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LIC — Money Back Plans
LIC's Jeevan Tarun (Plan 734)
Premium
₹50/Day
Sum Assured
₹1 Lakh - No Limit
Term
25 years (from child's birth)
Premium Paying
20 Years
Key Features
20% of SA paid at ages 20, 22, 24, and 26 (4 survival benefits)
Remaining 20% + bonus paid at maturity (age 27)
Premium waiver if proposer dies
Life cover continues for child even without premium
Bonus participation throughout
Loan facility available
Tax benefits under Section 80C & 10(10D)
Benefits
Maturity Benefit
Sum Assured + Vested Reversionary Bonuses + Final Additional Bonus
Death Benefit
Sum of remaining survival benefits + Vested Bonuses + Death Benefit (not less than 105% of premiums paid)
Available Riders
Premium Waiver Benefit RiderAccident Benefit Rider
Eligibility
Child: 0-13 years, Proposer: 18-50 years. Min SA ₹1 Lakh.
Highlights
Children's plan with money back at higher education and career start milestones