LIC JEEVAN TARUN
LIC JEEVAN TARUN, TABLE NO 934
USPs Of Table No. 934
- Suitable for new born baby
- Low Sum Assured
- Return in Every Year
- Premium Paying term in Less
- Flexibity in Money Back
ELIGIBILITY CONDITIONS & RESTRICTION
| MINIMUM | MAXIMUM | |
| AGE | 90 days completed | 12 Year (LBD) |
| Sum Assured | 75000 | No Limit |
Payment of Money Back in LIC JEEVAN TARUN
% of sum assured to be paid as money back from 20yrs to 24yrs of the child as per the choosen sum assured
| Option I | Option II | Option III | Option IV |
| NIL | 5% each year | 10% each year | 15% each year |
Maturity Benefit : The maturity in LIC JEEVAN TARUN plan is payable when the child is turned 25years of age. The maturity will be balance of the sum assured left as per option choosen + Bonus Payable + Final Additional Bonus. Options are given below.
| Maturity Age | Option I | Option II | Option III | Option IV |
| 25 years | 100% | 75% | 50% | 25% |
Death Benefit: If premium waiver benefit is opted by the proposer in LIC JEEVAN TARUN , and the proposer dies at point of time during the term of the policy, future premium will be waived. In case the child dies during the term of the policy the sum assured along with the bonus accrued will be payable to the proposer if the risk cover of the child already started.
Tax Benefits : Premium paid in this plan is tax free under section 80 (C) and maturity is also tax free under section 10.10D
Loan : Loan is payable in LIC JEEVAN TARUN after 3 years.
Surrender : Surrender is applicable in LIC JEEVAN TARUN after 3 years.
ILLUSTRATION OF LIC JEEVAN TARUN
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