New Children Money Back Plan 932

New Children’s Money Back Plan 932: LIC of India new plan launched on 1st. February 2020 which name is LIC New Children’s Money Back Plan 932 (Table no 932) is a traditional plan. LIC New Children’s Money Back Plan 932 is a regular premium payment money back policy. LIC ‘New Children Money Back policy 932′ is specially designed for various financial needs of children through money back at age 18, 20, and 22 of child. You can buy now online LIC new children money back plan 932 through credit card/debit card, net banking, upi and wallets on our LIC’s New Business Platform.

Every parent in India dreams of providing their child with the best education, financial security, and a stable future. But with rising education costs, healthcare expenses, and uncertain job markets, relying only on savings is often not enough.

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That’s why Indian parents often turn to LIC – Life Insurance Corporation of India, a trusted name in life insurance for decades. Among LIC’s popular child-centric policies, the New Children’s Money Back Plan 932 stands out because it is designed to provide timely payouts during crucial stages of a child’s life – such as education, marriage, or career establishment – along with an insurance safety net.

What is LIC New Children’s Money Back Plan 932?

LIC New Children’s Money Back Plan (Table No. 932) is a non-linked, participating, individual life assurance plan. It’s specially designed to meet the educational, career, and marriage needs of growing children through periodic survival benefits and a maturity benefit.

Key highlights:

Provides survival benefits (money back payouts) when the child is 18, 20, and 22 years old.
A lump sum maturity benefit is paid at 25 years of age.
In case of unfortunate death, a life cover is provided to secure the child’s financial future.
Policy also participates in LIC’s bonuses for additional returns.

Key Features of LIC New Children’s Money Back Plan 932

✅ Child-focused – Designed to meet education & marriage expenses.
✅ Survival Benefits – 20% of the Sum Assured at ages 18, 20, and 22.
✅ Maturity Benefit – Remaining 40% of Sum Assured + bonuses at age 25.
✅ Life Cover – Insurance protection in case of untimely death.
✅ Participation in Profits – Eligible for LIC’s bonuses.
✅ Premium Waiver Rider (Optional) – If the proposer (parent) dies, future premiums are waived.
✅ Loan Facility – Available after 2 years of premium payment.
✅ Tax Benefits – Premiums under Section 80C, maturity under 10(10D).

Eligibility Criteria

Parameter	Details
Minimum Entry Age (Child)	0 years (last birthday)
Maximum Entry Age (Child)	12 years (last birthday)
Policy Term	25 – Age at entry of child
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	No Limit (multiple of ₹10,000)
Premium Payment Term	Policy Term – 5 years
Survival Benefits	At ages 18, 20, 22 (20% each)
Maturity Age	25 years
Premium Waiver Rider	Available (optional)

Benefits of LIC New Children’s Money Back Plan 932

1. Survival Benefits

At age 18 → 20% of Sum Assured
At age 20 → 20% of Sum Assured
At age 22 → 20% of Sum Assured

2. Maturity Benefit

At age 25 → Remaining 40% of Sum Assured + Bonuses + Final Additional Bonus (if any).

3. Death Benefit

If the child dies before commencement of risk: Refund of premiums (excluding taxes & extra charges).
If death occurs after commencement of risk: Sum Assured on Death + Bonuses.

4. Optional Premium Waiver Rider

If the proposer (parent) dies before completion of policy term → All future premiums are waived, and the child continues to enjoy policy benefits.

5. Loan Facility

Loan available after 2 years of premium payment.

6. Tax Benefits

Section 80C (premium paid).
Section 10(10D) (maturity/death benefits tax-free).

Example – How LIC New Children’s Money Back Plan 932 Works

Let’s take a real-life example:

Details	Example
Age of Child (at entry)	5 years
Policy Term	20 years (till 25 years of child)
Basic Sum Assured	₹5,00,000
Premium Payment Term	15 years
Annual Premium	₹30,000 approx.

Benefits Received

At age 18 → ₹1,00,000 (20% of SA)
At age 20 → ₹1,00,000 (20% of SA)
At age 22 → ₹1,00,000 (20% of SA)
At age 25 (maturity) → ₹2,00,000 (40% of SA) + Bonuses (~₹2,50,000 to ₹3,00,000 depending on rates)

👉 So, total payout = Around ₹7.5–8 lakh for an investment of ~₹4.5 lakh premiums.

Why Parents Should Consider This Plan

Timely Cash Flow – Payouts during child’s education/marriage years.
Dual Benefit – Savings + Life Cover.
Stress-free Premiums – Flexible term & optional rider for safety.
Trusted Brand – LIC is India’s most trusted insurer.
Safe Returns – With bonuses, the plan ensures long-term growth.

Investor Scenarios & Case Studies

Scenario 1 – Parent Planning for Higher Education

Mr. Verma starts a policy for his 3-year-old son with a ₹5 lakh Sum Assured.

By age 18, 20, and 22 → Receives ₹1 lakh each for education.
At 25 → Son receives maturity ~₹5 lakh+.
Insight: Perfect to handle rising education costs.

Scenario 2 – Parent Planning for Marriage Expenses

Mrs. Mehta invests in the plan for her 6-year-old daughter with ₹10 lakh Sum Assured.

At ages 18, 20, and 22 → Receives ₹2 lakh each.
At 25 → Daughter receives ~₹12–14 lakh.
Insight: Creates a marriage fund with assured payouts.

Scenario 3 – Grandparent Gifting Future Security

A grandfather buys this policy for his 8-year-old grandson.

Provides financial support at crucial ages.
Ensures wealth transfer with bonuses.
Insight: A meaningful financial gift.

Analyst Opinions & Insights

📊 Returns: Approx. 5.5% – 7% IRR (with bonuses).
🏦 Comparison: Safer than mutual funds/ULIPs but lower returns.
✅ Best for: Parents seeking guaranteed payouts during education/marriage stages.
⚠️ Limitation: Not ideal for investors seeking high-risk/high-return growth.

Expert Note: This plan is about discipline, safety, and milestone-based payouts—not just returns.

Advantages & Disadvantages

✅ Advantages

Periodic payouts at crucial ages.
Bonus participation boosts returns.
Premium waiver rider ensures continuity.
Tax benefits under 80C & 10(10D).
Trusted LIC brand.

❌ Disadvantages

Returns are moderate.
Long lock-in period.
Not suitable for short-term goals.

Comparison with Other LIC Child Plans

Plan	Payouts	Maturity	Best For
LIC Jeevan Tarun 934	Flexible survival benefits	Lump sum at 25	Education-focused
LIC New Children’s Money Back 932	Fixed payouts at 18, 20, 22	Lump sum at 25	Education & marriage
LIC Amritbaal 774	Market-linked returns	Flexible maturity	Long-term wealth creation

FAQs (Google-Friendly)

Q1: What is LIC New Children’s Money Back Plan 932?
Ans: It’s a child-specific insurance plan that provides periodic payouts at ages 18, 20, 22 and maturity at 25.

Q2: Who can buy this plan?
Ans: Parents or grandparents for children aged 0–12 years.

Q3: What happens if the parent dies?
Ans: With the Premium Waiver Rider, premiums are waived and the child continues to receive benefits.

Q4: Is loan available?
Ans: Yes, after 2 years of premium payments.

Q5: Is maturity amount tax-free?
Ans: Yes, under Section 10(10D) (subject to rules).

Q6: Is this better than mutual funds?
Ans: It’s safer but offers lower returns. Ideal for risk-averse parents.

Conclusion – Should You Invest in LIC New Children’s Money Back Plan 932?

If your goal is to secure your child’s education, marriage, or career expenses, the LIC New Children’s Money Back Plan 932 is an excellent choice.

✔ It provides timely payouts when you need funds the most.
✔ Offers life cover + maturity benefits.
✔ Ensures safe, tax-efficient savings with LIC’s trust.

It may not provide very high returns like equity-based investments, but it offers peace of mind, financial discipline, and milestone-based planning—which is priceless for parents.

👉 Final Verdict: A must-have policy for Indian parents who want structured savings and insurance protection for their child’s secure future.