• Apply Now
  • About Policy

Key Features of LIC Jeevan Tarun:


• This policy will get matured by the 25th age of the child, irrespective of at whatever age the policy has been taken
• Four different options are available under this policy to receive the maturity benefits.
• Premium needs to be paid only till the 20th age of the child.

LIC Jeevan Tarun Eligibility Conditions :


Minimum

Maximum

Sum Assured (in Rs.) 75,000 No Limit
Policy Term (in years) 25 - Age of Child
Premium Payment Term(in years) Policy Term - 5
Entry Age of Policyholder 90 days 12
Age at Maturity 25th Age of Child
Payment modes Yearly, Half-yearly, Quarterly, Monthly

Returns of LIC Jeevan Tarun Plan :


Maturity Return -
Option - 1 : No maturity benefits will be provided from 20th t0 24th Age of child. On the 25th Age, Sum Assured with Bonus along with Final Additional Bonus (if any) will be paid.
Option - 2 : 5% of Sum Assured will be provided every year from 20th to 24th Age of child. On the 25th Age, 75% of Sum Assured with Bonus along with Final Additional Bonus (if any) will be paid.
Option - 3 : 10% of Sum Assured will be provided every year from 20th to 24th Age of child. On the 25th Age, 50% of Sum Assured with Bonus along with Final Additional Bonus (if any) will be paid.
Option - 4 : 15% of Sum Assured will be provided every year from 20th to 24th Age of child. On the 25th Age, 25% of Sum Assured with Bonus along with Final Additional Bonus (if any) will be paid.

Death Benefit – Incase of death of the insured person after completion of 8 yrs of age or after completion of 2 years after taking the policy, 125% of Sum Assured will be paid. Incase if the insured person expires within 2 years of completing and also below 8 years of age, then the Premium paid till date excluding any tax paid will be returned to the nominee.

Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns
Loan on Policy - Available after completion of 3 years
Housing Loan Surity- Available

Calculate Premium & Maturity Returns

Sum Assured

 

Policy Plan

Proposer (Parent) Age
Premium Waiver Benefit

Name



Mobile

+91
Verification code may be sent to this Number

Date of Birth



   I agree to your Terms & Conditions and Privacy Policy

LIC Jeevan Tarun

LIC Jeevan Tarun (Table 834) is specially designed to meet the Educational, marriage and other needs of growing children through Survival Benefits starting from the age of 20 till their 25th Age. Premium needs to be paid till 20th age of the child. Maturity returns will be provided on the 25th age of the child. Survival benefits may be provided from 20th to 24th age of the child based on the option choosen. This plan also has an Optional Premium Waiver benefit raider which when opted, the child need not pay any premium if the parent who had proposed this policy has expired.

Four different options are available to receive the survival benefits under this policy:

Option - 1: No survival benefits will be provided from 20th to 24th age of the child.

Option - 2: 5% of Sum Assured will be provided each year as survival benefits from 20th to 24th age of the child.

Option - 3: 10% of Sum Assured will be provided each year as survival benefits from 20th to 24th age of the child.

Option - 4: 15% of Sum Assured will be provided each year as survival benefits from 20th to 24th age of the child.

This policy can be taken for any children who are below 12 years of age and the policy will get matured by their 25th age.

Service Tax is applicable on the premium paid for this policy, at the rate of 3.625% for the 1st year premium and 1.81% from 2nd year onwards.