Jeevan Tarun

Jeevan Tarun

"In case you are not there to hold him make sure you leave a safety net for him"

Benefits:

This plan has been specially designed to meet the career needs of your child

You have the option to choose the nature of pay-outs to match the need of your child. The plan offers the benefit in instalments or lump sum as chosen by the customer

This plan also offers the Guaranteed risk cover of 125% of the Sum Assured

The premium is payable only for a limited period under this plan

On Maturity the child gets the Sum Assured along with Vested Bonus and Final Bonus, if any

This plan also has the premium waiver benefit where the premium is paid by the LIC in case of any unfortunate event

This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.

In a similar way, the policyholder also has the option of choosing the death benefit in installments

LIC also offer the discount in the premium in case the mode of payment is Yearly

The loan is also available to the policyholder after the completion of 1 year of the policy

How does this policy work ?

Eligibility Criteria Minimum Maximum
Age 90 Days (Completed) 12 Years (Last Birthday)
Policy Term 25 Years - Age at Entry 25 Years - Age at Entry
Premium Payment Term 20 Years - Age at entry 20 Years - Age at entry
Basic Sum Assured Rs.75,000 No Limit
Maximum Maturity Age 25 Years (Last Birthday) 25 Years (Last Birthday)
Rider LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB) LIC’s PREMIUM WAIVER BENEFIT RIDER (PWB)