Every parent began planning long ago to ensure their children’s futures, according to the LIC Jeevan Tarun Plan. In such a scenario, they begin raising money well in advance. You must, however, make wise investments if you want to amass a respectable sum of money. You can quickly raise a respectable sum of money by doing this. On the other hand, a lot of people in the nation are seeking safe investment opportunities.
In this case, if you intend to save money for your children’s higher education, we will discuss a unique LIC program with you today. This LIC program is known as the Jeevan Tarun Plan. A large number of people throughout the nation are investing in this LIC scheme. In this regard, please provide more information regarding this plan.
When your child is 25, the LIC Jeevan Tarun plan’s maturity benefit becomes available. Assuming your child is 7, he will be 25 years old in this scenario. You will then start to reap the benefits of the plan. The scheme’s maturity term, in this instance, will be 18 years.
The youngster must be 90 days old to participate in this program. However, if we are talking about the maximum age, it is 12 years. if your child turns 12 when you begin making premium payments under this program.
Your insurance term in this situation will be 13 years, with an Rs. 5 lakh minimum sum assured. If you save Rs 150 per day. In this situation, you will have to pay a premium of 55000 rupees in the annual Jeevan Tarun plan.
In this situation, your eight-year total premium will be Rs. 4,40,665. Additionally, you will receive a bonus on this in the amount of Rs 2,47,000. The cash assured, however, will be 5 lakhs. Additionally, you will receive a loyalty benefit worth Rs 97,500 at the same time. You can earn Rs 8,44,500 by investing in this plan in this scenario.
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