Hello, friends! In today’s video, we will learn about the excellent LIC plan.The Jeevan Tarun scheme from LIC has been launched, but we should always be aware of its specifics.This plan is a non-linked limited premium payment plan whose primary objective is to provide an appealing combination of LIC-designed savings and child protection features for your benefit.
Because they are not specifically designed to meet the growing needs of children, educational, medical, and other needs through payments of survival benefit and maturity benefit at the age of 25, this plan is only intended for people between the ages of 20 and 24.This is a plan that is adaptable and appealing to you. We will pay you in stages, and the proposer can select one of the following four ratios of survival benefits to be used during the policy term.
When the plan reaches maturity, the survivor will receive an amount that is completely exempt from tax.5 percent will be guaranteed every 5 years under this plan.The 75% of the assured amount will apply after the maturity period has expired.Also, every five years, 10% of your investment will be guaranteed.The 5% of the amount insured will be applied after that maturity period has expired.Additionally, 25% of the sum assured will be applicable after the maturity period has expired, with 50% of the sum assured increasing every five years.The best benefits for this policy will be available every year for the first 20 years, and the minimum percentage of the assured amount for the subsequent four policies will be determined by their adaptability.
Additionally, the choice of maturity period determines the maturity benefit.Additionally, the current percentage includes sum assured and wasted simple revisional bonos.This policy’s selected option will become part of the contract, and no further changes to this option as scheme will be allowed.Through the loan facility, this plan also provides you with the necessary care and liquidity.Any parent or grandparent who has a child ranging in age from 0 to 12 years old can purchase the plan you chose for their future family members.The beneficiaries of this policy will not be subject to taxation in the event of a beneficiary’s death.And if there is any money to be paid, the life insurance company will cover it, so the policyholder won’t have to worry about it.If someone dies during the scheme’s term, the scheme will pay all outstanding premiums as a death benefit, the sum assured on death, normal reversionary bonuses, and any additional bonuses.125% of the amount that was promised is given, or ten times the amount that would be due upon death.
This death benefit should not be less than 105% of the amount paid on the date of death, as stated in the policy’s scheme.As referenced most importantly expenses are comprehensive of duties, additional Premium and rider premium, if any, is being given.If you require any additional information, please contact the closest LIC (life insurance company) to inquire about the scheme’s specifics. If you are interested, you can then invest the stated sum in the scheme.Thank you for your support of my website, whose content and videos will be extremely beneficial to our investment. Please visit my website frequently to learn more about investments and policies.
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