Best LIC PolicyChild Plans

Jeeven TarunPlan 834

KEY FEATURES:

  • Ideal for planning your child’s financial goals.
  • Moderate premiums.
  • Premium Discount is available for higher Sum Assured (SA).
  • Premium Waiver Rider option, will ensure the planned returns will be payable to the child irrespective of your   presence.
  • Life Cover to the extent of 125% of Sum Assured + Bonus + Final Additional Bonus (As applicable).
  • Survival benefit: Option to get Survival Benefit (SB) on each policy anniversary from 20 to 24 years of age. Further option is available for choosing the amount of SB receivable, i.e. it can be 15% or 10% or 5% of the Basic Sum Assured.
  • Maturity benefit: Sum Assured (Balance SA, if SB is chosen) + Bonus + Final Additional Bonus (as applicable) will be paid on completion of 25 years of age.
  • Loan is Available any time after 3 policy years and after 2 years incase Premium paying term is less than 10 years.
  • Policy can be back dated within the same financial year to match an important event of your child.
    Premium Paid is TAX EXEMPTED u/s 80 C.
  • All returns from the policy are TAX FREE u/s 10 (10) (D).
  • jeeven tarun