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The LIC Jeevan Tarun is a child insurance plan from the Life Insurance Corporation of India. It is designed to help parents save money for a child’s education, career, or marriage while also providing life insurance protection. (Liferay DXP)
1. Basic Details
Plan Type: Non-linked participating child plan
Entry Age of Child: 90 days to 12 years
Maturity Age: 25 years (child’s age)
Minimum Sum Assured: ₹75,000
Maximum Sum Assured: No limit
Premium Payment Mode: Yearly / Half-yearly / Quarterly / Monthly (Policy Buy)
Policy Term Formula:
Policy Term = 25 − child’s age at entry
Premium Paying Term = 20 − child’s age at entry (LIC New Policy)
Example:
If child age = 5 years
Policy term = 20 years
Maturity at 25 years age
2. Survival Benefits (Money for Education)
Parents can choose 4 options for receiving money when the child grows up. (LIC New Policy)
| Option | Payment (Age 20–24) | Maturity at 25 |
|---|---|---|
| Option 1 | No yearly payment | 100% Sum Assured |
| Option 2 | 5% SA every year | 75% SA |
| Option 3 | 10% SA every year | 50% SA |
| Option 4 | 15% SA every year | 25% SA |
(SA = Sum Assured)
3. Maturity Benefit
At age 25, the child receives:
Remaining Sum Assured
Bonus
Final Additional Bonus (if declared). (PunitShet.com)
4. Death Benefit
If the insured person dies during the policy:
Higher of 10× annual premium or 125% of Sum Assured
Plus bonuses. (Policy Buy)
5. Additional Features
Loan facility: After paying 2 years premium
Surrender option: After 2 years
Tax benefit:
Premium under Section 80C
Maturity under Section 10(10D) (Policy Buy)
6. Optional Rider
Premium Waiver Benefit Rider
If the parent dies, future premiums are waived but the child still receives full benefits. (Need Based Solution)
✅ Simple understanding:
Policy taken for child (0–12 years)
Money paid for education from age 20–24
Final maturity amount at age 25
Life insurance protection included.
✅ If you want, I can also show:
LIC Jeevan Tarun premium example (₹5 lakh / ₹10 lakh policy)
Difference between LIC Jeevan Tarun and LIC Jeevan Umang (which is better).
