932 New Children Money Back - Vision India Insurance

Plan-932 New Children Money Back

"Don't wait! The earlier you start saving, the more your child will benefit in the long run."


It is a money-back guarantee policy that provides good returns in the form of survival benefits at the ages of 18, 20, and 22 of a child to cover higher education costs. Children between the ages of 0 and 12 years can purchase a policy with a maturity age of 25 years. The life of a child while the policy is in effect is also covered by this plan.


Policy Advantages
  • Money Back with Periodic Survival Benefits

    Money back at the ages of 18 years, 20 years, and 22 years to cover the child's education needs, and a lump sum maturity at the age of 25 years to cover the child's marriage expenses.

  • Reinvestment option

    Periodic Survival Benefits in the form of Money Back can be reinvested in other policies and used in conjunction with the maturity amount.

  • Profit Sharing as per Valuation

    Every year, LIC publishes its valuation results. According to the valuation results announced by LIC, profit is being distributed as a bonus to all policyholders.

  • Premium Waiver Benefit

    By paying a small additional premium, you can secure your life in the event of a sudden death, which waives future premiums and allows you to continue the policy with guaranteed returns to fulfil your child's dream even if you are not present.

So, What you are waiting for ? Fill your details to select the Plan.

Only certified LIC expert will assist you

Product Specification:




Entry Age (Last Birthday)

0 years

12 years

Maturity Age (Last Birthday)

25 years

Policy Term (PT) in years

25 – entry age

Premium Paying Term (PPT) in years

7 pay, 10 pay or (term-5)

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly



No limit

Sum Assured


No limit


Premium Waiver Benefit (PWB) Rider – optional

Minimum Entry Age : 18 Years (completed)

Maximum Entry Age : 55 Years (Nearer Birthday)

Maximum cover ceasing age : 70 Years (Nearest Birthday)


Details about Premium:

Age / Sum Assured




0 year




5 years




10 years




12 years





Policy Details of LIC’s New Children’s Money Back Plan:

Grace Period:The grace period for premium payments is 15 days for monthly payments and 30 days for other payments. The coverage expires if the policyholder doesn’t pay within the grace period.

Policy Termination or Surrender Benefit: Once three complete years’ worth of premiums has been paid, the policyholder is permitted to surrender the policy and receive the Surrender Value. The Guaranteed Surrender Value (GSV) or the Special Surrender Value will be higher than the Surrender Value.

GSV = (GSV % of Premiums paid – Survival Benefits already paid) + GSV % of vested Bonuses

Free Look Period:If you are dissatisfied with the coverage and terms and conditions of the policy, you have the option of cancelling it within 15 days of receiving the policy documents, provided there has been no claim.


Document Required:

The policyholder must complete a "Application form/proposal form" with proper medical information, address verification, and other KYC papers. Depending on the amount promised and the person's age, the LIC firm may occasionally need a medical exam.


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