Investment Scheme – Invest 150 Rs And Earn 8.5 Lakhs – LIC Jeevan Tarun Plan – Best Investment Plan

LIC Jeevan Tarun Plan is a participating, non-linked, limited premium payment policy offered by the Life Insurance Corporation of India (LIC). It is designed to provide financial security and savings for children’s education, marriage, and other milestones in their lives. The plan is available for children between the ages of 90 days to 12 years and can be purchased by parents or grandparents.

Under this plan, the policyholder can choose the sum assured, premium payment term, and the maturity age of the child. The plan offers a survival benefit, which is payable as a percentage of the sum assured on specific policy anniversaries. The plan also provides a terminal bonus, which is payable at maturity or death, whichever occurs earlier. In case of the unfortunate demise of the policyholder during the policy term, the death benefit is paid to the nominee.

One of the unique features of this plan is that it offers a flexible payout option, where the policyholder can choose to receive the survival benefits as either a lump sum or in installments. Additionally, the policy also provides a grace period of 30 days for premium payment, as well as a free look period of 15 days, during which the policyholder can review the policy terms and conditions and cancel the policy if they are not satisfied.

Overall, LIC Jeevan Tarun Plan is a comprehensive savings and insurance plan that can help parents and grandparents secure their children’s future financial needs.

-> LIC Jeevan Tarun Plan is a policy-cum-savings scheme introduced by LIC for children.

-> Being a money-back plan, child policy holders get attractive security and savings benefits.

-> Children aged 90 days to 12 years can join LIC Jeevan Tarun plan. Parents should take a policy for the child.

-> The duration of the scheme is till the age of the child completes 25 years. A child who joins the policy at the age of 4 years can continue with the policy for 21 years.

-> 4 years money back service is available on the policy. After that, the remaining amount will be received in due course

-> After completing 20 years, money back service is available till reaching 24 years.

-> Maturity amount is also available on completion of 25 years.

-> The minimum sum assured in LIC Jeevan Tarun policy is Rs 75,000. There is no upper limit on the sum assured.

-> Premium can be paid monthly, quarterly, half yearly or annually. The premium should be paid less than 5 years from the term.

-> Jeevan Tarun Plan policy holders get two types of bonuses during the term, Vested Simple Revisionary Bonus and Final Additional Bonus.

-> It is possible to buy the maturity amount in one lump sum or different amounts over time in the form of money back.

-> Survival benefit can be taken as 5%, 10% or 15% of the sum assured. Accordingly, the maturity benefit amount will be reduced.

-> If a 12-year-old joins LIC Jeevan Tarun policy, the Jeevan Tarun policy tenure is 13 years. There are 8 years left to pay the premium.

-> If you take a policy with sum assured of Rs 5 lakh, the premium is Rs 55,400 per annum. The monthly premium amount will be Rs.4,571.

-> If the premium amount is calculated per day then Rs.150 per day should be considered.

-> If you pay the premium for eight years, you have to pay a total of Rs 4.4 lakh.

-> If you add Rs 2,47,000 bonus and Rs 97,500 loyalty bonus for an assured sum of Rs 5 lakh, you will get Rs 8,44,500 at the age of 25.

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