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Under the policy, parents have to pay premiums until the child reaches the age of 20.

Life Insurance Corporation of India (LIC) is known as the largest insurance company in the country and its policies are applicable to people of different age groups. LIC 'Jeevan Tarun' policy is specially designed for the future of children. This policy is a safe investment plan for parents that helps in meeting the education expenses and other future needs of the children. Under the policy, the parents have to pay the premium till the child turns 20 years. As per the policy features, the parents can pay a premium of Rs 93,351 annually by investing Rs 259 daily.

LIC Jeevan Tarun Policy Premium

With the LIC Jeevan Tarun policy, parents can prepare for their child's education and other important expenses. With this policy, children below the age of 12 can be initially covered, but the policy is not applicable to children above the age of 12. The policy term can generally be up to 13 years and it offers various premium payment options such as annual, half-yearly, quarterly or monthly installments.

You will receive 11 lakh taka.

If a person invests Rs 259 daily, then he will have to pay a premium of Rs 93,351 annually. And after eight years, his total investment will be Rs 7,32,738. To this, a bonus of Rs 3,70,500 will be added, which gives a return of more than Rs 11 lakh. This policy ensures a strong financial security for the future and proves to be a reliable plan for parents. This plan of LIC offers a safe investment and has gained immense popularity due to its cost-effective features.