Life Insurance Corporation is the largest policymaker in India under the control of the government of India. Insurance is a contract that pledges payment of a sum to the person (or nominee) in case of occurrence of the deed insured against. LIC offers a wide range of policies over a wide range of intervals and customer groups. Life insurance in India started over a hundred years ago. LIC has been the policymaker for over a hundred years. All age groups can make policies, but old aged and the children reap the best benefits.
Children Policies:
The children’s policies offered by LIC are by far the best compared to any other insurance organization. These policies are versatile, and you can tailor them to your requirement. All these policies have a similar layout. You can start the policy before your child reaches the age of 12, and you can choose the age of maturity. The range starts from 18-25 years, according to your child’s career plan. Currently, LIC offers two plans for children.