money back

LIC's Jeevan Tarun

Plan 734UIN 512N299V03

A child-oriented money-back product currently listed by LIC.

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At a glance

Key highlights

Plan type

Money Back

Plan number

734

Who should consider this plan?

child education, child marriage

Eligibility and policy information

Eligibility and policy information for this plan
minimum Entry Age	[30] days (completed)
maximum Entry Age	[12] years (last birthday)
minimum Maturity Age	[25] years (last birthday)
maximum Maturity Age	[25] years (last birthday)
policy Term	[25 – Age at entry] years
premium Paying Term	[20 – Age at entry] years
minimum Sum Assured	` 2,00,000.
Premium modes	Yearly, Half-Yearly, Quarterly, Monthly
Loan available	Yes
Surrender available	No

Benefits and riders

Death benefit

Death Benefit payable on death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, shall be “Sum Assured on Death” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Where “Sum Assured on Death” is defined as Higher of 7 times of annualized premium or 125% of Basic Sum Assured. This Death Benefit shall not be less than 105% of the total premiums paid upto date of death. Where, i. "Annualized Premium” shall be the premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums ii. “Total Premiums Paid” means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly. In case LIC’s Premium Waiver Benefit Rider is opted for, in the

Maturity benefit

at the age of 25 years. The plan can be purchased by any of the parent or grandparent for a child aged 0 to 12 years. The proposer can choose the proportion of