9980 940 508

LIC Jeevan Tarun 9980940508

Plan834

LIC New Jeevan Tarun - Children Plan

LIC Jeevan Anand
LIC Jeevan Tarun 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.

This plan can be purchased by parent or grand parent for their 0-12 year old child and very useful with premium waiver rider which provides premium waiver in case of death of guardian (proposer) during policy term.

Key Features of LIC Jeevan Tarun Plan
A plan to fulfill children education and other requirements.
Option to select Survival benefit amount from 20-25 year age of child
i) Option 1: 100% of Sum Assured + vested Bonus at Maturity
ii) Option 2: 5% of Sum Assured every year from 20th year and 75% of Sum Assured + Bonus at Maturity
iii) Option 3: 10% of Sum Assured every year from 20th year and 50% of Sum Assured + Bonus at Maturity
iv) Option 4: 15% of Sum Assured every year from 20th year and 25% of Sum Assured + Bonus at Maturity
Premium waiver benefit option available
Paid premiums are exempted from income tax under sec 80C
Maturity amount is tax free under 10 (10D)

Eligibility Conditions and Other Restrictions :
a) Minimum Basic Sum Assured :Rs. 75,000
b) Maximum Basic Sum Assured :No Limit
c) Policy Term: 25 - Age at Entry (20 years in case of 5 year old child)
d) Premium Paying Term : 20 - Age at Entry (15 years in case of 5 year old child)
e) Minimum Age at entry : 90 days (completed)
f) Maximum Age at entry: 12 years (nearest birthday)

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