Children aged 3 months to 12 years can invest in this scheme
Maturity is available at the age of 25 years.
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Looking for ways to invest in your child's future?
LIC Jeevan Tarun policy is a great option.
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Currently there are various investment options in India
But still many prefer to invest in post office schemes, life insurance etc.
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LIC, India's largest and oldest insurance company, has millions of customers across the country
LIC offers various schemes in every region of the country.
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Many schemes are designed only for children (LIC policy for children).
This scheme is known as LIC Jeevan Tarun Policy.
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This LIC Money Back Policy offers an attractive protection and savings benefit for children
LIC Jeevan Tarun Scheme is designed to meet the growing financial and educational needs of children.
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To invest in LIC Jeevan Tarun Bhima, the child must be at least three months old and at most twelve years old
The scheme is fully invested till the youth reaches 20 years of age.
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After that, there are five years without any investment
The total amount can be claimed when the child reaches 25 years of age.
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A minimum investment of 75,000 rupees from the sum assured of this policy will be required
However, no upper limit has been set for the total amount.
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Under this scheme you can deposit premium on monthly, quarterly, half yearly or yearly basis
If one buys this coverage for a 12-year-old child and deposits Rs 150 per day, the annual premium will be around Rs 54,000. In this case, 4.32 lakhs will accumulate in 8 years. A bonus of Rs 2.47 lakh will be given for this. At the age of 25, around Rs.7 lakh will be available.
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