Maturity Benefits (When Child Turns 25)

When your child reaches age 25 and the policy completes its term, they’ll receive the maturity benefit which includes a guaranteed portion plus accumulated bonuses. This lump sum can help with higher education, marriage, or starting a career.

Understanding Maturity Benefits: The maturity payout includes 40% of Basic Sum Assured (guaranteed), plus Simple Reversionary Bonuses and Final Additional Bonus. The bonus amounts are illustrative projections based on assumed investment returns and are not guaranteed – they depend on LIC’s actual investment performance throughout the policy term.

Death Benefit Protection (Child’s Life Cover)

In the unfortunate event of the child’s death during the policy term (after risk commencement), the nominees will receive a death benefit. This includes Sum Assured on Death plus any accumulated bonuses. The illustration below shows benefits if death occurs at age 15 (policy year 10).

Important Notes About Risk Coverage: If child’s entry age is less than 8 years, risk coverage starts on the earlier of: (a) 2 years from policy commencement, or (b) policy anniversary after child completes 8 years. If death occurs before risk commencement, only premiums paid (excluding taxes and riders) are returned without interest. Sum Assured on Death is the higher of Basic Sum Assured or 7 times annual premium, with minimum of 105% of total premiums paid.

Important Disclaimers: All figures are estimates and not guaranteed. Premium includes applicable GST and PWB rider charges (if opted) for your selected payment mode. Accrued bonuses, surrender values, and death benefits are calculated based on illustrative investment return rates (4% or 8% p.a.). Guaranteed Surrender Value (GSV) is shown based on standard industry factors. Special Surrender Value (SSV) may be higher but is not shown. Death benefit assumes death occurs after risk commencement. If death occurs before risk commencement (child age < 8 for entry age < 8), only premiums paid are returned without interest. SB (G) = Guaranteed Survival Benefit, GSV (G) = Guaranteed Surrender Value, (NG) = Non-Guaranteed. Always consult with an LIC representative for precise calculations.