Top News

Best LIC Plan for Girls: Girls need parental support and guidance to realize their dreams. There are many LIC schemes available for girls that you can invest in to fulfil the dreams of your girl child towards a bright future. There are several best LIC schemes for girls. LIC Jeevan Tarun Plan is one of these. Check here for complete details of this project.

LIC Jeevan Tarun
LIC Jeevan Tarun policy is formulated keeping in mind the concerns of parents, especially their growing child and its needs. This plan focuses on the educational needs of your daughter and caters to all the additional needs as the daughter grows up.
Eligibility

- Minimum entry age: 3 months
- Maximum entry age: 12 years
- Policy Term: 25 years (from entry)
- Premium Payment Period: 20 years (from entry)

Key Features

Comes with a special premium waiver facility
Designed specifically to address educational costs.
The minimum sum assured is Rs 75,000. Value, there is no limit to the maximum sum insured.
The maturity amount is tax-deductible under Section 10 (10D) and the premium payments are eligible for Income Tax deduction under Section 80C.
The risk coverage starts 2 years from the inception of the policy or when the girl child turns 8 (whichever comes first).
20 and 24-year benefit offers can be chosen as per your requirements
In case of the untimely death of a parent, the child can get up to 125% of the sum assured or 7 times the annual premium or at least 105% of the total premium paid along with any bonuses.