Features:
- Designed specifically for children aged 0 to 12 years
- Combination of savings + life cover
- Flexible benefit options during the child’s education stage
- Maturity benefit paid at around age 25
Why parents choose it:
- Helps fund higher education and early career needs
- Partial payouts during college years reduce financial stress
- Provides insurance cover for financial security
👉 This plan is ideal if you want structured support for education milestones.
2. lic New Children’s Money Back Plan
LIC New Children's Money Back Plan
A traditional money-back style plan that provides periodic payouts instead of only a lump sum at maturity.
Key Features:
- Entry age: typically 0 to 12 years
- Survival benefits paid at different stages
- Final maturity amount at the end of policy term
- Life insurance protection during the policy period
Why it stands out:
- Regular payouts help during school/college years
- Reduces dependency on a single maturity amount
- Useful for planned expenses like education fees or marriage
👉 Best suited for parents who want cash flow at different stages, not just at maturity.
LIC jeevan Lakshya Plan
Although not exclusively a child plan, it is widely used for child financial planning.
Key Features:
- Provides annual income benefit if the parent is not alive
- Lump sum maturity benefit for child’s future needs
- Premium waiver benefit in case of policyholder’s death
- Long-term savings with insurance protection
Why it is useful:
- Ensures child’s education continues even in the absence of parents
- Strong financial safety net
- Good mix of protection + savings
👉 Ideal for families prioritizing financial security + risk protection.
Quick Comparison of These lic Child Plans
Feature
Jeevan Tarun
New Children’s Money Back
Jeevan Lakshya
Main Purpose
Education + savings
Stage-wise payouts
Protection + long-term savings
Payout Type
Lump sum at maturity
Periodic + maturity
Income + lump sum
Risk Cover
Yes
Yes
Strong (premium waiver)
Best For
Higher education planning
Regular financial needs
Family protection focus
Final Takeaway
LIC child plans are not just investments—they are long-term financial safety tools. The right plan depends on your goal:
- 🎓 Education-focused → Jeevan Tarun
- 💰 Regular expense support → Children’s Money Back Plan
- 🛡️ Protection + security → Jeevan Lakshya
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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