The central government runs numerous schemes for the citizens of the country, and these schemes benefit the public. LIC also works on several schemes to secure the future of children. These schemes ensure children's futures even in the absence of their parents. So, let's talk about these schemes.
Jeevan Lakshya Plan
is a protection and savings plan. In the event of the policyholder's untimely death, the family will receive a portion of the sum assured every year. They will also receive the maturity amount and bonuses upon completion of the policy term. This plan is beneficial for parents who want to secure major expenses such as their children's education and marriage.
Jeevan Tarun Yojana
is a savings scheme specifically designed for children. Payments will begin when your child turns 20 and will provide financial support in various ways for 25 years. The plan aims to build a strong fund for higher education and early career development.
PC- Deccanherald.com
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