LIC’S JEEVAN TARUN – 834
LIC’s Jeevan Tarun Plan is non-linked, with-profits, Limited premium payment plan specially designed to meet the educational and other needs of growing children.
LIC Jeevan Tarun Plan Eligibility and Other Features:
Minimum Entry Age: 90 days
Maximum Entry Age: 12 years
Minimum/Maximum Maturity Age: 25 years
Policy term: 25 years – Age at entry (years)
Premium Paying Term: 20 years – Age at entry (years)
Minimum Sum Assured: Rs.75,000/-
Maximum Sum Assured: No limit
Premium Payment Mode: All Modes
Premium Waiver Benefit Rider: Available
Proposer’s Minimum Age: 18 years
Proposer’s Maximum Age: 55 years
On Survival : Benefits are payable in the last five years of policy term. Based on the option selected by policy holder, every year the Policy holder will get a fixed percentage of the sum assured. LIC Jeevan Tarun Policy No.834 will have following options of Survival benefits:
Surrendered Value : The policy can be surrendered at any time during the policy term provided premiums have been paid for full three years.
Loan : Loan facility is available under this plan after the payment of premiums for atleast three 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 sec 10(10D).
For more details please contact: +91 9551640358