Every parent dreams that their child’s future is safe and well. If also have a child then this artcile is for you. Today we are going discussed about about that one LIC scheme which is specially design for childrens. Yes you’ve heard it right. Saving for needs like education, marriage and career is not only necessary but also a responsibility. Life Insurance Corporation of India’s (LIC) ‘Jeevan Tarun Policy’ is one such plan that secures the future of children as well as gives the benefit of insurance.
What is LIC’s Jeevan Tarun Policy?
The LIC Jeevan Tarun Policy is a non-linked, participating insurance savings plan. It aims to provide the best combination of savings and insurance for the future of children. Investing in this policy can ensure financial support for your child’s education, marriage, and other needs.
Key Features of the Policy
The age of the child should be 90 days to 12 years.
Premium payment is to be paid till the child is 20 years old.
The maturity policy matures at the age of 25 years.
Policy Benefits
This policy comes with bonuses and loyalty benefits.
If you save Rs 150 daily and invest in this policy, your money can almost double at the age of 25 years.
How to calculate?
Daily savings of Rs. 150.
Annual investment of Rs. 55,000 (150 x 365 days).
Total investment for 8 years is Rs 55,000 annually i.e. Rs 4,40,665.
At the end of the policy, you will get Rs 8,44,500.
This amount includes
Bonus Rs. 2,47,000.
Loyalty Bonus Rs. 97,000.
You invested only 4.4 lakhs, but you will get 8.4 lakhs when the policy matures. This plan makes the future of children financially secure and also provides them with life cover. It is a non-linked policy, so it is not affected by market risk.
Under this policy, tax exemption is available under Section 80C and 10(10D). The policy helps you systematically save for your child’s future. LIC Jeevan Tarun Policy is for those who are serious about their children’s future and want a long-term savings plan. The LIC Jeevan Tarun policy not only secures your child’s future but also gives you peace of mind. This policy is designed to give a big return from small investments. Through this, you can not only make your child’s dreams come true, but also get relief from their future financial worries.
It is worth mentioning that LIC Jeevan Tarun Policy is a golden opportunity for parents. With a daily savings of just Rs 150, you can ensure lakhs of rupees in your child at the age of 25.
