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Plan No. 934Child Insurance
LIC's Jeevan Tarun
"Flexible financial planning for your child."
A participating non-linked limited premium payment plan for children.
Key Features
- ✓Flexible Payouts from age 20 to 24.
Eligibility Criteria
Minimum Age90 Days
Maximum Age12 Years
Minimum TermMaturity at 25
Maximum TermMaturity at 25
Min Sum Assured₹ 75,000
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
Sum Assured on Death + Bonuses.
Survival Benefit
Depends on chosen option.
Maturity Benefit
Remaining BSA + Bonuses at age 25.
Real-World Example
ProfileParent buying for a 5-Year-Old Child
Sum Assured₹ 10,00,000
Term Details20 Years (Matures at age 25)
Annual Premium₹ 45,000 / Year
Expected Returns₹ 1.5L annually from age 20-24, plus Maturity
How it Works
Parent opts for the 15% survival benefit. From age 20 to 24, the child receives ₹ 1.5 Lakhs every year (total ₹ 7.5L) to pay for higher education. At age 25, the child gets the remaining 25% (₹ 2.5L) plus accumulated bonuses.