Jeevan Tarun Plan (T-834)

Home Policies PoliciesJeevan Tarun Plan (T-834)

Now About Jeevan Tarun Plan (T-834)

Calculate your Premium for this plan

LIC 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.
OptionsFrom 20 -24 year of ageAt 25 Year of Age
10100% of SA + Bonus + FAB
25% of SA75% of SA + Bonus + FAB
310% of SA50% of SA + Bonus + FAB
415% of SA25% 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 Apply0 Years (Last Birthday)
Maximum Age to Apply12 Years (Last Birthday)
Policy Term25 year Age of child at Maturity Time
Premium Paying Term20 – Age at Entry
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Sum Assured75000 and above (in multiples of 10000)
LoanAfter 3 Years
SurrenderAfter 3 years of premium payment

WhatsApp chat