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LIC launched One more child plan.  The name of the plan is Jeevan Tarun and No is 834. In this plan, you have the option to choose money back from kids age of 20. Here's are the salient features of the plan -  AGE: 0 - 12 Min SA: ₹75000 TERM: (25 - Age at Entry) PPT: (20 - Age at Entry) PWB Available. MATURITY : AGE 25. LAST 5 YEARS OPTIONAL MONEY BACK. Option:  SB (Last 5 yrs): Maturity: 1:          No SB.             100% SA 2:          5% SB.             75% SA 3:          10% SB.           50% SA 4:          15% SB.           25% SA.  All other features such as loan and surrender are available by default. Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns. Ne...

LIC launches a new plan Jeevan Lakshya 833, which has similar features of earlier Jeevan Ankur plan. Jeevan Lakshya is a child benefit endowment plan. This plan is specially designed to meet the Child's future requirements even if the parent is alive or not, as in Jeevan Ankur. Features of LIC's new Jeevan Lakshya: Premium Payment Term = Premium Term - 3 Years. Sum assured with Bonus will be paid on policy maturity .  On the death (natural)  of life insured within the policy term :  Future premiums are waived. So no premium needs to be paid after that.  10% of Sum assured will be paid to the child every year , starting from the next year of parent's expiry.  110 % Sum assured with Bonus will be paid at the end of the policy term. On the  death (accidental)  of life insured  within  the policy term :  Sum assured will be paid immediately . Future premiums are waived. So no premium needs to be paid afte...

Today LIC has launched the most awaited plan for the children, a new Child Plan - 832, after a gap of 14 months. Following are the salient features of the plan: Non-linked, With profits, Regular Premium Payment Money Back Plan No.832 launching wef 4th March 2015. ELIGIBILITY CONDITIONS-             Minimum Entry Age= 0 yrs LBD (Last Birth Day);             Maximum Entry Age= 12 yrs LBD;             Policy term= 25 yrs minus entry age;             Maturity Age= 25 yrs;             Minimum Basic Sum Assured= Rs.1 Lac;             Maximum Basic Sum Assured= No Limit. DATE OF COMMENCEMENT OF RISK-             a) for age of LA below 8 yrs= 2 yrs after DOC;             b) for those aged 8 yrs & above= immediately. SURVIVAL B...