LIC Jeevan Tarun (Table 834) is specially designed to meet the Educational, marriage and other needs of growing children through Survival Benefits starting from the age of 20 till their 25th Age.
2. LIC'S JEEVAN TARUN
• LIC JEEVAN TARUN POLICY (PLAN NO.834) IS AN OPTIONAL MONEY BACK POLICY
INTRODUCED BY LIC OF INDIA.
• LIC JEEVAN TARUNMONEY BACK POLICY IS A NON-LINKED, WITH PROFITS PLAN
WHICH IS SPECIALLY DESIGNED FOR CHILDREN TO MEET THEIR FINANCIAL
PROBLEMS AND THEIR EDUCATIONAL NEEDS.
• LIC JEEVAN TARUN POLICY (PLAN NO.834) IS A LIMITED PREMIUM PAYMENT
MONEY BACK PLAN.
3. LIC'S JEEVAN TARUN
• LIC JEEVAN TARUN MONEY BACK PLAN NO.834 IS A FLEXIBLE PLAN WHICH
PROVIDES ALL TYPES OF BENEFITS SUCH AS DEATH BENEFITS,
MATURITY BENEFITS, SURVIVAL BENEFITS.
• UNDER THIS LIC JEEVAN TARUN POLICY 834, LIC’S PREMIUM WAIVER BENEFIT
RIDER IS ALSO AVAILABLE BY PAYING ADDITIONAL PREMIUM.
4. ELIGIBILITY CONDITIONS
Minimum Sum Assured Rs. 75,000
Maximum Sum Assured No Limit
Minimum Age at entry 90 days (last birthday)
Maximum Age at entry 12 years (last birthday)
Minimum/ Maximum Maturity Age 25 years (last birthday)
Policy Term 25 years (Age at entry)
Premium Paying Term (PPT) 20 years (Age at entry)
5. SURVIVAL BENEFIT
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
6. MATURITY BENEFIT
• ON SURVIVAL OF THE LIFE ASSURED TILL THE END OF THE
POLICY TERM,
• MATURITY BENEFIT = SUM ASSURED ON MATURITY + VESTED
SIMPLE REVERSIONARY BONUSES + FINAL ADDITIONAL BONUS,
IF ANY
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
7. 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.
8. PREMIUM WAIVER BENEFIT
RIDER
Entry Age:
•Minimum: 18 years
•Maximum: 55 years
Term of the Rider:
•20years (Age of the
child at the time of
opting the rider)
Maximum Cover ceasing
age:
•70 years
9. THANK YOU…
For more detail Contact at-
Building No 32,Phase-2,
Block-H,Near Sector-5,Gurgaon,Haryana (122001)
Telephone: +91 7319758961 (English),+ 91
9711346765 (Hindi)
E-mail:
sales@thepolicykart.com,info@thepolicykart.com
Website: www.thepolicykart.com