You can make your children's future safe by saving less than Rs 100 daily

LIC Jeevan Tarun Plan - Your Child's Future, A Secure Investment.

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LIC is the largest insurance company in the country and brings funds keeping in mind the needs of every section of the country. LIC Jeevan Tarun Plan is a product introduced for children. By investing in this scheme, you can make your children's future secure.

Becoming a parent brings with it many responsibilities. Now planning from play school to higher studies has to be done with the child. With this, you get a better future for your child with better education. In such a situation, you need to invest in such instruments, in which the risk is low. People in India still lay special emphasis on investment option with Guaranteed Return Plan. If you too have recently become a parent, then you should start investing immediately. For this, you can think of investing in LIC's Jeevan Tarun Plan.

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15 lakh rupees (LIC Jeevan Tarun Plan Return) will be made by saving less than 100 rupees every day

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If it has been 90 days since the birth of your child, then your investments should start. According to the LIC calculator, if you invest around Rs 2,800 (less than Rs 100 per day) every month for children below the age of 90 days to one year, then you can get a return of Rs 15.66 lakh. For this, you have to invest Rs 2,800 every month for 20 years. However, this scheme matures in 25 years and in this case you get maturity bonus. In this way, you will be able to create a corpus of Rs 15.66 lakh on an investment of just Rs 7.20 lakh, which will meet the expenses related to higher education of your children.

Know about this policy (About LIC Jeevan Tarun Plan)

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LIC has designed this policy keeping in mind the needs of the children. LIC JEEVAN TARUN is a non-linked, participating, individual, life assurance savings plan. Under this, LIC gives both protection and savings features simultaneously. This plan has been designed keeping in mind the education and other needs of the children.

For what age children can take the policy (LIC Jeevan Tarun Plan Age Limit)

The age of the child should be at least 90 days to avail this policy. There itself. The maximum age limit has been fixed at 12 years. Various types of riders can be taken on this policy of LIC.

This is how you can pay premium

You can pay premium on yearly, half yearly, quarterly or monthly basis. You can pay it through NACH or can get premium deducted directly from your salary. If you default on paying premiums in any term, then those who pay premiums on quarterly to yearly basis will get a grace period of 30 days. On the other hand, if you deposit the payment every month, then you will get a grace period of 15 days.

will get double bonus

When the child turns 25, the full benefit is available under this scheme. This is a flexible plan. You get double bonus on this scheme at the time of maturity. You can take this policy for a minimum sum insured of Rs 75,000. However, there is no maximum limit fixed for this.