LIC's New Children's Money Back (Plan 732) Calculator

Plan No. 732 (UIN: 512N296V03) - Estimate your benefits

Child's Age at Entry (Years) Min: 0, Max: 12 years (last birthday)

Basic Sum Assured (₹) Min: ₹2,00,000. Auto-adjusts to multiples (₹5k, ₹50k, ₹1L based on SA).

Policy Term (Years) Calculated: 25 - Child's Age

Premium Paying Term (Years) Calculated: 25 - Child's Age

Proposer's Age (Years) Min 18. For PWB: (PPT + Prop. Age) <= 70.

Optional Rider (for Proposer)

Premium Waiver Benefit (PWB) Rider Future premiums waived on proposer's death. (UIN: 512B204V04)

Premium Options

Select a payment mode to see detailed summary below.

GST: 4.5% in 1st year, 2.25% from 2nd year onwards on Base Premium.

Policy Setup

Survival Benefits (Guaranteed)

20% of Basic Sum Assured payable on policy anniversary after child completes specified ages, if policy is in-force:

Child's Age at SB	Amount (₹)
Total Survival Benefits Paid:

Maturity Benefit (At child's age 25)

Particulars	@4% p.a. (NG)	@8% p.a. (NG)
Total Maturity

Maturity Value includes Sum Assured on Maturity (40% of BSA - G) + Vested SRB (NG) + FAB (NG), if any. SRB and FAB are non-guaranteed and depend on LIC's future experience.

Death Benefit Illustration (Estimated)

Particulars	@4% p.a. (NG)	@8% p.a. (NG)
Total Death Benefit

Year-wise (Yearly)

@4% @8%

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Pol. Yr	Age	Premium (₹)	SB (G) (₹)	GSV (G) (₹)	Bonus @4% (NG) (₹)	Bonus @8% (NG) (₹)	Death Ben. @4% (NG) (₹)	Death Ben. @8% (NG) (₹)

Pol. Yr = Policy Year (End), Age = Child's Age (End), SB (G) = Guaranteed Survival Benefit, GSV (G) = Guaranteed Surrender Value (premiums part, net of SBs paid), (NG) = Non-Guaranteed. The non-guaranteed benefits (1) are calculated so that they are consistent with the Projected Investment Rate of Return assumption of 4% p.a. (Scenario 1) and 8% p.a. (Scenario 2) respectively. (2) They are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance. Guaranteed Surrender Value (GSV) for premiums paid is shown based on PDF factors. Special Surrender Value (SSV) may be higher and is not shown. Death benefit shown assumes death after risk commencement.

Summary & Brochure

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Key Features:

A participating, non-linked, individual, life assurance savings plan.
Designed for educational, marriage, and other needs of children.
Survival benefits: 20% of BSA at child's age 18, 20, and 22 years.
Maturity benefit: 40% of BSA + bonuses at child's age 25.
Option to avail Premium Waiver Benefit Rider for the proposer.
Loan facility available.

Eligibility:

Minimum Entry Age: 0 years (last birthday)
Maximum Entry Age: 12 years (last birthday)
Maturity Age: 25 years (last birthday)
Policy Term: (25 - Age at entry) years
Premium Paying Term: (25 - Age at entry) years
Minimum Basic Sum Assured: ₹2,00,000
Maximum Basic Sum Assured: No Limit

Risk Commencement:

If entry age < 8 years: Earlier of 2 policy years from commencement OR policy anniversary after child completes 8 years of age.
If entry age >= 8 years: Immediately from policy issuance.

Download Brochure

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