Child Education Plans in Ahmedabad
Education inflation in India runs near 10% a year — a degree costing Rs 10 lakh today is quoted at Rs 15 lakh-plus in Gujarat cities within a few years. LIC Jeevan Tarun and the New Children’s Money Back Plan lock a guaranteed share of that bill to payout ages 18 through 25.
The critical feature is premium waiver: if anything happens to the earning parent, future premiums stop but every payout continues. Maturity year is matched to the milestone year first — 18 for undergraduate, 22 for postgraduate.
Child Education plans compared
Jeevan Tarun
A limited premium paying money-back plan designed for children.
- Survival benefits at ages 20, 22, 24
- Maturity benefit at age 25
- Premium waiver on death of life assured
- Flexible premium payment terms
New Children's Money Back Plan
Provides money at important stages of your child's education.
- Money-back at ages 18, 20, 22
- Final payment at age 25
- Risk cover from proposal acceptance
- Bonus additions throughout policy term
Child Education — common questions
Which LIC plan is best for my child’s education?
Jeevan Tarun pays at ages 20, 22, 24 with maturity at 25; the New Children’s Money Back Plan pays at 18, 20, 22 with final payment at 25. Both carry premium-waiver protection. The right pick depends on your child’s current age and the milestone year.
How much should I save for my child’s education in Ahmedabad?
Project the course cost at 10% annual education inflation to the milestone year, then size the sum assured to cover a defined share — typically half — with the rest from earnings, scholarships, or loans. A consultation runs your exact numbers free.
What happens to the child plan if the parent dies?
With premium-waiver benefit, all future premiums are waived and every scheduled payout still arrives on time, plus the life cover is paid immediately. This is why waiver-backed plans beat plain savings for education goals.