Secure your child’s future with LIC’s Jeevan Tarun Policy: Rs 28 lakh benefits with Rs 150 daily premiums

Are you planning to invest in some good policies to secure the future of your kids? Then your search ends here. Secure your child’s future with LIC’s Jeevan Tarun Policy by investing Rs 150 daily. This small investment will help you build substantial funds for your child’s education and any other financial needs. 

Jeevan Tarun Policy

Jeevan Tarun Policy has been designed to cater to the long-term financial needs of children. This policy offers a combination of life insurance coverage and investment savings, ensuring financial security and growth for your child’s future. You can start investing in this policy if your child is aged between 3 months and 12 years. Please note that this plan is not available for children above 12 years of age. 

Benefits

The policy matures when the child reaches 25 years of age. Your child will be entitled to receive the benefits after turning 25. Moreover, premium payments are required only until the child turns 20 years old.

If you purchase this policy for your 12-year-old kid, then the policy’s duration would be 13 years, and the child will receive a sum assured of Rs 5 lakh after maturity. 

Advice from an expert

According to Financial Advisor of LIC, Ashok Ratre, if you invest Rs 150 daily in Jeevan Tarun Policy for a 1-year-old child, the total investment for the year would amount to Rs 54,000. If the policyholder chooses for the annual premium payment option, they will need to continue paying premiums until the child reaches 19 years of age. The estimated premium would amount to Rs 10 lakh. 

Upon the maturity of the policy, the child will receive approximately Rs 28 lakh. This sum will include the sum assured of Rs 12 lakh, the main bonus of Rs 12 lakh, and an additional final bonus of Rs 4 lakh.

Read Exclusive COVID-19 Coronavirus News updates, at MyNation.