For the better future of children, parents start adding money from birth.
By investing in the LIC insurance policy, the risk of sinking money is lower.
LIC’s Jeevan Tarun Policy and New Kid Cash Back Scheme are considered better for investment.
New Delhi. LIC is considered the most reliable insurance company in the country. It offers a variety of insurance policies for people of all ages and classes. By investing in the LIC insurance policy, the risk of sinking money is also less and the returns are also good. At the same time, you don’t have to pay a lot of premium on this.
If you want to buy an insurance policy for your children, then we will tell you which is the best LIC plan. By investing in these policies, parents can make their children’s futures bright. Let us know about these insurance policies.
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LIC Policy Jeevan Tarun
The LIC Jeevan Tarun policy is an untied limited premium payment plan. It offers safety and savings for children. This LIC scheme is specially designed keeping in mind the education and other needs of growing children. The minimum age limit to invest in this is 90 days and the maximum age is 13 years. On this policy, you will have to pay the premium up to the age of 20. At the same time, the term of the policy ends at the age of 25 years. In this scheme, you can buy an insurance plan of a minimum of Rs 75 lakhs. There is no limit on the maximum insured amount.
Money back for new children of LIC
This LIC policy is also an untied, participating, individual life insurance money-back plan. This plan has been specially designed with the education, marriage, and other needs of growing children in mind. You can invest in this scheme for your children during the age of 0 to 12 years. Under this, the amount is returned for the first time after the child reaches 18 years of age. Then even after completing 20 and 22 years, you will get the benefit of it. In these three, an amount of 20-20 percent is given. At the same time, the remaining 40 percent is awarded after the end of the policy term, that is, after 25 years.
Under this LIC scheme, if you invest Rs 150 per day from 90 days of age of your child, then after the completion of the insurance period i.e. at the age of 25 of the child, the full amount of the deposit it will be Rs 14 lakhs. After completing the insurance period, you will get Rs 19 lakh in return along with interest. This way, through small savings every day, you can build a big fund for your child’s better future.
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Tags: Business News, business news in hindi, Insurance policy, Invest money, Investment, DIGITAL LICENSE, Life insurance, Life Insurance Corporation of India (LIC)
FIRST POSTED: March 18, 2023, 3:20pm IST