LIC Jeevan Tarun Plan – Jeevan Tarun 934 In this article we will tell you What is LIC Jeevan Tarun Plan?, Features of LIC Jeevan Tarun Plan, LIC Jeevan Tarun Plan Benefits, LIC Jeevan Tarun Plan Eligibility, LIC Jeevan Tarun Plan Premium, How to Buy LIC Jeevan Tarun Plan? Will give information about etc.
What Is LIC Jeevan Tarun Plan?
LIC Jeevan Tarun Plan is a non-linked, participating, individual, life assurance savings plan for children. This plan offers a combination of protection and savings features.
The scheme is specifically designed to meet the educational and other needs of growing children through annual survival benefit payouts at the age of 20 to 24 years and maturity benefit at the age of 25 years.
LIC Jeevan Tarun Plan provides an option to choose the proportion of survival benefits to be received during the term of the policy as per four options.
Features Of LIC Jeevan Tarun Plan
Features of LIC Jeevan Tarun Plan (LIC Jeevan Tarun Plan Features) are as follows-
1. The plan is designed to meet the educational and other needs of the children.
2. This plan comes in 4 options.
3. This plan provides the benefits of protection and savings plan.
4. You can add the following riders in this-
- LIC Premium Waiver Benefit Rider
LIC Jeevan Tarun Plan Benefits
LIC Jeevan Tarun Plan Benefit (LIC Jeevan Tarun Plan Benefit) is as follows
1. Death Benefit:
In LIC Jeevan Tarun Plan Benefit, on the death of the life assured during the policy term, the death benefit is paid, which will be as follows:
(i) on death before the commencement of the risk:
- Refund of premium/premiums paid without interest shall be payable.
(ii) on death after the commencement of the risk:
- Sum Assured on Death,
- Simple Reversionary Bonuses and
- Final additional bonus.
2. Maturity Benefit
- Sum Assured on Maturity,
- Simple Reversionary Bonuses and
- To install Final Addition.
LIC Jeevan Tarun Plan Eligibility
LIC Jeevan Tarun Plan Eligibility (LIC Jeevan Tarun Plan Eligibility) is as follows-
| Age at entry | Minimum: 90 daysMaximum: 12 years |
| Minimum / Maximum Maturity Age | 25 years |
| Policy Term | [25 – Age at entry] years |
| sum assured | Minimum: Rs. 75,000Maximum: No Limit |
LIC Jeevan Tarun Plan Premium
LIC Jeevan Tarun Plan Premium (LIC Jeevan Tarun Plan Premium is as follows-
| Premium Paying Term (PPT) | [20 – Age at entry] years |
| Premium Paying Mode | yearly, half-yearly, quarterly or monthly |