Plan 932 Actuarion Engine 2026

LIC Children's Money Back (Plan 932) Calculator

Model LIC's current children's money-back plan. Project survival payouts at child ages 18, 20, and 22, along with final maturity returns.

Survival Money-Back: 20% of Sum Assured paid at ages 18, 20, and 22

Maturity Benefit: Remaining 40% of SA plus bonuses paid at age 25

Optional Premium Waiver Benefit (PWB) Rider for parent protection

Participating Plan: Earns reversionary and final additional bonuses

Section 80C and 10(10D) tax benefits

LIC Child Money Back Inputs

LIC Child Money Back (Plan 932) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹3,00,000

2. Age of Proposer/Insured (Years)5 Years Old

3. Policy Coverage Term (Years)20 Years

Premium Payment Frequency

Plan 932

Estimated Maturity Returns

₹3,87,000

Estimated returns payout at policy maturity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

$First Year Premium:₹573

Renewal Premium (Year 2+):₹560

Total Estimated Premiums Paid:₹11,213

Basic Sum Assured:₹3,00,000

Accumulated Endowment Bonuses:₹2,52,000

Total Survival Money-Back Payouts:₹1,80,000

Estimated Net Maturity Benefit:₹3,87,000

Returns Performance50.57x Return

Guide to LIC Children's Money Back Plan (Plan 932)

LIC's New Children's Money Back Plan (Plan 932) is a non-linked, participating individual endowment money-back plan. It is specifically designed to meet the educational, marriage, and career needs of growing children. Payouts are made at child ages 18, 20, and 22, with the final maturity payout at age 25.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age (Child)	0 Years (90 Days completed)
Maximum Entry Age (Child)	12 Years
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	No Limit (in multiples of ₹10,000)
Policy Maturity Age	25 Years
Survival Benefits	20% of SA paid at child ages 18, 20, and 22

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. The periodic money-back cashbacks and final maturity proceeds are tax-exempt under Section 10(10D).

Frequently Asked Questions (FAQs)

What happens if the child survives to age 18?

At age 18, the child receives a survival benefit equal to 20% of the Basic Sum Assured. Similar 20% payouts are made at ages 20 and 22.

What does the policyholder receive at maturity (age 25)?

On survival of the life assured to age 25, the remaining 40% of the Basic Sum Assured along with accumulated Simple Reversionary Bonuses and any Final Additional Bonus (FAB) is paid.

Is the Premium Waiver Benefit rider important?

Yes, it is highly recommended. It ensures that if the parent (proposer) passes away during the term, all future premiums are waived, while the child's payouts remain secure.

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