What are the benefits of LIC’s Jeevan Tarun Plan?
LIC's JEEVAN TARUN is a participating, unlinked, restricted premium payment plan that offers an attractive combination of protection and saving features for children. This plan is specifically designed to meet growing children's educational and other needs through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at age 25. It is a flexible plan in which the proposer can select the proportion of Survival Benefits to be used during the policy period as per the following four options at the proposal stage: Option Survival benefits Maturity benefits Option 1 No survival benefit 100% of Sum Assured Option 2 5% of Sum Assured every year for 5 years 75% of Sum Assured Option 3 10% of Sum Assured every year for 5 years 50% of Sum Assured Option 4 15% of Sum Assured every year for 5 years 25% of Sum Assured Benefits available under an in-force po...