In LIC’s Jeevan Tarun plan, you can pay premium every month, three months, six months or annually. In which you can also take some discount.
Parents start worrying about their child’s future from the time they are born. Especially with regard to financial security. Every parent wants their child to be completely financially secure before their retirement. In such a situation, which investment scheme can be which can secure financial security as soon as your child grows up. Today we have come before you with this.
LIC Jeevan Tarun Policy can make your child a millionaire at the age of 25. You can start this policy after the birth of the child. The limit of which is 12 years. With continuous premium payment, your child can become a millionaire till the age of 25 years. After which he can be able to fulfill all his needs. This is a non linked plan. In such a situation, the volatility of the stock market does not have any effect on this policy. Let us also tell you about this policy.
What is LIC Policy Jeevan Tarun
- Jeevan Tarun plan is for children in the age group of 0 to 12 years
- Survival benefits are available in this plan from 5 to 20 and up to 24 years.
- Maturity benefit will be given on attaining the age of 25 years.
- There are 4 options offered in Jeevan Tarun plan.
- You have to pay the policy till the child turns 20.
- The balance amount along with bonus will be paid at the age of 25 years along with maturity benefit.
- You can take this plan only till the age of 12 years of the child.
These are the four options
- In the first option, you will get 100% amount at the time of maturity.
- There will be no survival benefit of any kind.
- In the second, at the age of 20, for the next five years, you can take 5-5 percent of the sum insured i.e. 25 percent of the total.
- After that, when the scheme matures, the remaining 75 percent amount will be available.
- In the third option, 50 percent of the money will be paid after 10-10 percent tax in the same five years, while the remaining 50 percent will be available on maturity.
- In the fourth and last option, 15-15 per cent of this amount is given and the remaining 25 per cent is paid on maturity.
What is LIC Policy Jeevan Tarun
- LIC’s Jeevan Tarun plan is for children in the age group of 0 to 12 years
- Survival benefits are available in this plan from 5 to 20 and up to 24 years.
- Maturity benefit will be given on attaining the age of 25 years.
- There are 4 options offered in Jeevan Tarun plan.
- You have to pay the policy till the child turns 20.
- The balance amount along with bonus will be paid at the age of 25 years along with maturity benefit.
- You can take this plan only till the age of 12 years of the child.
These are the four options
- In the first option, you will get 100% amount at the time of maturity.
- There will be no survival benefit of any kind.
- In the second, at the age of 20, for the next five years, you can take 5-5 percent of the sum insured i.e. 25 percent of the total.
- After that, when the scheme matures, the remaining 75 percent amount will be available.
- In the third option, 50 percent of the money will be paid after 10-10 percent tax in the same five years, while the remaining 50 percent will be available on maturity.
- In the fourth and last option, 15-15 per cent of this amount is given and the remaining 25 per cent is paid on maturity.
Monthly premium payment
- In Jeevan Tarun plan, the policyholder’s parents can pay the premium every month.
- At the same time, the option of paying premium every 6 months and every three months is also available.
- Under the plan, 2 percent premium can be availed in the annual mode and 1 percent in the half yearly mode.
- By adding Rs 150 a day or Rs 4500 a month to this plan, you can create a corpus of Rs 7.5 lakh.
- The minimum sum assured of this scheme is Rs 75000.
How will your child become a millionaire
Try to understand it in easy language. If your child is one year old and gets his policy, then pays a premium of Rs 130 per month i.e. Rs 3900 per month, then after completion of 25 years of the policy i.e. after maturity, 100% SA, Bonus, and FAB In all, a total return of Rs 25,02000 will be given.
