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Jeevan Tarun: If you withdraw Rs. 171 per day.. Rs. 28 lakhs at once.. Best plan from LIC!

Samayam | November 22, 2024 10:40 AM CST

LIC Premium Calculator Jeevan Tarun: There are many investment avenues for those who want good returns on low investment. LIC is also offering excellent medals that provide insurance protection as well as saving opportunities. Through LIC Jeevan Tarun plan, you can get Rs.28 lakhs at once by saving Rs.171 per day. Let's find out how.

Jeevan Tarun: What the common and middle class people want most is good returns with less investment. There are many investment schemes available for that. Conventional savings schemes offered by the central government are a good example of this. However, there is another option to fulfill your savings goal along with insurance protection. Indian life insurance company LIC offers many such insurance plus savings schemes. LIC Jeevan Tarun plan is one of them. In this, you can get a maturity amount of lakhs of rupees while saving a small amount. Now let's find out how.

LIC Jeevan Tarun Plan is an excellent insurance policy specially designed for children. This is a money back policy. Financial support for future needs, children's higher education, marriage etc. This is a non-linked policy. With this, there is no leak to the stock market fluctuations. Those who take this policy will also get a bonus in the profits of LIC. It is a limited premium payments policy. Premium should be paid 5 years less than maturity tenure. This plan can be purchased in the name of children aged 3 months to 12 years. Minimum sum assured is Rs.75 thousand. Maximum amount can be invested. The maturity period is 25 years. That means you can pay the premium for up to 20 years. The insurance coverage lasts up to 25 years.

Assuming your child is less than a year old at the time of purchasing this policy then your policy term will be 24 years. Then you have to pay premium for 19 years. Suppose you have taken a policy with sum assured of Rs.10 lakh. Then you will get a premium of up to Rs.3,832 per month. That means you have to pay Rs.130 per day. If you want to get Rs.28 lakh at once, you should take a policy to pay a premium of Rs.171 per day. Suppose you buy a policy when your baby is 2 years old. Then the policy is valid till the age of 23 years. Premium must be paid for 18 years. If you take it for Rs.10 lakh, you have to pay Rs.171 per day. Your total investment will be Rs.10.89 lakhs. After your son turns 25, Rs. 28.24 lakhs will be received.