After the birth of a child, the shoulders of the parents become heavy. Starting from raising the child with proper education, it is also the responsibility of the guardian to ensure his financial future. For this, investment in the right place is required. There are thousands of schemes in today’s market in which one can get a lump sum at the end of the term by investing in them. However, among those schemes or projects, the Jeevan Tarun policy of the government insurance company Life Insurance Corporation stands out. Launched by LIC, this scheme gives you 26 lakh taka at the end of the term. That too by saving only 150 taka every day.
What is Jeevan Tarun policy?
Life Insurance Corporation’s Jeevan Tarun policy is a non-linked and limited premium plan. This scheme is basically a reliable project for the higher education of children, in a word, the future of children and starting a business in the future. Let us say that this policy is not related to the fluctuations of the stock market. That is, the investment here is completely risk-free. Parents can start keeping money in this policy in the name of their child from the age of 90 days.
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How to save 150 Rs every day and get 26 lakhs at the end of the term?
First of all, let us tell you that to invest in this scheme, the minimum age of the child should be 90 days and the maximum age should be 12 years. That is, if a child is more than 12 years old by even a day, he will lose the opportunity to invest in this scheme. The maximum investment period in this scheme is 25 years. Now let’s come to the point. If an investor decides to keep money in this scheme in the name of his child and if he saves 150 Rs every day, then at the end of the month he will have 4,500 Rs. This amount will amount to 54,000 Rs in a year.
If the child starts investing in this scheme by depositing annual or monthly premiums from the age of one year, then after 25 years, the investor will get a total of 26 lakh taka from the premiums deposited gradually. Let us say that the bonus and additional bonus announced by the Life Insurance Corporation will be added to the total deposit of the investor. In total, the investor will get 26 lakh Rs. In total, it can be said that by saving 150 taka every day, you can get 26 lakh Rs from this scheme.
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It is worth noting that the big advantage of this scheme is that it is a money-back policy. Although the general insurance policies of the Life Insurance Corporation give a lump sum at the end of the term, in this policy a fixed amount of money is given annually from the age of 20 to 24 years of age. Which is spent on the education of the investor’s child and other areas. Then, when the child turns 25 years of age, the remaining money is returned along with the bonus. The most interesting thing is that this scheme of LIC has the benefit of tax deduction under section 80C of the Income Tax Act.