LIC Jeevan Tarun Plan

LIC Jeevan Tarun Plan 834

LIC Jeevan Tarun Plan (LIC Table No 834) is children money back plan which is specially designed for children education.This plan gives options to choose many benefit and helps to ensure financial requirements of child education and carrier from 20 to 25 years of child age.

“LIC Jeevan Tarun Plan 834″ can be purchased by parent and grandparent for their 0-12 year old child and very useful with premium waiver benefit which provides premium waiver in case of death of guardian (proposer) during the policy term.

Key Features of LIC Jeevan Tarun Plan 834

• This plan to fulfill requirement of child education and carrier
• 4 Option to select required amount from 20-25 year age of child
• Premium waiver option which and important for child education and carrier
• Paid premiums are exempted from income tax under sec 80-C
• Maturity amount is tax free under sec 10(10D)

Eligibility Conditions

LIC Jeevan Tarun Policy 834 Benefits

    Starting of Risk

• In case, the child is less than 8 year old, then, life cover will be start 2 year after policy buying or completion of 8 year of age, whichever is earlier.

    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) will be paid to proposer.
• On Death after the Date of commencement of risk: Death benefit = ‘Sum Assured on death’ + vested Simple Reversionary Bonuses + Final Additional Bonus(if any) will be paid to the proposer.

Survival Benefit:

• The percentages for various options are given below.

Maturity benefit

There are 4 options available to take the maturity on survival which gives as under.

Premium Waiver Benefit Rider (PWB)

This plan can be buy with Premium waiver benefit against life of proposer (Parents or Grand Parents) with additional premium. In case of death of proposer, further premiums will not be required to pay. This waiver benefit must be included with this policy to get a complete child plan.

Benefit Example for LIC  jeevan tarun plan 834

To Illustrate the benefits of LIC Jeevan Tarun plan 834, Let’s take an example Mr. Sandeep Meena whose age is 30 years old and who is purchasing this plan for his 1 year old child.
Father (Proposer) Age : 30 Years
Child Age: 1 Years
Sum Assured: Rs. 7,00,000
Policy Term: 24 (25-1) Years
Premium Paying Term: 19 (20-1) Years
Policy Purchase Year: 2016

Following table explains approximate premium to be paid and money back amounts along with maturity which will be available from 20 to 25 year age of child.

Year-wise Death Claims-option 1.

With the help of above illustration, we can understand that LIC Bima Policy 834 allows to plan,children education and marriage needs from 20 to 25 year age.

Services that I offer

• New LIC Policy Quotes and Completion
• Complete guidance
• Doorstep Premium Collection Service
• Personalized Policy Recommendations
• Renewal / Revival of Lapsed Policies
• Human Life Value Calculation
• Life Time Services

FOR MORE INFORMATION PLEASE CONTACT -:

BASPA NAND PANCHOLI

CON.9891009400

Email–basupancholi@gmail.com

Office Address:-25,KG,Marg,Jeevan Prakash Building.

LIC of India,Branch Unit-117.

3rd floor,C.P. New Delhi-110001.

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