This great scheme of LIC will give a better future to the children, know the details of the policy

LIC Jeevan Tarun Policy: The first wish of every parent is to give good education and better upbringing to their children. For this, every day parents think about investing something or the other by cutting their expenses keeping in mind the small needs of the children. With the birth of the child, a small investment can be made every day for it. LIC has made Jeevan Tarun Policy keeping these things in mind. Know what is special for children in this policy.

Start investing at the age of 3 months

To invest in Jeevan Tarun policy, the age of your child should be between minimum 3 months and maximum 12 years. In this, you can pay the premium in the policy when the child is 20 years old. When the child reaches the age of 25 years, he will get all the benefits of the policy.

150 rupees investment every day

Children’s expenses related to school-college can be met through this scheme in future. However, it takes you many years to add a hefty amount for this. If you invest only Rs 150 everyday in Jeevan Tarun policy, then Rs 54000 will be invested in a year. By depositing this money on an annual basis, a huge amount can be added together.

Will get cover for 25 years

Even if your child’s age is 12 years, you can take advantage of it. In this scheme, you will get cover for 25 years on paying premium for 20 years. In this scheme, you can deposit the sum assured from a minimum of Rs 75,000 to a maximum of any amount. For children above 12 years, the policy term will be 13 years. In this, the sum assured is available up to a minimum of Rs 5 lakh.

Understand the complete math of investment like this

If you invest Rs 150 per day and take a sum assured of Rs 5 lakh, your annual premium will be Rs 54,000. In such a situation, after 23 years, a total return of Rs 7.47 lakh will be received on the scheme bought at the age of 12 years. In this, you get a total amount above 7 lakhs on an investment of 4,40,665 in 8 years. You can pay this premium on a monthly, quarterly, half-yearly or yearly basis.

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