Jeevan Tarun Plan No. 834 15

LIC is going to launch New plan for Childrens Soon – JEEVAN TARUN (Table No. 834)

  • This is Fantastic plan For the Children, This Can be taken as a Money Back if want.
  • Pay premium only upto 20 years of the child
  • Maturity at the age of 25
  • Jeevan Tarun is a limited premium plan designed for childrens education, marriage and other needs in the future.

Lic’s new plan for Children – Jeevan Tarun plan no. 834 is a Non-linked, with-profits, optional money back plan which will introduced soon by LIC (Life Insurance Corporation of India).

Lic Jeevan Tarun policy offers four options.

  • Depending on the requirement, the proposer can choose any of the 4 options for SB (Survival Benefit) payments from 20 to 24 years of age.
  • Proposer need to choose the option at the proposal stage only.
  • Under Jeevan Tarun plan Maturity Benefit is payable at the age of 25 years only.

Four options are given below,

Option Survival Benefit Maturity Benefit
Option 1 No Survival Benefit 100% of Sum Assured
Option 2 5% of Sum Assured every year for 5 years 75% of Sum Assured
Option 3 10% of Sum Assured every year for 5 years 50% of Sum Assured
Option 4 15% of Sum Assured every year for 5 years 25% of Sum Assured

LIC’s Jeevan Tarun Plan Features

Entry Age Minimum: 90 daysMaximum: 12 years
Minimum/Maximum Maturity Age 25 years
Policy term 25 years – Age at entry (years)
Premium Paying Term 20 years – Age at entry (years)
Sum Assured (SA) Minimum: Rs. 75,000/-Maximum: No limit

(SA shall be in multiples of

5,000/- from SA 75,000/- to 1,00,000/-

10,000/- for SA above 1,00,000/-)

Jeevan Tarun Plan Benefits

Death Benefit:

  • On Death before the Date of commencement of risk: Death benefit = Total no. of premiums paid – taxes, extra premium and rider premium (if any)
  • On Death after the Date of commencement of risk: Death benefit = ‘Sum Assured on death’ + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.

Survival Benefit:

On survival of the life assured on each of the respective policy anniversaries, a fixed percentage of sum assured shall be payable as survival benefit. It shall be payable every year starting from policy anniversary coinciding with / following the completion of 20 years of age and thereafter on each of next 4 policy anniversaries. These percentages depend on the option choosen by the proposer at the proposal stage. The percentages for various options are given below,

Policy Anniversary coinciding with / following the completion of ages Percentage of Sum Assured to be paid as SB (Survival Benefit)
Option 1 Option 2 Option 3 Option 4
20 to 24 years Nil 5% each year 10% each year 15% each year

Maturity Benefit:

  • On Survival Maturity Benefit = Sum Assured on maturity + vested Simple Reversionary Bonuses + Final Additional Bonus, if any

Sum Assured on Maturity for various options are given below,

Options Maturity Benefit
Option 1 100% of Sum Assured
Option 2  75% of Sum Assured
Option 3  50% of Sum Assured
Option 4  25% of Sum Assured

Riders available in Lic Jeevan Tarun 834 Policy

Premium Waiver Benefit Rider:

Premium Waiver Benefit is available under Lic Jeevan Tarun Policy on payment of additional premium. This is an optional rider that can be opted along with basic plan. In case of death of the life assured, futher premiums after the date of death shall be waived. The conditions for Lic Premium Waiver Benefit Rider are given below,

Entry Age: Minimum: 18 yearsMaximum: 55 years
Term of the Rider: 20 – Age of the child at the time of opting the rider
Maximum Cover ceasing age: 70 years

15 thoughts on “Jeevan Tarun Plan No. 834

  1. Reply R.K..KATIYAR May 18,2015 4:22 PM

    jeevan tarun policy is very benificial for children’s safty

  2. Reply D.R.Mulik May 20,2015 12:07 PM

    Best SB Option in Jeevan Tarun Plan.

  3. Reply anand 527 Jul 4,2015 3:55 PM

    It’s similar to komal jeevan

  4. Reply anand 527 Jul 5,2015 2:54 AM

    Nice plan

  5. Reply Harish Chandra Aug 21,2015 10:42 AM

    Jeevan Tarun is likely ” Komal Jeevan” but some features are added in it quite differ .

  6. Reply sachin.s Sep 4,2015 11:18 AM

    sir,
    would you give me an advice to select which lic policy is best for my 1 Year old child for a period of 20 yrs
    regards
    sachin

  7. Reply Umesh Feb 11,2016 12:22 AM

    One time investment plan
    Tax saving

    Umesh jarial

  8. Reply c k jain Mar 3,2016 10:41 PM

    Best policy for child is Jeevan tarun and child money back policy its for child future plan
    N child career plan

  9. Reply sushil sihag May 9,2016 11:10 AM

    hi sir, myself sushil sihag I wants to know about lic plans for my 8years old son . plans which will be in tenure around20years. plz send plans table related to children.

  10. Reply sushil sihag May 9,2016 11:12 AM

    plz tells about children lic plan around 20years tenure.

  11. Reply Mahendar Dec 30,2016 2:50 PM

    The worst plan half of the life over by 25 years of age. By that time our child education will be over and they will start earnings. LIC making us fool with this plan. If you really love your kids don’t choose this plan.

  12. Reply Satish Raj Feb 26,2017 8:04 AM

    Hi, my baby boy age is 09 months. Need to take Lic plan for baby futures like for education . Please ping me. My mail id – satishrajmarketing@gmail.com

    Thanks,

    Satish Raj

  13. Reply basu Jun 14,2017 2:52 AM

    LIC jeevan tarun plan is the best plan for children education an future,
    and 4 option available in this plan.

  14. Reply PRABHAKARAM Jun 27,2017 11:39 AM

    WHICH LIC PLAN IS THE BEST PLAN FOR MY ONE YEAR BABY GIRL ?

Leave a Reply to PRABHAKARAM Cancel Reply

  

  

  

Time limit is exhausted. Please reload CAPTCHA.