Jeevan Tarun

This plan has been specifically tailored to fulfill your child’s career needs. You have the flexibility to choose the nature of pay-outs according to your child’s requirements. The plan offers the option of receiving benefits in installments or as a lump sum, based on your preference. Additionally, this plan provides a guaranteed risk cover of 125% of the Sum Assured. The premium payments for this plan are limited to a specific period. Upon maturity, the child receives the Sum Assured along with Vested Bonus and Final Bonus, if applicable. Furthermore, this plan includes a premium waiver benefit, where LIC covers the premium payment in the event of any unfortunate incident. Policyholders also have the option to receive the Maturity proceeds in installments, with flexible durations of 5, 10, or 15 years. Similarly, the policyholder can choose to receive the death benefit in installments. LIC also offers premium discounts for policyholders who opt for the Yearly mode of payment. Additionally, after completing 1 year of the policy, the policyholder can avail a loan against the policy.