LIC Jeevan Tarun Plan no 834

• This is Fantastic plan For the Children, This Can be taken as a Money Back if want.
• Pay premium only upto 20 years of the child
• Maturity at the age of 25
• Jeevan Tarun is a limited premium plan designed for childrens education, marriage and other needs in the future.

Lic’s new plan for Children – Jeevan Tarun plan no. 834 is a Non-linked, with-profits, optional money back plan which will introduced soon by LIC (Life Insurance Corporation of India).

Lic Jeevan Tarun policy offers four options.

• Depending on the requirement, the proposer can choose any of the 4 options for SB (Survival Benefit) payments from 20 to 24 years of age.
• Proposer need to choose the option at the proposal stage only.
• Under Jeevan Tarun plan Maturity Benefit is payable at the age of 25 years only.
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Four options are given below,

Option	Survival Benefit	Maturity Benefit
Option 1	No Survival Benefit	100% of Sum Assured
Option 2	5% of Sum Assured every year for 5 years	75% of Sum Assured
Option 3	10% of Sum Assured every year for 5 years	50% of Sum Assured
Option 4	15% of Sum Assured every year for 5 years	25% of Sum Assured

LIC’s Jeevan Tarun Plan Features

Entry Age	Minimum: 90 daysMaximum: 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)
Sum Assured (SA)	Minimum: Rs. 75,000/-Maximum: No limit (SA shall be in multiples of 5,000/- from SA 75,000/- to 1,00,000/- 10,000/- for SA above 1,00,000/-)

Jeevan Tarun Plan Benefits

Death Benefit:

• On Death before the Date of commencement of risk: Death benefit = Total no. of premiums paid – taxes, extra premium and rider premium (if any)
• On Death after the Date of commencement of risk: Death benefit = ‘Sum Assured on death’ + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.
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Survival Benefit:

On survival of the life assured on each of the respective policy anniversaries, a fixed percentage of sum assured shall be payable as survival benefit. It shall be payable every year starting from policy anniversary coinciding with / following the completion of 20 years of age and thereafter on each of next 4 policy anniversaries. These percentages depend on the option choosen by the proposer at the proposal stage. The percentages for various options are given below,

Policy Anniversary coinciding with / following the completion of ages	Percentage of Sum Assured to be paid as SB (Survival Benefit)
	Option 1	Option 2	Option 3	Option 4
20 to 24 years	Nil	5% each year	10% each year	15% each year

Maturity Benefit:

• On Survival Maturity Benefit = Sum Assured on maturity + vested Simple Reversionary Bonuses + Final Additional Bonus, if any

Sum Assured on Maturity for various options are given below,

Options	Maturity Benefit
Option 1	100% of Sum Assured
Option 2	75% of Sum Assured
Option 3	50% of Sum Assured
Option 4	25% of Sum Assured

Riders available in Lic Jeevan Tarun 834 Policy

Premium Waiver Benefit Rider:

Premium Waiver Benefit is available under Lic Jeevan Tarun Policy on payment of additional premium. This is an optional rider that can be opted along with basic plan. In case of death of the life assured, futher premiums after the date of death shall be waived. The conditions for Lic Premium Waiver Benefit Rider are given below,

Entry Age:	Minimum: 18 yearsMaximum: 55 years
Term of the Rider:	20 – Age of the child at the time of opting the rider
Maximum Cover ceasing age:	70 years

LIC Jeevan Lakshya Plan No 833

Jeevan Lakshya is a limited premium paying plan which provides Annual Income Benefit to fulfill the family requirements. In case of death of the policy holder takes place prior to the maturity, 10% of the basic sum assured will be paid on every policy anniversary, further it also provides a lump sum amount at the time of maturity regardless of survival of the policyholder.

Jeevan Lakshya Eligibility

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Death Benefits:

1. In case of unfortunate event of death of policy holder happens during the policy term, 10% of the basic sum assured amount will be given to the nominee on every policy anniversary from the year of death till the date of maturity.

2. At the time of maturity i.e. at the end of policy term, nominee will be paid

Basic Sum Assured on death (110% of sum assured) + Vested simple Revisionary Bonuses + Final Additional Bonus (If Any)

Maturity Benefits:

If policy holder survives till the end of the policy term having paid all due premiums, the benefits from the policy would be:

Basic Sum Assured + Vested Simple Revisionary bonuses + Final Additional bonus (if any)

LOAN & SURRENDER OPTIONS AVAILABLE

TERM, ACCIDENT AND DISABILITY BENEFIT RIDER AVAILABLE