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LIC Jeevan Tarun Plan

LIC jeevan tarun plan for the child education in future

LIC New Plan Jeevan Tarun 834 is a participative flexible plan for children. The allotment of survival benefits can be chosen by the proposer at the time of the issue which makes LIC’s Jeevan Tarun Policy one of the most liked LIC policy for child education.

LIC Jeevan Tarun Plan Details-

  • Any child between the ages of 90 days -12 years is eligible under the LIC Jeevan Tarun Policy.
  • LIC Jeevan Tarun Plan 834 is a limited payment policy as it continues till the child is 25 years but premium needs to be paid till he/she is 20years. The minimum premium paying term is 8 years.
  • Minimum Sum Assured for LIC Jeevan Tarun Plan is Rs.75000.
  • The premium can be made in annual, half-yearly, quarterly and monthly payment modes.
  • Grace period of 30 days to pay the premium and a free look period of 15 days.

Benefits offered by LIC Jeevan Tarun Policy

Maturity benefit is the fixed percentage of sum assured paid when the insured child reaches 25 years of age.

Survival benefits are a fixed percentage of the sum assured which can be enjoyed from 20 to 24 years of age of the life insured. The survival and maturity benefits as per LIC Jeevan Tarun Plan can be chosen as per the options in the table given below:

OptionSurvival BenefitMaturity Benefit
INil 100% Sum Assured + Bonus
II5% Sum Assured every year for 5 years
Remaining 75% Sum Assured + Bonus
III10% Sum Assured every year for 5 years
Remaining 50% Sum Assured + Bonus
IV15% Sum Assured every year for 5 years
Remaining 25% Sum Assured + Bonus

Death Benefit in the unfortunate event of death, LIC Jeevan Tarun Plan 834 shall pay the sum assured on death along with simple reversionary bonuses and final additional bonuses. The death benefit cannot be less than 105% of the total premiums paid till the date of death of the insured.

Premium Waiver Benefit is an optional rider in the LIC Jeevan Tarun Policy which can be opted at an additional premium amount The rider waives off the premium on the death of the proposer.

As an efficient LIC agent, we help you to thoroughly understand LIC Jeevan Tarun Policy details and benefits. It is among the best of LIC Child Education Plan that allows your child to smoothly walk towards its dream.

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