Today, the cost of education right from early childhood is rising rapidly. Insurance policies can be a good way for parents to deal with this expenditure. For a newborn baby girl, LIC Children Plans can prove to be the best fit. 1. New Children's Money Back Plan This plan helps you to fulfill a variety of needs of children at different stages. The basic eligibility age for this plan is minimum 0 years (time of birth) and maximum 12 years. The total age at maturity is 25 years. This plan is an individual policy plan. Maturity benefit will be provided which would be equal to the assured sum and other applicable bonuses. The premium would be paid quarterly, monthly, annually or half yearly The minimum sum assured is Rs. 1, 00,000 This policy covers maturity benefit, death benefit and survival benefit. In this plan, the premium amount is paid at regular intervals. The child receives 20% of the total sum at 18 years of age, 20% each year again at 20 and 22 years of age and the re...