Robinson John
(LIC Advisor)
LIC's Jeevan Tarun Plan (834)
Overview
LIC's Jeevan Tarun is a participating non-linked limited premium payment plan which offers an attractive combination of protection and saving features for children. This plan 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.
Benefits
Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity under this plan is free under sec 10(10D).
On Survival
Option is chosen at proposal stage:
Option-1: No Survival, Maturity Benifit 100% S.A.
Option-2: 5% S.A. every year For 5 Years from age 20 to 24, Maturity Benifit 75% S.A.
Option-3: 10% S.A. every year For 5 Years from age 20 to 24, Maturity Benifit 50% S.A.
Option-4: 15% S.A. every year For 5 Years from age 20 to 24, Maturity Benifit 25% S.A.
Option-1: No Survival, Maturity Benifit 100% S.A.
Option-2: 5% S.A. every year For 5 Years from age 20 to 24, Maturity Benifit 75% S.A.
Option-3: 10% S.A. every year For 5 Years from age 20 to 24, Maturity Benifit 50% S.A.
Option-4: 15% S.A. every year For 5 Years from age 20 to 24, Maturity Benifit 25% S.A.
On Death
Sum Assured + Vested Bonus + FAB if any.
Rules
Policy Term '25' (minus) 'Child's age at entry'
Minimum Basic Sum Assured Rs. 75,000/-
Maximum Basic Sum Assured No Limit
Minimum Policy Term '25' (minus) 'Child's age at entry'
Maximum Policy Term '25' (minus) 'Child's age at entry'
Premium Paying Term '20' (minus) 'Child's age at entry'
Minimum Entry Age '0' Year on Latest Birthday
Maximum Entry Age 12 Year on Latest Birthday
Maximum Age at Maturity for Life Assured 25 years
Mode of Premium Payment Yearly, half-yearly, quarterly & monthly
Address: 1434 C / 13, Govindpuri, Kalkaji, New Delhi. Pin - 110 019
Insurance is the subject matter of the solicitation. This website contains only an indication of policy cover described in it. Any information can get changed any time without any prior notice. Please read LIC's official sales brochure carefully before concluding a sale. This is not the official website of L.I.C. of India.
Website development for Mr. Robinson John by Arnold Milton