LIC Policy: To invest money in this scheme, you can choose the premium on annual, every three months, 6 months or yearly basis. You get a grace period of 15 days if you pay on a monthly basis.
LIC Jeevan Tarun Policy Benefits: Even before the birth of the children, their expenses start. After the birth of the child, a huge responsibility falls on the head of the parents. In such a situation, it is very important to do financial planning right after the birth of the child. Due to this, the parents do not have any kind of worry at the time of the child’s education and marriage. If you too have a great investment option for the child (Child Investment Plan) Jeevan Tarun Policy.
Even today there is a large section in the country who prefers to invest in Life Insurance Corporation of India insurance policy as it is away from market risks. So let us tell you about the benefits and eligibility of investing in LIC’s Jeevan Tarun policy-
Plan made keeping children in mind
It is worth noting that LIC’s Jeevan Tarun policy has been designed keeping in mind the future needs of children and their parents. It is a Non-Linked (Non-Liquid Policy), Participating, Individual, Life Insurance Saving Plan. In this, children get the benefit of both savings and insurance cover. It is designed in such a way that you can cover the expenses of your children’s education and marriage.
Right age to take policy
Let us tell you that to invest in LIC’s Jeevan Tarun policy, the age of the child should be between 90 days i.e. 3 months to 12 years. If you have a child of this age group in your house, then you can make investment planning for him.
investment and returns
If you buy this policy only after 90 days of the child, then by investing around Rs 100 and up to Rs 2800 every day till the child reaches the age of 20, you can accumulate a fund of about 20 lakhs. This policy will mature after the child turns 25. Let us inform that this policy has a sum assured of Rs 75,000.
Mode of payment in premium-
Explain that to invest money in this scheme, you can choose the premium on an annual, every three months, 6 months or yearly basis. Keep in mind that you get a grace period of 15 days for making premium payments on a monthly basis.
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