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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) |
Know more: LIC Jeevan Tarun Plan
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