There are many investment options available in India these days. But still a large number of people in the country prefer to invest in Post Office Schemes, Life Insurance Corporation etc.
There are many investment options available in India these days. But still a large number of people in the country prefer to invest in post office schemes, life insurance corporation etc. LIC is very popular with crores of policy holders across the country.
LIC brings many different schemes to every segment of the country. Some schemes are specially designed for children. We are going to tell you about such a policy. By purchasing this, your child’s academic stress will be relieved. The name of this scheme is LIC Jeevan Tarun Policy. Find out how much return you can get by investing in this scheme.
How old should the child be?
To invest in LIC Jeevan Tarun policy, the minimum age of the child should be 3 months and maximum 12 years. Under this scheme the amount is invested till the child reaches the age of 20 years. After this there will be no investment for a period of 5 years. The entire amount can be claimed after the child completes 25 years. This will end the tension of children’s education and wedding expenses.
What is the minimum sum assured you will get:
By investing in this policy you will definitely get the benefit of at least Rs.75,000 sum assured. At the same time no limit has been fixed for the maximum amount. Under this scheme, you can deposit premium on monthly, quarterly, half-yearly, yearly basis. It should be noted that the Jeevan Tarun policy is a limited payout scheme.
How much amount on maturity..
If a person buys this policy for a child at the age of 12 and pays a small amount of Rs.150 every day, then the annual premium will be around Rs.54,000. In this case a total of Rs.4.32 lakhs will be deposited in 8 years. On this they will receive Rs.2.47 lakh as bonus. In such a situation at the age of 25 he will receive around Rs 7 lakhs.
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