LIC Jeevan Tarun Calculator (Plan 734)
Compare the four Jeevan Tarun options and see the money your child gets from age 20 to 25.
Illustration only, based on the benefit structure in LIC’s plan brochure. It is not an LIC quotation or benefit illustration. Bonuses are not guaranteed and are not included unless stated. Actual benefits depend on policy terms, premiums paid and LIC’s rules – the policy document prevails.
Get official LIC illustration on WhatsAppThe 4 options of Jeevan Tarun
LIC Jeevan Tarun (Plan 734) lets you choose, at the proposal stage, how much money comes every year from the child’s age 20 to 24:
- Option 1: nothing yearly – 100% of Sum Assured at 25
- Option 2: 5% every year – 75% at 25
- Option 3: 10% every year – 50% at 25
- Option 4: 15% every year – 25% at 25
Bonuses are added to the maturity amount in every option. The option cannot be changed later, so choose carefully.
How this calculator works
- Yearly survival benefit from age 20 to 24 = chosen percentage (0%, 5%, 10% or 15%) of Basic Sum Assured, five payments in all.
- Maturity at age 25 = remaining Sum Assured (100%, 75%, 50% or 25%) plus bonuses.
- Premiums are payable till the child is 20 (premium paying term = 20 − entry age).
- Not included: bonuses, premiums, taxes and riders.
FAQs
Option 4 gives the most money during college years (15% yearly from 20 to 24). Option 1 gives the biggest lump sum at 25. Choose based on when you need the money.
Till the child’s age 20, i.e. premium paying term is 20 minus the child’s entry age.
No. The option is chosen at the proposal stage and cannot be changed afterwards.
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