LIC Jeevan Tarun Policy 834 – Securing Future of Your Child

LIC Jeevan Tarun Plan is a child insurance money back plan mainly build to provide enough corpus for child future expenses like education, marriage etc. This is a typical Child Money Back Plan with limited premium payment term under the name of “Jeevan Tarun” (Plan no. 832). LIC has also launched another child plan LIC New Children’s Money Back Plan Table No. 832 which is little different compared to Jeevan tarun. In this article we will share everything about jeevan tarun 834 key features & benefits, jeevan tarun premium calculator, jeevan tarun review, jeevan tarun agent commission, jeevan tarun brochure details, jeevan tarun maturify benefits and many more info.

lic jeevan tarun plan

LIC Jeevan Tarun Policy (Plan No.834) Eligibility Conditions

Entry Age (in Years)
  • Minimum – 90 days (Completed)
  • Maximum – 12 years (last birthday)
Maximum Maturity Age
  • Maximum – 25 Years (last birthday)
Policy Term
  • (25 – Entry Age ) (in years)
Sum Assured (SA)
  • Minimum – Rs. 75,000
  • Maximum – No limit


  • (From Rs. 75,000 – 1,00,000) – SA (in multiples of Rs. 5000)
  • Above Rs. 1,00,000 – SA (in multiples of Rs. 10,000)
Premium Paying term (PPT)
  • (20 – Entry Age) (in years)

LIC Jeevan Tarun Plan: Death Benefits, Maturity & Survival Benefits

Death Benefits:

1. If death of the life assured (child) occurs before the commencement of risk, amount equals to all premiums paid (excluding taxes, extra premium and rider premium) will be paid.

2. If death of the life assured (child) occurs after the commencement of risk, amount equals to Sum Assured + Simple Revisionary Bonuses + Final Additional Bonus (if any) will be paid.

Maturity benefits of the Jeevan Tarun policy is paid to the life assured (child) in the last 5 years of policy i.e. from 20 year to 24 year of age of the child.

Option Name Maturity Benefit
Option 1 100% of Sum Assured
Option 2 75% of Sum Assured
Option 3 50% of Sum Assured
Option 4 25% of Sum Assured

Survival Benefit: A fixed percentage of Sum Assured shall be payable on each policy anniversary coinciding with or immediately following the completion of 20 years of age and thereafter on each of next four policy anniversaries. These fixed percentages shall depend on the Option chosen at the proposal stage and for various Options the percentages are as given below:

Policy Anniversary coinciding/ following completion of ages

Percentage of Sum Assured to be paid as Survival Benefit

Option 1

Option 2

Option 3

Option 4

20 to 24 years


5% each year

10% each year

15% each year

Policyholder has to opt for any one of the options above at the proposal stage only.

LIC Jeevan Tarun Policy (Plan No.834) Premium Calculator

LIC Jeevan Tarun Policy No.834 Premium Calculator will help you to calculate the premium amount that you have to pay as per the desired sum assured value. Get the calculator from LIC of India website.

For more details visit LIC Jeevan tarun official page now.

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