LIC Jeevan Tarun 934 telugu | Best children plan | #lic #jeevantarun

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## LIC Jeevan Tarun Plan: Securing Your Child's Future with Growth and Protection

The LIC Jeevan Tarun Plan is a child insurance plan designed to offer both financial protection and savings for your child's future. It combines life insurance coverage with regular payouts and maturity benefits, making it a popular choice for parents seeking a comprehensive solution.

**Key Features:**

* **Eligibility:** For children aged 0 to 12 years.
* **Policy Term:** 15 years for premium payment, policy matures when the child turns 25.
* **Premium Payment:** Flexible - yearly, half-yearly, quarterly, or monthly.
* **Sum Assured:** Minimum of Rs. 75,000, no upper limit.
* **Benefits:**
* **Death Benefit:**
* Before risk commencement: Return of premiums paid (without interest).
* After risk commencement: Higher of 10 times annualized premium or 125% of Sum Assured (minimum 105% of total premiums paid).
* **Survival Benefits:**
* 5% (optional: 10%, 15%) of Sum Assured paid annually from child's age 20 to 24.
* Maturity Benefit: 25% of Sum Assured at policy maturity (child's age 25).
* **Bonus:** Participating plan, eligible for Simple Reversionary Bonus and Final Additional Bonus declared by LIC.
* **Riders:** Optional riders like waiver of premium on death/disability of parent, critical illness cover, etc.

**Example:**

Let's imagine you purchase an LIC Jeevan Tarun Plan for your 3-year-old child with a Sum Assured of Rs. 5 lakhs and choose the 10% annual survival benefit option. You opt for yearly premium payment of Rs. 30,000.

* **Total Premium Paid:** Rs. 4.5 lakhs (15 years).
* **Survival Benefit (20-24 years):** Rs. 50,000 per year (Rs. 5 lakhs in total).
* **Maturity Benefit (25 years):** Rs. 1.25 lakhs (25% of Sum Assured).
* **Death Benefit (before 20 years):** Minimum of Rs. 4.65 lakhs (105% of premiums paid).
* **Death Benefit (after 20 years):** Minimum of Rs. 6.25 lakhs (125% of Sum Assured).

**Additional Benefits:**

* **Loan facility:** You can avail loan against the policy surrender value after premium payment term is completed.
* **Tax benefits:** Premiums paid qualify for tax deductions under Section 80C of the Income Tax Act.
* **Liquidity:** Surrender benefit available after paying premiums for 3 years.

**Conclusion:**

The LIC Jeevan Tarun Plan offers a well-rounded package of financial protection and savings for your child's future. It provides life insurance coverage, regular payouts during their crucial teenage years, and a lump sum on reaching adulthood. With its flexible options and potential bonus additions, it can be a valuable tool for securing your child's financial future while creating a safety net for your family.

[karthikeyanakka]

Option 1 teesukunnam.... monthly 2000...2036 varuku kattali....2043 maturity amount enta vastadi

Assured

[srilathadogiparthi]

Sir e policy child ki parents pay cheyala r grand parents ina pay cheyocha (proposer)