Secure Your Child’s Future: 3 LIC Plans That Can Build a Strong Financial Foundation

Kokila Chokkanathan
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.

1. lic jeevan Tarun Plan

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.

3. lic jeevan Lakshya Plan

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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