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LIC’s Jeevan Tarun and New Children’s Money Back Plan are Child Plans are one of the famous Insurance Plans by LIC. Both the plans have many similar features and benefits. Jeevan Tarun and Money Back, both are Participating, Non-linked plans which claims to offer attractive combination of protection and saving features for children.
These plans have been supposedly designed to meet educational and other needs of growing children.
They offer to provide Survival Benefit payments from ages 20 to 24 years for Jeevan Tarun and at age 18,20 and 22 for Children Money Back Plan and Maturity Benefits at the age of 25 years.
Both plans have same Policy term of 25 years.
What are the real returns of these plans, what are the maturity and death benefits, tax benefits and how much money will you get back is what has been covered in this video.
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