LIC Jeevan Tarun Policy

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LIC Jeevan Tarun Policy (Plan No.834) 
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• LIC Jeevan Tarun: LIC Jeevan Tarun Policy (Plan No.834) is an optional money back policy introduced by LIC of India. LIC Jeevan Tarun Money back policy is a non-linked, with profits plan which is specially designed for children to meet their financial problems and their educational and marriage needs. LIC Jeevan Tarun Policy (Plan No.834) is a limited premium payment money back plan. LIC Jeevan Tarun money back Plan No.834 is a flexible plan which provides all types of benefits such as Death benefits, Maturity benefits, Survival benefits. Under this LIC Jeevan Tarun Policy 834, LIC’s Premium Waiver benefit rider is also available by paying additional premium..
• Sum Assured : Min: Rs.75,000 , Max: No limit
• Maturity Benefit :  

• Death Benefit : Sum Assured + Accrued Bonuses + FAB.
• Premium waiver rider: If this rider is opted for, in case of death of the proposer, the payment of the premiums falling due after the date of death shall be waived.
• Loan: loan can also be availed after 3 full years of the payment of premiums.
• Entry Age of Policyholder: Child Min Age: 0 Years, Max Age: 12 Years.
• Policy Term: (25 minus age at entry) years.
• Premium Paying Term: 20 years – Age at entry (years)
• Grace Period: 30 days for all modes.
• Mode of Premium payment : Yearly, Half Yearly, Quarterly, Monthly(ECS through salary deduction).
• Surrender Value: Can be surrendered at any time during the policy term provided premiums have been paid for full three years.
• Income Tax Reduction : Available under Section 80C.
• Rebates: Mode Rebates > 2% for Yly & 1% for Hly.
• High SA Rebates: 2 Lacs to 4.90 Lacs=2%, 5 Lacs & above= 3%