LIC Jeevan Tarun Policy: If you are planning to invest in LIC’s schemes, then you can invest in LIC’s Jeevan Tarun scheme and prepare a substantial fund. For this you have to invest only Rs 150 daily. And on maturity, you will get a return of more than Rs 28 lakh.
LIC has been able to maintain its position in the market due to its innovative products that cater to the needs of people of all ages and all sections of the society.
LIC has also issued a plan for parents of small children. In this you can pay Rs 150 per day and secure the life of your children. If you invest Rs 150 per day, you can save Rs 54000 per year. If you pay this amount as premium for LIC Jeevan Tarun, you can get a lump sum amount for a nominal amount.
This should be the age of the child
Explain that to take advantage of this scheme, the minimum age of the child should be 3 months and maximum 12 years. Premiums should be paid till the age of 20 years of the child. There is a lock-in period of 5 years. When your child turns 25, he/she will get the money which can be used to pay for their college fees or more marriages.
The minimum sum assured will be Rs 75000. There is no upper limit for the sum assured. If the age of the child is 12 years then the policy term will be 13 years. The minimum sum insured in this case will be Rs 5 lakh.
Will get this much money after 23 years
If your child is 12 years old and you pay a premium of Rs 54,000, you would have invested Rs 4,32,000. After eight years and lock in period you will get Rs 8,44,500. Its total cost is Rs.2,47,000 and the loyalty bonus is Rs.97,000. If your child is 2 years old and you invest Rs 171 daily for the next 18 years, you would have invested Rs 1089196. After 23 years you will get 2824800 rupees.
