LIC Jeevan Kishore: Best Children's Endowment Plan Explained

LIC Jeevan Kishore is a participating endowment plan specifically designed for children. Parents or guardians take this policy on a child's life, making it one of the most secure ways to build a dedicated corpus for your child's future.

## Key Features of Jeevan Kishore

- **Entry Age for Life Assured (Child):** 0 to 12 years - **Policy Term:** 25 minus entry age (so a child enrolled at age 5 gets a 20-year policy) - **Premium Payment Term:** Until the child turns 18, then the policy becomes paid-up automatically - **Sum Assured:** Minimum Rs 1 lakh - **Bonus:** Simple Reversionary Bonus + Final Additional Bonus at maturity - **Loan:** Available after 3 years of premium payment

## The Deferred Premium Advantage

One of Jeevan Kishore's most important features is the **Automatic Premium Deferment**. If the premium falls due while the child is a minor (before 18), and the parent/guardian cannot pay, the premium is automatically deferred — the policy does not lapse. This protects the child's future even during temporary financial difficulties.

## What Does the Child Receive?

At maturity (typically when the child turns 25), they receive: - Sum Assured - Accumulated Simple Reversionary Bonus (declared every year) - Final Additional Bonus (if announced in the maturity year)

A 5-year-old enrolled with Rs 3 lakh sum assured, 20-year term: approximate annual premium Rs 12,000-15,000. Maturity amount: approximately Rs 6-8 lakh (indicative, based on current LIC bonus rates).

## Jeevan Kishore vs Jeevan Tarun

Both are child-focused plans. The key difference: Jeevan Tarun pays annual survival benefits between ages 20-24, while Jeevan Kishore pays everything as a lump sum at maturity. If you prefer a structured payout aligned with college years, Jeevan Tarun is better. If you want a larger lump sum, Jeevan Kishore wins.

## Waiver of Premium — Do Not Skip This

Always add the **Waiver of Premium Rider** to a child plan. If the proposer (parent) passes away, all future premiums are waived and the policy continues on full terms. This is the most important protection for the child's future.

Plan your child's education corpus today using our [maturity calculator](/calculators/maturity). For a personalised plan, call Ajay Kumar Poddar at 9415313434.