Life Insurance Corporation of India
Every parent wants their child’s education and marriage to be completed without any hassle. Keeping this need in mind, Life Insurance Corporation of India has started many special schemes. The biggest feature of these plans is that even if something untoward happens to the policyholder, the future of the child remains safe. Here we are telling you in simple language about three popular schemes of LIC.
life goal plan
Jeevan Lakshya is a plan that provides the benefits of both protection and savings. If the policyholder dies suddenly, the family continues to receive a portion of the fixed amount every year. At the same time, on completion of the policy, a lump sum amount and bonus is also available. This plan is especially good for those parents who want to secure big expenses like children’s education and marriage in advance.
Jeevan Tarun Plan
This scheme has been made keeping in mind the future of the children. In this, when the child turns 20, money starts being received and payment continues in different ways for 25 years. Its objective is to create a strong fund for the child’s higher education and the beginning of his career.
New Children’s Money Back Plan
In this scheme, money is received from time to time. Some amount is given when the child turns 18, 20 and 22 years of age and at 25 years, a bonus is given along with the remaining amount. The most important thing is that if the policyholder dies, the further premium is waived off, but the child continues to get all the benefits.
Why choose these plans?
These three schemes are not only a better option for savings, but also provide security for the future of children. If you want a secure and planned financial backup for your child, then these plans can be useful to you.
