B.O. 11K , 12/56, D.R.Chambers, D B Gupta Road Karol bagh (Near Karolbagh Police station) New Delhi -110005

Jeevan Tarun Plan (T-834)

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Now About Jeevan Tarun Plan (T-834)

Calculate your Premium for this plan

Lic’s Jeevan Tarun Plan (T-834) is specially designed to meet the educational and other needs of growing children through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years.

KEY FEATURES:

  • A Plan For Child Age 90 Days -12 Years.
  • Survival benefit from 20-25 year age of child.
  • Premium Waiver Benefit Rider Available for Proposer (All Premiums Will Be Waived Off In Case Of Proposer’s Unfortunate Death).
  • Double Tax Benefit Available (Premium Paid gives 80C Tax Benefit up to Rs. 1,50,,000 and Maturity is also Tax Free under section 10(10D)).
  • Loan and Surrender Facility Available.

Maturity Benefit:

  • There are four options available to take the maturity on survival which gives the flexibility to plan and secure future requirements from 20 year of age to 25 year of age child. The four option are explained in following table.
Options From 20 -24 year of age At 25 Year of Age
1 0 100% of SA + Bonus + FAB
2 5% of SA 75% of SA + Bonus + FAB
3 10% of SA 50% of SA + Bonus + FAB
4 15% of SA 25% of SA + Bonus + FAB

Death Claim Benefit:

  • On Death Before the Date of Commencement of Risk: An amount equal to the total amount of premium paid shall be payable.
  • On Death After the Date of Commencement of Risk: Sum Assured + Vested Bonus + FAB if any.

Eligibility Criteria:

Minimum Age to Apply 0 Years (Last Birthday)
Maximum Age to Apply 12 Years (Last Birthday)
Policy Term 25 year Age of child at Maturity Time 
Premium Paying Term 20 – Age at Entry
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only) 
Sum Assured 75000 and above (in multiples of 10000)
Loan After 3 Years
Surrender After 3 years of premium payment