If you are also worried about the future of your child, then now your worry is going to go away. LIC has come up with a policy for your child in which money will rain on your child. That is, he will get so much money that his future will be secure. Know what is the details of the policy.
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LIC Jeevan Tarun Plan With the age of children
LIC Jeevan Tarun Plan With the age of children, parents start worrying about their education and other expenses. In such a situation, the parents who do not plan for these expenses from the beginning, they have to face many problems later.
To take education loan, one has to race, but let us tell you that at present there are some schemes in which you can make your children’s future bright by saving a little bit. One such LIC’s ‘Jeevan Tarun Policy’ is designed keeping in mind the education and other needs of your children. Let us discuss this policy in detail.
Know About, Jeevan Tarun Policy
Jeevan Tarun Policy is a participating non-linked limited premium payment plan and was launched in the year 2020. Children get both savings and insurance cover in this policy. Under this scheme, annual survival benefit is available for 20 to 24 years.
Policy will mature in 25 years
If you invest in this policy from the very beginning, then in future you will not need to spread your hands in front of anyone for the money for your children’s education and marriage. The maturity period of this policy will be completed as soon as the children attain the age of 25 years. For example, if your child is 10 years old, then the policy will mature after 15 years.
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Must Know more what are the schemes
If you join this scheme when your child is 12 years old and start paying premium, then the policy term will be 13 years with minimum sum assured of Rs 5 lakh. If you save Rs 150 a day, your annual premium will be around Rs 55,000. At the same time, your total investment in eight years will be 4,40,665, on which you will get a bonus of Rs 2 lakh 47 thousand. At the same time, the sum assured will be Rs 5 lakh. Apart from this, along with getting a loyalty benefit of Rs 97,500, you will get a total amount of Rs 8,44,500.
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