To buy LIC Jeevan Tarun policy, your child’s age should be between 3 months and 12 years. Parents with children of this age can buy this policy and invest gradually. It should be invested till your child reaches 20 years of age. After that there is a lock-in period of 5 years. That means there is no need to pay any premium for up to 5 years. In total, after your child reaches 25 years of age, you can claim the amount you have deposited and the bonus on it. You can definitely say that this money will be very useful for your children’s education and wedding expenses. Getting a large amount of money at once will give you a lot of assurance.
LIC Jawan Tarun policy has a minimum of Rs. 75 thousand basic sum assured. There will be no upper limit. You can invest any amount after that. Also remember that the returns you get will depend on the premium you pay. Monthly, three months, six months and annual premium options are available. Jeevan Tarun Policy is a non-linked, participating plan. 150 per day if a person takes this policy in the name of his 12-year-old child and invests Rs. 54,750 will be. So the premium has to be paid for 8 years till the child reaches 20 years of age. Your total deposit is Rs. 4.38 lakhs will be. On this you will get Rs. 2.47 lakhs as bonus. When baby reaches 25 years of age you will get Rs. 7 lakhs will be received. On the other hand.. if you invest at the rate of Rs.171 per day when your baby is 2 years old then in 18 years your investment will be Rs. 10, 89, 196 will be. After maturity you will get Rs. 28, 24, 800 will come to hand.
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