LIC Jeevan Tarun is a traditional endowment life insurance plan that provides financial protection for your child's future. It offers a combination of death, maturity, and survival benefits.



Key Features:

  • Death Benefit: In case of the policyholder's death during the policy term, the sum assured, vested simple reversionary bonuses, and final additional bonus, if any, are payable.
  • Maturity Benefit: On maturity, a fixed percentage of the sum assured, along with vested simple reversionary bonuses and final additional bonus, if any, is payable.
  • Survival Benefit: Annual payments of a fixed percentage of the sum assured are payable starting from the policy anniversary coinciding with or following the completion of 20 years of age and thereafter on each of the next 4 policy anniversaries.

Eligibility:

  • Age: Child's age must be at least 90 days and not more than 12 years.
  • Premium Payment Term: Premium payment term is up to 20 years.

Benefits:

  • Provides financial protection for your child's future.
  • Offers a combination of death, maturity, and survival benefits.
  • Participates in profits of the Corporation and is entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation.
  • Provides a grace period of 30 days for premium payment.
  • Offers a free look period of 15 days.

Documents Required:

  • Proof of child's age: Birth certificate or other acceptable documents.
  • Proof of identity and address: PAN card, driving license, voter ID, or other acceptable documents.

How to Apply:

You can apply for LIC Jeevan Tarun plan online or through a LIC agent.

Here are the steps on how to apply online:

  1. Visit the LIC website.
  2. Click on the "Buy Online" tab.
  3. Select "LIC Jeevan Tarun" from the list of plans.
  4. Enter your child's details and contact information.
  5. Select your preferred mode of premium payment.
  6. Review and submit the application form.

Here are the steps on how to apply through a LIC agent:

  1. Contact a LIC agent.
  2. Provide the agent with your child's details and contact information.
  3. The agent will assist you in completing the application form.
  4. Submit the application form and make the premium payment.

I hope this information is helpful. Please let me know if you have any other questions.