Every parent wants to secure their child future — education, career, and marriage. LIC offers several child-specific plans that guarantee funds are available exactly when your child needs them.

Best LIC Child Plans in 2026

1. LIC Jeevan Tarun (Plan No. 934)

The most comprehensive child plan from LIC with survival benefits starting from age 20.

Entry Age of Child: 90 days to 12 years
Policy Term: 25 years minus age at entry
Survival Benefits: 5 percent of SA at age 20, 21, 22, 23 and 20-40 percent at age 24 (you choose the combination)
Maturity: Remaining SA + Bonus at age 25
Premium Waiver: If parent dies, all future premiums are waived but benefits continue

This is the best plan if you want money at multiple stages for your child.

2. LIC New Childrens Money Back (Plan No. 932)

Survival Benefits: 20 percent of SA at ages 18, 20, 22 and 40 percent at age 25 plus bonus.
Premium Payment: Until child reaches 18 or parent passes away (whichever is earlier).
Ideal for planning education plus marriage expenses.

3. LIC Jeevan Anand for Children

Though not a dedicated child plan, many parents buy Jeevan Anand in the child name for long-term wealth creation with life cover.

How Much to Invest for Child Education?

Education costs double every 7-8 years due to inflation:

Engineering today: Rs 10-15 Lakh → In 15 years: Rs 35-50 Lakh
Medical today: Rs 30-50 Lakh → In 15 years: Rs 1-1.5 Crore
MBA today: Rs 15-25 Lakh → In 15 years: Rs 50-80 Lakh

Start early and invest consistently. Even Rs 5,000 per month in a child plan can grow to Rs 15-20 Lakh in 15 years.

Why LIC Child Plan Over Mutual Fund?

LIC Advantage: Guaranteed returns, premium waiver if parent dies, disciplined savings, tax benefits.
Mutual Fund Advantage: Higher potential returns but market risk, no life cover, no premium waiver.
Best Strategy: LIC child plan for guaranteed base plus SIP in mutual fund for additional growth.

Plan Your Child Future — FREE

Use our Education Cost Calculator to know exactly how much you need. Then book a free consultation and we will create a customized child plan.