LIC Plan for Child Education – Best Options in 2026

Best LIC Plans for Your Child's Future (2026)

Planning for your child's education and marriage is one of the most important financial decisions. LIC offers dedicated child plans that provide both savings and protection — even if the parent passes away.

Top LIC Child Plans

1. LIC Jeevan Tarun (Plan 932)

• Child entry age: 0 to 12 years
• Benefits paid from age 20 to 24 years
• Premium waiver if parent dies
• Bonus: ₹45/1000 SA/yr
• Best for: Education at 20-24

2. LIC Jeevan Lakshya Child (Plan 934)

• Child entry age: 2 to 13 years
• If parent dies: Premiums waived + 10% SA paid annually to family till maturity
• At maturity: Full SA + bonus
• Best for: Family income protection + child savings

How Much Should You Save?

Engineering degree (2040 estimate): ₹15-20 Lakhs. Plan 932, child age 5, ₹5L SA: Annual premium ≈ ₹28,900. At child's age 25: Maturity ≈ ₹8.5L. For ₹15L goal: ₹10L SA policy with ≈₹57,800/yr premium.

Why LIC Child Plans Beat FD/RD

• Life cover included (FD/RD has no insurance)
• Premium waiver on parent death (FD/RD stops)
• Guaranteed maturity + bonus (FD/RD has no bonus)
• Tax benefit under 80C (up to ₹1.5L)

Calculate the exact premium and maturity for your child's plan at our Jeevan Tarun calculator.