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LIC’s New Children’s Money Back Plan is a insurance cum investment plan which can be used for securing the financial needs of a child as they turn 25 years old. It is a participating plan and hence is eligible for bonus depending on the performance of LIC.

Key Benefits of LIC New Children’s Money Back Plan
Participating non-linked money back plan eligible for bonus
Designed to cater to educational, marriage and other needs of growing children
Offers cover on the life of child during the policy term
Can be bought by parent or grandparent for a child aged 0 to 12 years

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