LIC plans for a child’s education
Education costs do not arrive as a single bill. They arrive in instalments, usually from about seventeen onward, and often for several years.
That timing is what should decide the plan structure — not the brand name of the policy.
Work backwards from the cost, not forwards from the premium
Start with what the course is likely to cost, when it starts, and how education inflation might affect it. That gives a target. Only then does a premium figure mean anything.
The goal corpus calculator does this from a target amount, a time horizon and an assumed rate, and shows every assumption it used so you can argue with them.
Two structures, two different jobs
A money-back or survival-benefit plan pays at intervals, which lines up with fees due across several years. An endowment pays once at maturity, which suits a single large cost.
Whichever you choose, the Premium Waiver Benefit Rider is what makes the plan survive the event it is supposed to protect against. A child plan without it stops if the proposer dies, at precisely the wrong moment.
From LIC's own brochures
Active plans to look at
These are LIC plans currently active in our dataset, matched on the criteria described above. Each page quotes LIC's own brochure and links to the source PDF. Nothing here is ranked by what earns the most.
Work it out yourself
Calculators for this
Common questions
When should I start a child education policy?
Earlier gives a longer compounding period and a lower premium for the same maturity amount. Current LIC child plans accept entry from as young as 30 days.
What if I need the money before maturity?
Surrendering early usually returns less than was paid in. A policy loan against the accrued value is often the better route — the policy loan guide explains how that works.
Should the policy be on the child or on me?
Both have a place. A child plan builds the amount; term cover on the earning parent guarantees the goal is still funded if that income stops. If you can only do one first, most advisors would say protect the income.
Not sure which of these applies to you?
Five questions, no account needed, and it will tell you honestly if nothing fits rather than pushing the closest match.