LIC Jeevan Tarun Plan (Plan no.834)

This is a Money back policy with regular premium payment, Non-linked, Conventional, with-profits plan. Get attractive payouts at important stages of your child’s education, because children grow up very fast!
Eligibility Conditions & Restrictions
Minimum age : 90 days completed
Maximum age : 12 years
Policy Term : 25 minus (-) Age at entry
Premium paying term : 20 minus (-) Age at entry
Minimum Sum Assured : Rs. 75,000
Maximum Sum Assured : No limit
Premium payment : Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Money back options : OPTION 1 – No money back is paid (100% of Sum assured + Bonus is paid at age 25 years) OPTION 2 – 5% of Sum assured is paid every year for 5 years from child age 20 to 24 years OPTION 3 – 10% of Sum assured is paid every year for 5 years from child age 20 to 24 years OPTION 4 – 15% of Sum assured is paid every year for 5 years from child age 20 to 24 years
Loan : Available after 3 years
Surrender : Available after 3 years
On Maturity : OPTION 1 – 100% of Sum assured + Bonus at child age 25 years OPTION 2 – 75% of Sum assured + Bonus at child age 25 years OPTION 3 – 50% of Sum assured + Bonus at child age 25 years OPTION 4 – 15% of Sum assured + Bonus at child age 25 years
Premium waiver benefit : Available from age 18 years to 55 years of proposer
Income Tax Benefits : (i) Premiums paid are eligible for Tax rebate u/s 80c (ii) Maturity amount / Death claim is non-taxable u/s 10(10d)