LIC Jeevan Tarun Plan (Table No: 834)

LIC’s Jeevan Tarun (Table No: 834) is children money back plan which is specially designed for securing children education. This plan gives options to choose survival benefit and helps to ensure financial requirements of child education from 20 to 25 years of child age. This plan can be purchased by parent or grand parent for their 0-12 year old child and very useful with premium waiver rider which provides premium waiver in case of death of guardian (proposer) during policy term.

Key Features

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

Eligibility Conditions

Age of Entry 90 days to 12 years
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Calculate Premium
Policy Term 25 - Age at Entry (20 years in case of 5 year old child)
Premium Paying Term 20 - Age at Entry (15 years in case of 5 year old child)
Sum Assured 75000 and above (in multiples of 10000)
Premium Payment Mode rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
High Sum assured Rebate (per Thousand of SA) Rs. 0 on 75,000 to 1,90,000
Rs. 2 on 2,00,000 to 4,90,000
Rs. 3 on SA on 5,00,000 and above
Loan After 2 Years for less than 10 year term & 3 years for more than 10 year term
Surrender After 2 Years for less than 10 year term & 3 years for more than 10 year term
Revival Within 2 Years of Lapse


Starting of Risk

  • In case, the child is less than 8 year old, then, life cover will start 2 year after policy purchase or completion of 8 year of age, whichever is earlier.
  • Example, if child is 2 year old, then life cover (risk) will start after 2 year i.e. when child will become 4 year old and if child is 7 year old then, risk will start when child becomes 8 year old i.e. that is one year after purchasing policy.
  • If child is 8 year old at the time of buying policy then, risk will start immediately.

Death benefits

  • If death of child happens before start of risk, all premiums paid excluding taxes will be paid to nominee as death claim.
  • If death of child happens after start of risk, then Sum Assured on death (125% of sum assured) + Bonus + FAB will be paid to nominee as death claim.

Maturity benefit

There are four options available to take the maturity on survival which gives the flexibility to plan and secure future requirements from 20 year of age to 25 year of age child. The four option are explained in following table.

Option From 20 -24 year of age At 25 Year of Age
1 0 100% of SA + Bonus + FAB
2 5% of SA 75% of SA + Bonus + FAB
3 10% of SA 50% of SA + Bonus + FAB
4 15% of SA 25% of SA + Bonus + FAB

Premium Waiver Benefit Rider (PWB)

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

Jeevan Tarun plan with Example

To Illustrate the benefits of Jeevan Tarun plan, Lets take an example of a who is 32 year old and who is purchasing this plan for his 3 year old child.
Father (Proposer) Age : 33 Years
Child Age: 3 Years
Sum Assured: Rs. 5,00,000
Policy Term: 23 (25-3) Years
Premium Paying Term: 17 (20-3) Years
Policy Purchase Year: 2015

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.

Options Premium (yearly) From 20 -24 year of age At 25 Year of Age
1 25451 0 1103000
2 26145 25000 Each year 978000
3 26865 50000 Each year 853000
4 27560 75000 Each year 728000

With the help of above example, we can understand that Jeevan Tarun plan allows to plan children education and marriage needs from 20 to 25 year age.

Comments & Reviews

Wrote : 29-03-2018 19:25:20

Please inform me, In case of Proposer death after 1 year or 2 year from buying this policy and anybody of family would not able to continue the policy. Then what is the return on maturity ? Is it 100% return on Maturity or not ? Is there any hidden condition ? Please inform briefly. I want to buy this policy for my 3 year Daughter.

Replied : 30-03-2018 12:25:36
If the policy has been taken with premium waiver rider and proposer's death happens during premium paying term (for example 1 or 2 year after taking policy), then further premium will be waived off and all benefits will be paid to child( policy holder) at the time of money back and maturity.

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Wrote : 18-11-2017 01:50:58

Hi Sir, I am staying in USA and planning to buy Jeevan tarun plan for my daughter, she is a american citizen and now she is 6 months old my age is 34 years and I am Indian resident. So can I avail this plan for her? If yes can I avail this from here and do documentation through email? Please assist.

Replied : 20-11-2017 01:16:33
Hi, You take this plan for your daughter ancestral proof of India will be required.

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Wrote : 26-10-2017 13:11:29

Hello team I have taken this policy for my child on quaterly basis..Can I take tax benefit on it..

Replied : 27-10-2017 12:34:04
Yes, you can claim tax exemption under 80c.

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Wrote : 16-10-2017 15:40:37

Sir, please let me know if maturity amount of this policy wil be credited to individual account of Child or Joint A/c of Child with Mother or Father . We have to open the A/c of Child for getting the credit. so Individual a/c is must or u can credit the joint a/c also

Replied : 16-10-2017 20:22:21
Maturity benefit is supposed to be paid to child and at the time of maturity or receiving moneyback, child will attain 18 years of age.

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Wrote : 19-07-2017 09:00:01

Thanks for this informative post. If I buy this plan with Premium Waiver Benefit Rider (PWB), where can I verify my policy has this rider benefit. Where do I need to check if this rider is included with my policy or not? Thanks!

Replied : 19-07-2017 09:51:45
You may find it on your policy document. Another way to verify is by calculating premium with and without PWB, here is link to Premium Calculator.

Wrote : 19-07-2017 10:08:23

Thank you! So, to verify it on the policy document - Do you think the UIN of the rider should be mentioned on the first premium receipt along with the plan UIN?

Replied : 19-07-2017 10:13:29
Yes, you may look Premium Waiver Benefit Rider (UIN: 512B204V01).

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Wrote : 17-07-2017 12:44:14

Can maternal grand father of the age of 65 yrs be the proposer.

Replied : 17-07-2017 23:27:20
No, maximum proposer age is 55 years for availing premium waiver benefit (PWB). Generally maternal relatives are not allowed for proposer

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Wrote : 31-05-2017 21:15:21

What is the Minimum amount to be paid yearly. My Son's age is 1yr 3months. How many premium will I have to pay if I pay yearly. At maturity what amount will he get back.

Replied : 31-05-2017 22:12:38
Please use Premium calculator to calculate your premium yourself.

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Wrote : 17-05-2017 12:33:35

I am 30 year old. Can I take jeevan tarun policy for son who is 2 and half years old.

Replied : 17-05-2017 12:58:16
Yes, you can.

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Wrote : 26-03-2017 12:17:14

My policy was started from last 2 years but, there is a spelling error in my daughter name. Please advice how to rectify this or any problem will come at the time of maturity?

Replied : 26-03-2017 13:24:57
You should contact your branch for correction as benefits will be transferred to her account which should in same name as printed in LIC documents. It suggested to get it corrected early.

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Wrote : 24-02-2017 03:34:15

i am in USA , i want to take this policy to my son who sis 10 years old and my age is 41 yrs. could you please advise me how to take this jeevan tarun policy

Replied : 24-02-2017 07:01:22
You can take this policy at the time of next visit to India.

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Wrote : 29-01-2017 18:32:13


Replied : 29-01-2017 18:46:58
Mother and father below 55 can be proposer for availing premium waiver benefit. Karta of HUF can also be proposer.

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Wrote : 24-01-2017 08:34:55

Premium Waiver Benefit Rider (PWB) have any education band?

Replied : 24-01-2017 16:01:17
There are categories which are allowed up to certain sum assured without any medical tests. The educational qualification is also considered as basis to qualify these categories. PWB is also a risk cover, so it may require for deciding how much sum assured PWB can be given.

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Wrote : 22-01-2017 10:55:09

I am 60 year old retired RLY employee. Can I take jeevan tarun policy for my daughter's baby who is 3 years old.

Replied : 22-01-2017 11:18:21
No sir, maximum age for being proposer is 55. You can pay premiums but wont get 80c Benefit in tax exemption.

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Wrote : 11-01-2017 15:04:56

Hi I am from uk and wanted to buy this for my daughter who is 5 year and 5 months. My age is 36 years and I am resident of UK. My husband is Indian resident and his age is 38. Can we buy this policy to secure her future?

Replied : 11-01-2017 17:23:28
NRI and Overseas Citizens of India (OCI) can buy this policy.

Wrote : 10-02-2017 10:57:29

You must start children policy lic Jiban tarun as nri but the document regarding nri is required.

Replied : 10-02-2017 16:40:43
Visa will be considered as proof of NRI.

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Wrote : 10-01-2017 20:27:16

In Jeevan Tarun Plan if some body forget to get PWB at the time of purchase of Policy, can he get PWB lateron

Replied : 11-01-2017 00:01:09
Yes, you can get it added to your basic plan. Kindly contact policy issuing branch.

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Wrote : 09-01-2017 20:43:36

Being grandfather of 65 Yrs, can he gets Jeevan Tarun Policy with PWB for grandson

Replied : 10-01-2017 07:33:18
Maximum age for proposer and availing premium waiver benefit (PWB) is 55 years, so it is not possible in your case.

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Wrote : 05-01-2017 12:59:27

I want to please clarify details in telugu

Replied : 05-01-2017 14:35:04
I do not know telgu. Please find someone who knows telgu and english and get it explained.

Wrote : 27-01-2017 15:02:18

1.pillala age ; 90 days to 12 years poorti kavali. 2.father or mother age; 55 cross kakudadu. 3.pillala and father birth /school certificate kavali. 4.premium pillala age 20 years ninde varaku katali. 5.pillala age 25 years nindaka total amount vastundi. 6.oka vela father risk jarigite next year nundi premium kattalsna avasaram ledu . 7.pillala ki 8 years nundi leda policy chesina 2 years tarvata risk vuntundi. 8. pillala ki risk modalainaka death jarigite poorti anaga policy amount estaru. enni laxalaki policy cheste adantha estaru......i tried to explain ....

Replied : 27-01-2017 15:10:40
Thank a lot RAJA !!

Wrote : 27-01-2017 15:12:17

sir VUSHMAN VALI GARU mail vunte cheppandi lic telugu BROCHER pampistanu

Replied : 27-01-2017 15:19:10
Sorry !! I am not getting You.

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Wrote : 10-12-2016 19:44:36

Is jeevan Sarah table no. 165, existing today, if I plan to buy it, is it possible..

Replied : 10-12-2016 22:07:52
No, this plan is closed.

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Wrote : 21-11-2016 21:29:44

my brother bought this policy on 27/07/2015 he paid two premiums of 24998 rupees and sum assured was 500000/- unfortunately my brother passed away suddenly now what i should do ???

Replied : 21-11-2016 22:09:52
Please approach policy issuing branch they will assist you in completing all required formaliies. Death certificatie, original policy document and photo id and bank details of nominee will be required.

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Wrote : 09-11-2016 12:36:09

Sir/madam, With an intention to get Jeevan Tarun policy for my child I submitted application form with required documents through my agent to LIC and paid Rs.1,08, 416/- by a cheque to which I got a receipt (without cheque number in it). Now I got a call from the Development Officer of LIC asking for my insurance policy details (which I had furnished earlier) with an emphasis that my policy value must be equivalent to the sum assured for my child. (25 lakhs) He is suggesting that I must invest now to meet this requirement. Affordability is a question for me and is it a requirement as per LIC? Neither this condition is reflected in the application form nor my agent knew or the officer specified before collecting cheque. Please clarifiy

Replied : 10-11-2016 15:51:15
Yes, In case of higher sum assured (above 10 Lakh) for child, father (proposer) requires to have risk cover higher than that of child. You can look for Term Insurance (Amulya Jeevan 2) which will have very low premium for this propose.

Wrote : 17-03-2017 12:46:58

Pls fwd telugu brocher sir.jeevan tarun

Replied : 17-03-2017 16:56:33
Do not have info in Telugu.

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Wrote : 06-11-2016 23:42:50

Hi, please confirm tax rebate benefit available on maturity amount(as per calculator) or will be paid after tax.

Replied : 07-11-2016 10:45:45
Maturity will be tax free under section 10(10D).

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Wrote : 22-10-2016 17:19:06

My age 33 child age 3 Can I get this plan for 10 lakh sum assured. I Don't have any lic policy as of today.

Replied : 22-10-2016 18:49:58
You can take this plan.

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Wrote : 12-10-2016 18:29:10

My age 20 year 20se24 sal tak mai jeevan tarun policy ka labh lena chahta hu to form ke bare me jankari chahiye thi

Replied : 12-10-2016 18:38:49
24 years age k liye ye policy nahi hai. ye ek Child plan hai 0-12 years k liye.

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Wrote : 23-07-2016 18:18:58

Is payment installment depends upon father's age? Please clarify.

Replied : 24-07-2016 13:14:36
If you take premium waiver rider, then premium will also depend upon the age of father, else it will depend upon child age.

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Wrote : 19-07-2016 09:38:09

what is the premium of 100000

Replied : 19-07-2016 14:34:07
Age and term?

Wrote : 19-07-2016 14:58:02

4 years child

Replied : 19-07-2016 15:19:55
Premium Calculator is available for this plan in premium calculator menu , please use it.

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Wrote : 16-07-2016 16:48:11

SIR,can benefits of two insurance policies can be clubbed?? for ex. if i have 2 life insurance policies with sum assurity of 3lac and 2 lac.than on my death my family will recieve 5 lacs or 3 lacs or 2 lacs

Replied : 17-07-2016 19:50:35
The maturity will be received from both the policies.

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Wrote : 14-07-2016 14:47:21

Tell me .how I can take premier waver benefits in policy

Replied : 14-07-2016 19:28:40
Contact your policy issuing branch for the same.

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Wrote : 14-07-2016 11:09:52

sir i have not choose pwd benifit. can i choose pwd benifit now.

Replied : 14-07-2016 11:52:55
Yes, you can take it.

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Wrote : 07-07-2016 20:48:11

Mother as a proposer can take this plan for her daughter, even daughter has a father

Replied : 08-07-2016 00:23:07
Yes, Mother can be proposer.

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Wrote : 19-06-2016 10:19:05

Sir Pl tell me whether life insurance of proposer(parent)is essential for taking jeevan tarun policy of their child with or without PWB rider. Ajay kumar seth

Replied : 19-06-2016 16:00:55
Without proposer and pwb, this policy will be of no use. Suppose if child does not have source of income and death of proposer occurs then who will pay the premiums if pwb is not opted for.

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