LIC’s Jeevan Tarun policy can be started with just Rs 150 and the benefits of the policy are available once the child turns 25 years old. With this scheme you can financially secure your child’s future.
LIC Jeevan Tarun Policy: LIC keeps bringing many schemes and policies for its lakhs of customers from time to time. In this process, LIC has made Jeevan Tarun Policy keeping children in mind. Jeevan Tarun Policy has been started with the aim of making the future of children financially secure. Let us know what is special in this investment scheme of LIC and about its benefits.
What is Jeevan Tarun Policy
Jeevan Tarun Policy is a non-linked, participating, individual, life assurance saving plan. This scheme of LIC is for children from 0 to 12. In this, parents can invest in the scheme for all the expenses related to children’s education till marriage.
To take this policy, the child’s age should be at least 90 days and maximum 12 years. For this policy, the premium will have to be paid till the child turns 20 years of age. You will get the benefit of the policy after the child turns 25 years old.
Jeevan Tarun policy can be taken for a minimum sum assured of up to Rs 75,000. Its maximum limit has not been fixed. This policy can be taken in the name of the child only. And the amount received from this is given to the child only.
You will get lakhs of rupees in 25 years
You will have to pay the premium until your child turns 20. In this, you can pay the premium for three months, six months and annually as per your convenience. If you invest Rs 150 every day in Jeevan Tarun policy then the annual premium will be Rs 54000.
This means that your investment in 8 years will be Rs 4,32000. Along with this, you will also get a bonus of Rs 2,47,000 on investment. The sum assured of this policy will be Rs 5 lakh. After which you will get Rs 97,000 as loyalty bonus. In this way you will get Rs 8,44,550 under this policy.