LIC Jeevan Tarun Plan: Deposit 150 rupees daily and get 26 lakh rupees, this is how you have to invest..

Every parent wants their children to study well and their future to be secure. But sometimes financial problems stop the dreams of children. In such a situation, Life Insurance Corporation of India (LIC)'s "Jeevan Tarun Policy" is a great way to secure a better future for children.

This policy has been specially designed keeping in mind the essential needs of children's education and youth. In this scheme, you can create a fund of Rs 26 lakh by investing just Rs 150 per day. Let's know how…

What is LIC Jeevan Tarun Policy?

LIC Jeevan Tarun is an insurance plan that provides financial support for children's education and plans. It is a limited premium payment plan, which provides the benefit of both savings and security. Under this scheme, the policyholder invests for a fixed period till their child turns 25 years old and receives a large amount in return.

How will you get Rs 26 lakh by investing Rs 150 per day?

If you deposit only Rs 150 daily in this policy, then a total investment of Rs 4,500 is made in a month. This amount is Rs 54,000 in a year. Now, suppose you started this policy when the child was 1 year old and continued it for 25 years. So at the end of the policy, you can get a maturity amount of up to Rs 26 lakh. This includes sum assured, annual bonus, and final additional bonus.

What is the age limit to join the policy?

To avail this plan, the child's age should be between 90 days and 12 years. If the child is above 12 years, then this scheme cannot be taken for him. The total period of the policy is decided according to the age of the child. That is, the current age of the child is deducted from 25.

When do you get money?

One of the special features of this policy is that if you want, you can withdraw money in between. When the child turns 20, every year, some amount is received as money back till the age of 24. After this, in the 25th year, you get the maturity amount together, which includes the remaining sum assured and all the bonuses.

Tax exemption and loan benefits too

By investing in this policy, you can get tax exemption under Section 80C of the Income Tax. At the same time, when the policy matures or the death benefit is received in an accident, that amount is completely tax-free, because it comes under section 10(10D).

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