Jeevan Tarun 934 Plan – LIC Jeevan Tarun 934 Policy Details
Jeevan tarun 934 policy is non-linked, with profits, limited premium payment plan specially designed to meet the educational and other needs of growing children.
Premium Payment Mode
Monthly (ECS), Quarterly, Half Yearly and Yearly
Duration / Term
25 Age at Maturity Time
20 Age at entry years
Minimum Entry Age
Zero Years Last Birthday
Maximum Entry Age
12 Years Last Birthday
Maximum Maturity Age
Minimum Sum Assured
Maximum Sum Assured
No Limit (Depending upon your Income)
On Risk before the date of commencement
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payble.
On Risk after the date of commencement
Risk benefit defined as sum of sum assured on risk and vested simple revisionary bonuses and final additional bonus, if any shall be payable.
Where sum assured on death is defined as higher of 7 times of annualized premium or absolute amount assured to be paid on risk i.e 125% of sum assured
This risk benefit shall not be less than 105% of the total premiums
No survival, Maturity Benefit 100% SA
5% Sum assured every year for 5 years from age 20 to 24, Maturity benefit 75% Sum assured
10% Sum assured every year for 5 years from age 20 to 24, Maturity benefit 50% Sum assured
15% Sum assured every year for 5 years from age 20 to 24, Maturity benefit 25% Sum assured
The policy can be surrendered at any time during the policy term provided premiums have been paid for Full Two Years
Available after payment of premium of 2 Full Years.
Income Tax Benefit
Premium paid under this plan is eligible for Tax rebate under section 80C.
Maturity under this plan is FREE under section 10(10D)