LIC Jeevan Tarun (Plan 834)- Details with premium and benefit calculators
LIC Jeevan Tarun (Plan 834) – All details with premium and benefit examples. Jeevan Tarun is one of the most popular children’s plans from the public sector insurance major LIC of India. The plan is intended to help parents to meet the Educational and marriage expenses of their children.
Educational plans are becoming more and more relevant in the current scenario where educational expenses are soaring high day by day. Jeevan Tarun is designed in such a way that money back at the desired rate can be obtained from the 20th age to the 25th age of the child. Unlike other money back plans from LIC, the rate of money back obtained can be selected by the customer in this plan. No need to add that this facility offers some degree of flexibility to the plan.
LIC Jeevan Tarun (plan 834) – Salient Features
- Plan to meet the Educational and Marriage expenses of children having age between 90 days and 12 years of age.
- Money-back is available from 20th to 24th years of age of the children.
- The plan matures at the 25th age of the child.
- Premium needs to be paid only up to 20 years of age of the child. (For example: If the child is having 2 years of age, the premium has to be paid only up to 18 years.)
- The maturity amount and survival benefits available are exempted from Income tax under section 10(10D) of the income tax act.
- Tax rebate under section 80 C of Income Tax Act can be availed on the Premium paid.
- Premium Waiver Benefit (PWB) rider is available as an additional option for Jeevan Tarun.
Premium, Maturity amount and Insurance Coverage calculator – LIC’s Jeevan Tharun 834
Jeevan Tarun Calculator – It is a complete online solution to understand the premium, Insurance coverage and benefit details of Jeevan Tarun policy. You can customize the plan illustration based on the age of the child and the premium you can afford.
Premium and Maturity Calculators – LIC’s Jeevan Tarun (Plan-834) | |
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Premium Calculator – Jeevan Tarun | Maturity and Benefit Calculator – Jeevan Tarun |
Now let us have a look at the eligibility conditions and important features of the plan.
LIC’s Jeevan Tarun (834) – Eligibility Conditions and Features | ||
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Condition | Minimum | Maximum |
Age at entry | 90 days (Completed) | 12 Years (Last Birth Day) |
Sum Assured | Rs. 75,000 | No Limit |
Age at entry(PWB Rider) | 18 Years (Completed) | 55 Years (Nearer Birthday) |
Policy Term | 25 – age at entry (Years) | |
Premium Paying Term | 20 – age at entry (Years) |
LIC Jeevan Tarun (834) – Survival Benefit options.
Option | Survival Benefit | Maturity Benefit |
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Option 1 | No Survival Benefit | 100 % Sum Assured + Bonus + FAB |
Option 2 | 5 % of Sum Assured every year for 5 years | 75 % Sum Assured + Bonus + FAB |
Option 3 | 10 % of Sum Assured every year for 5 years | 50 % Sum Assured + Bonus + FAB |
Option 4 | 15 % of Sum Assured every year for 5 years | 25 % Sum Assured + Bonus + FAB |
Sample Illustration of Jeevan Tarun – Children’s plan from LIC.
Let us consider the example to understand the benefits for Jeevan Tarun Plan. Details considered for the illustration are given below.
Parameters considered for Jeevan Tarun – Sample Illustration | |
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Age of Proposer | 35 Years |
Age of Child | 0 Years |
Sum Assured considered | 10,00,000 |
Term of the plan | 25 Years |
Premium Paying term | 20 Years |
Survival Benefit Selected | 15% of Sum Assured |
Yearly Premium with out PWB | 45488 |
Yearly Premium with PWB | 47138 |
Total Approximate Premium Paid | Rs. 9,26,572 |
On completion of the premium paying term which is 20 years in our case, survival benefit at the rate of 15 % of Sum Assured (Rs. 1,50,000) will be available for 5 years. As the policy holder attains 25 years of age the policy matures and the balance of Sum Assured along with Bonus* and Final Addition Bonus* available will be available.

You can understand the full details of LIC Jeevan Tarun from the benefit illustration given below.

Please note that, these illustrations are just sample illustrations to understand the plan details. If you want to get customised benefit illustration based on the details supplied by you, use the links provided below.
Premium and Maturity Calculators – LIC’s Jeevan Tarun (Plan-834) | |
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Premium Calculator – Jeevan Tarun | Maturity and Benefit Calculator – Jeevan Tarun |
Note# *The benefit illustrations shown above are just for understanding the basic details of the plan. Please go through LIC web site for more details. Bonus rates shown in the illustration are based on the bonus rates of Jeevan Tarun Plan for the last financial year. Future benefits could vary based on the experiences of Life Insurance Corporation of India from time to time.