There is also a scheme in LIC’s plan which is very special for children. This plan has also been specially made for children only.
LIC Policy: LIC provides many plans to the people. There are plans from elders to children. At the same time, some people remain confused whether they can get LIC for children or not. But for information, let us tell you that LIC also provides many schemes for small children.
This plan is special for children
There is also a scheme in LIC’s plan which is very special for children. The name of this plan is Jeevan Tarun Plan. Plan number 934 Jeevan Tarun has been specially made for children only. In this, a policy can be made for young children up to the age of 25 years.
LIC Jeevan Tarun Plan No. Special Features of 934
– This plan can be started for those children whose age is from minimum 90 days to maximum 12 years.
– Sum Assured (Sum Assured) minimum should be Rs 75000. There is no maximum limit.
– This policy lasts only till the age of 25 years of the child. When the child completes 25 years of age, then the maturity amount of this policy will be given to the child. The policy term in this plan is determined according to the age of the child. For example, if the age of the child is three years, then the policy term will automatically become 22 years. On the other hand, if the age of the child is 10 years, then the policy term will automatically become 15 years. On the other hand, if the age of the child is 12 years, then the term will automatically become 13 years.
A special feature of this plan is that if you want, the child will be 25 years old, then only you can get lump sum money. But if you want the child to keep getting some amount every year from the age of 20 to the age of 25 when the child is 20 years old, then this policy also provides that option. While starting this policy, instead of getting lump sum money, you can also opt for money back option. If you choose the option of 5 percent money back, then from 20 to 24 years 5-5 percent money back will be available and at the age of 25, the remaining 75 amount will be available. Apart from this, you can also choose the option of 10 percent money back and 15 percent money back.
Get a return of more than 30 lakhs on 4 thousand
this, the Jeevan Tarun Policy of the child will have to be started within the first year as soon as the child is born. In this case, the policy term of the child will also be 25 years. Also, at the age of 25, one has to choose the option of taking a lump sum return. At the same time, Sum Assured (Sum Assured) will have to be chosen 12 lakhs. Under this, a premium of Rs 4368 will have to be paid every month for the first year. At the same time, from the second year till the time the insurance lasts, the premium of Rs 4274 per month will have to be paid. After which, on the 25th year maturity, about Rs 30,90,000 will be available as return.