The LIC New Children’s Money Back Plan 732 Calculator is a practical tool for Indian parents and guardians who want to ensure their child’s financial future with guaranteed payouts at key life milestones.

Every parent dreams of providing the best opportunities for their children—be it quality education, setting up a career, or a memorable wedding. LIC’s New Children’s Money Back Plan 732 is designed to fulfill these aspirations, offering a structured savings and protection plan.

With this policy, parents can effectively map out important financial goals and ensure peace of mind, knowing their child’s future needs will be met.

LIC New Children’s Money Back Plan 732: Overview

LIC New Children’s Money Back Plan 732 is a traditional, participating, non-linked money-back insurance policy. This means the policy is eligible for bonuses and provides regular payouts at predetermined intervals, alongside maturity and insurance benefits.

Either a parent or a grandparent can purchase this plan for a child aged 0 to 12 years, offering flexibility in premium payment modes and policy customization.

Key Features

Below are the standout features of the plan:

• Entry Age: 0 to 12 years (last birthday).
• Maturity Age: 25 years (last birthday).
• Policy Term: 25 minus the entry age; if a child enters at age 8, the term is 17 years.
• Premium Payment Frequency: Annual, half-yearly, quarterly, or monthly.
• Minimum Sum Assured: ₹1,00,000 or ₹2,00,000 (policy sources vary slightly).
• Maximum Sum Assured: No cap (in multiples of ₹10,000).
• Survival Benefits: 20% of the sum assured at ages 18, 20, and 22.
• Maturity Benefit: 40% of the sum assured plus bonuses at age 25.
• Death Benefit: Sum Assured on death plus bonuses.
• Loan Facility: Available after a specified period.
• Optional Rider: Premium Waiver Benefit, which waives premiums if the parent dies during the term.

The Role of the LIC New Children’s Money Back Plan 732 Calculator

Using the calculator simplifies the process of estimating potential payouts, survival benefits, and maturity amounts. Here’s why it’s important for parents:

• Calculates the premiums based on child’s age, sum assured, and selected policy term.
• Projects the survival benefits at ages 18, 20, and 22, and the maturity lump sum at 25 years.
• Compares different policy scenarios (varying sum assured/premium terms), helping parents choose the most suitable configuration for their financial situation.
• Offers transparency with bonus accumulation illustrations, tax benefits, and surrender/loan values.
• Allows users to experiment and plan—making informed decisions based on realistic numbers.

Plan Benefits Explained

Survival Benefits

At key milestones—when the child reaches ages 18, 20, and 22—the plan pays 20% of the sum assured each time. These payouts align with major educational expenses or other significant needs in a young adult’s life.

Maturity Benefit

At age 25, the child receives 40% of the sum assured, along with vested “reversionary bonuses” and a possible final additional bonus. This lump sum can assist with marriage costs, initial career expenses, or setting up a new home.

Death Benefit

If the child (life assured) dies before the end of the policy term, the nominee receives the “sum assured on death” plus accumulated bonuses. Notably, any previously paid survival benefits are not deducted from the claim—ensuring full compensation for the family.

Premium Waiver Benefit Rider

If the parent/legal guardian dies while the policy is active, this rider waives all future premiums—the policy continues with full benefits for the child.

Participation in LIC Profits

Being a “participating” policy, the plan earns annual bonuses declared by LIC, which enhance the eventual maturity amount.

Tax Benefits

• Premiums paid are eligible for tax deduction under Section 80C.
• Payouts—survival, maturity, and death—are usually tax-free under Section 10(10D), making this a tax-efficient savings option.

Eligibility Criteria

Parameter	Minimum	Maximum
Entry Age (Last Birthday)	0 years	12 years
Maturity Age (Last Birthday)	25 years	25 years
Policy Term (in years)	25 – entry age	25 – entry age
Minimum Sum Assured	₹2,00,000	No Limit
Premium Paying Term	Same as policy term
Premium Frequency	Yearly, Half-Yearly, Quarterly, Monthly

The plan is flexible and inclusive, enabling parents and grandparents to secure a child’s future from birth onwards.

How to Use the LIC New Children’s Money Back Plan 732 Calculator

Step 1: Go to a reputable LIC calculator tool—such as LICCalculators.net, PolicyBazaar, or OneInsure.

Step 2: Input key details:

• Child’s age
• Desired sum assured
• Premium payment frequency
• Policy term (auto-calculated as 25 minus child’s age at entry)
• Optional rider selection

Step 3: Review estimated premiums and projected payouts for survival benefits, maturity, and insurance coverage.

Step 4: Adjust parameters as needed—try different sum assured amounts and payment frequencies, or add/remove riders.

Step 5: Finalize the best plan according to your financial capability and future goals.

Detailed Example

Let’s assume Master Aditya enters the plan at age 5, with a sum assured of ₹4,00,000 :

• Policy Term: 25 – 5 = 20 years
• Premium Payment: Paid annually
• Survival Benefits:
  • At age 18: ₹80,000 (20%)
  • At age 20: ₹80,000 (20%)
  • At age 22: ₹80,000 (20%)
• Maturity at 25: ₹1,60,000 (40%) + bonuses
• Bonuses: Can vary (as declared by LIC each year)

This structure means the child’s education, career, and marriage milestones are financially supported—while also receiving a lump sum at 25 for life’s next phase.

Surrender, Loan & Revival Provisions

• Surrender: If premiums have been paid for at least two years, the policy can be surrendered for a specified value, which can be easily calculated using the online tool.
• Loan Facility: Available after a few policy years for urgent liquidity needs.
• Revival: Lapsed policies can generally be revived within a specified period by paying pending premiums and fulfilling terms set by LIC.

Why LIC New Children’s Money Back Plan 732 is Popular

• It is specially tailored for Indian parents seeking milestone payouts that closely align with school/college fees, higher studies, and weddings.
• The premium waiver rider ensures that, even if a parent passes away, the child’s policy continues unimpeded—a critical risk protection feature.
• Tax benefits and risk-free returns make this a preferred savings instrument.
• Policyholders participate in LIC’s profits via annual bonuses, directly increasing their maturity corpus.
• Peace of mind and structured savings for a child’s future.

Comparison with Jeevan Tarun Plan

Feature	Children’s Money Back 732	Jeevan Tarun 734
Survival Benefits	Fixed payouts at 18, 20, 22	Flexible payouts 20–24 years
Maturity Benefit	40% of SA + bonuses at 25	At 25, flexible
Premium Waiver Rider	Available	Available
Entry Age	0–12 years	0–12 years
Flexibility	Lower (fixed payouts)	Higher (custom selection)
CIaim Process	Simple	Simple

LIC Children’s Money Back 732 is for parents who want guaranteed payouts at fixed life stages, while Jeevan Tarun allows selecting payout years as per evolving needs.

How to Buy LIC New Children’s Money Back Plan 732

• Visit LIC branch, licensed agent, corporate agent, broker, or authorized marketing firm.
• Can be purchased online via the official LIC new business platform or recognized insurance portals.
• Fill the application, submit the required documents (child’s age proof, parent/guardian ID, address proof).
• Select sum assured, policy term, premium frequency, and optional riders.

Secure Your Child’s Future Today

In today’s age of rising costs and financial uncertainty, planning ahead is essential. LIC New Children’s Money Back Plan 732 combines the dual advantages of insurance and structured savings, ensuring that your child’s dreams are never deferred due to lack of funds.

• Financial confidence for education, marriage, and more.
• Guaranteed milestone payouts.
• Full life cover and bonus participation.

Underline your commitment to your child’s future with LIC’s trusted protection.

Use an online calculator to plan ahead and confidently safeguard your child’s tomorrow. [External tools: LICCalculator.info, PolicyBazaar, OneInsure].

Frequently Asked Questions (FAQs)

Conclusion

LIC’s New Children’s Money Back Plan 732 is not just an insurance policy—it is a promise to your child, a framework for confidently meeting life’s milestones. With survival benefits, attractive bonuses, a robust death benefit, and easily calculated future values, it offers what every parent seeks: certainty.