834 Jeevan Tarun_English

LIC's Jeevan Tarun plan is specially designed to Secure the Future of your Child.


834 Jeevan Tarun_Hindi

LIC's Jeevan Tarun plan is specially designed to Secure the Future of your Child.


It is a regular plan with limited payment option. Flexible Survival benefit is available to meet education needs from age 20 to age 24 years of child age. It gives guaranteed tax free maturity at age 25 years of child. Policy can be availed with a maturity age as 25 years and can be taken by children between the ages of 0 years to 12 years. This plan also offers cover on the life of child during policy term.

Money Back with Periodic Survival Benefits

Money back from the age of 20 Years to 24 years at predefined percentage is available to take care of the education needs of child and lump sum maturity at the age of 25 years of child to take care of marriage expenses of child.

Reinvestment option

Periodic Survival Benefits in the form of Money Back can be reinvested in other policies and utilized along with maturity amount.

Profit Sharing as per Valuation

Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.

Premium Waiver Benefit

By paying small extra premium amount, you can secure your life in case of sudden demise which waives future premium and continue policy with assured returns to fulfil your child’s dream even without you.

Advantages

Avail Tax benefit on premium paid

Tax Free Maturity Amount

Tension Free Claim Settlement


For Basic Plan


 MinimumMaximum
Entry Age90 days completed12 Years (last birthday)
Term13 Years25 Years
PPT8 Years20 Years
Maturity age25 Years
Sum Assured₹ 75,000/-No Limit
Mode of Premium PaymentYearly, Half Yearly, Quarterly, Monthly ECS and through salary deductions (SSS)
The Sum Assured shall be in multiples of ₹ 5,000/- from Sum Assured ₹ 75,000/- to ₹ 1,00,000/- and ₹ 10,000/- for Sum Assured above ₹ 100,000/-


Premium Waiver Benefit (PWB) Rider – optional

Minimum Entry Age : 18 Years (Completed)

Maximum Entry Age : 55 Years (Nearest Birthday)

Maximum cover ceasing age : 70 Years (Nearest Birthday)


Maturity Benefits

There are 4 options


OptionSurvival BenefitMaturity Benefit
Option 1No Survival Benefit100 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any
Option 25 % of Sum Assured from Age 20 Years to 24 Years75 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any
Option 310 % of Sum Assured from Age 20 Years to 24 Years50 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any
Option 415 % of Sum Assured from Age 20 Years to 24 Years25 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any