Is LIC Jeevan Tarun a good policy?
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Is LIC Jeevan Tarun a good policy?
LIC Jeevan Tarun is an endowment plan by LIC of India which is aimed to secure children’s future for higher education and other needs. The plan offers flexibility with regards to payment disbursement options with different percentage of payouts. Overall, it is a good and well-designed child benefit endowment plan.
What is the benefit of Jeevan Tarun policy?
LIC Jeevan Tarun – Key Features
| Options | Survival Benefit | Maturity Benefit |
|---|---|---|
| Option 4 | 15\% of Sum Assured paid every year for the last 5 policy years | The remaining 25\% of the Sum Assured is paid + vested Bonuses |
Is LIC good for child education?
LIC Jeevan Tarun. LIC Jeevan Tarun is a non-linked participating limited premium payment plan, which offers the combined benefit of savings and life protection features for children. The plan is specifically designed to cater to the educational and other financial needs of the growing children.
Is it beneficial to invest in LIC Jeevan?
Do I get income tax benefits if I buy LIC Jeevan Labh plan? Yes, the premiums paid towards LIC’s Jeevan Labh policy are exempted from income tax under Section 80C of the Income Tax Act, 1961. Besides, the maturity amount receivable is also tax free under Section 10(10D) of the Income Tax Act, 1961.
What is Jeevan Tarun?
LIC’s JEEVAN TARUN is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children.
Which is the best LIC policy for girl child?
LIC Jeevan Tarun
The parent can pick the one that best suits their needs and requirements and the one they believe would be best for their child. A few LIC policies for the girl child in India are mentioned as follows: LIC Jeevan Tarun. LIC Jeevan Labh….Eligibility:
| PARAMETER | MINIMUM | MAXIMUM |
|---|---|---|
| Premium Paying Term | 10 years | 16 years |
What is the maturity amount of LIC Jeevan Tarun 834?
LIC Premium Calculator Jeevan Tarun (Table-834)
| Money Backs & Maturity Details | ||
|---|---|---|
| Child Age | Details | Amount |
| 20th Year | 1st Money Back | 120000 |
| 21th Year | 2nd Money Back | 120000 |
| 22nd Year | 3rd Money Back | 120000 |
Which plan is best for child?
Best Child Investment Plans
| Plan Name | Entry Age |
|---|---|
| HDFC SL Youngstar Super Premium Child Plan | Life option- 18/65 years Life & Health Option-18/55 years |
| ICICI Pru Smart Kid’s Regular Premium | 20/54 years |
| Kotak Head start Child Assure Plan | 18/60 years |
| LIC – New Children’s Money Back Plan | 0/12 years |
Which LIC plan is best for girl child?
The parent can pick the one that best suits their needs and requirements and the one they believe would be best for their child. A few LIC policies for the girl child in India are mentioned as follows: LIC Jeevan Tarun. LIC Jeevan Labh….Eligibility:
| PARAMETER | MINIMUM | MAXIMUM |
|---|---|---|
| Premium Paying Term | 10 years | 16 years |
Which plan is best in LIC?
When it comes to purchasing a life insurance plan, ‘LIC policies’ are the most popular choice for customers….Best LIC Plans List for 2022.
| LIC Policies | LIC Jeevan Amar |
|---|---|
| Plan Type | Term Assurance Plan |
| Entry Age | 18 years- 65 years |
| Maximum Maturity Age | 80 years |
| Policy Term | 10 years-40 years |
Which is the best child education plan?
Best Child Plans in India
| Plans | Entry Age | Minimum Annual Premium |
|---|---|---|
| Future Generali Assured Education Plan | 21-50 years | Rs 20,000/- |
| HDFC SL YoungStar Super Premium | 18-65 years | Rs 15,000/- |
| ICICI Pru SmartKid Solution | 20-54 years | Rs 48,000/- |
| IndiaFirst Happy India Plan | 18-50 years | Rs 12,000/- |