LIC Jeevan Lakshya Child Plan 934 – Parent's Guide

Why Plan 934 is Every Parent's Best Friend

If you as a parent die during the policy term: LIC waives ALL future premiums AND pays 10% of SA annually to your family till maturity. At maturity: Full SA + bonus goes to the child. Child's future is secured even if you're not there.

For a child aged 5, ₹5L SA, 20-yr term: Annual family income on parent death = ₹50,000/yr. Maturity at child's age 25: ≈ ₹8.5L lump sum. Total family protection: ₹10L + ₹8.5L maturity = ₹18.5L.