Life insurance is primarily designed to protect your dependents from financial disaster in the event of your death. LIC Child Fortune Plus is a unit linked policy. The needs of children go much beyond securing admissions in the best schools and exploring opportunities for education. What are your child’s needs? Marriage expenses foreign or higher studies Your child’s medical bills In case of your death then burial expenses After determining child needs, knowing the benefits and features of the policy are of main criteria: Premium can be paid subject to a minimum of Rs. 25,000 and thereafter in multiples of Rs 1,000/-. The Policyholder will have the option to choose any of the funds like Bond Fund, Secured Fund, Balanced Fund, and Growth Fund. Policy Term: Maximum policy term is 30 years or [25] last birthday of child or [75] nearest birthday of life assured, whichever is lower. If policy is not in force then partial withdrawals are not allowed. Partial withdrawal will be allowed subject to a minimum of Rs. 5000/-in the Policyholder’s Fund or 10% of single premium, whichever is higher. The policyholder can switch between any fund types during the policy term. You can pay your premiums…