Post Office Scheme: Inflation is increasing day by day. In such a situation, it becomes difficult to save irrespective of the income. Expenses are also increasing according to income. If you are a parent then you have to think about your child’s future from now itself.
Post Office Scheme: Inflation is increasing day by day. In such a situation, it becomes difficult to save irrespective of the income. Expenses are also increasing according to income. If you are a parent then you have to think about your child’s future from now itself. If you do not start saving for your children from now, then it will be very difficult to arrange education and other expenses in the coming days. In such a situation, Child Life Insurance Scheme is a good scheme to improve the future of children.
Bal Jeevan Bima Yojana is a post office scheme. In this scheme, you can improve your child’s future by investing just Rs.6 per day. By investing in this scheme, you can collect money in advance for your child’s education expenses. Let us tell you about this insurance scheme.
Post office has come up with Bal Jeevan Bima Yojana for children. Only the parents of the child can buy this scheme. There are also some conditions to avail this scheme. For example, the age of the parent willing to take the scheme should not be more than 45 years. Parents above 45 years cannot invest in this scheme.
Children of 5 to 20 years can invest in this scheme. Under this scheme, parents can buy a policy for only two of their children. This means that parents can invest in this scheme for only two of their children, but not for the third child.
In this scheme, you can deposit a premium ranging from Rs.6 to Rs.18 per day for your child. For 5 years, a premium of Rs 6 has to be deposited daily in this policy. In this scheme, a premium of Rs 18 has to be paid for 20 years. On maturity of the policy, you will get a lump sum amount of Rs 1 lakh.
