LIC Jeevan Tarun provides a great combination of protection and savings to meet the future needs of a child through this plan. This plan was created to ensure a child’s brightest future and save money for expenses such as higher education and sports coaching fees.

You have four options for survival benefits.

The plan provides survival benefits payments for people between 20 and 24 years old, as well as a maturity benefit at 25 years. You can also borrow against accrued surrender values.

Features of LIC Jeevan Tarun

  • It is a non-linked, participating premium pay plan
  • Plan for children offers a mix of protection and savings features
  • Children under 25 years old receive a Maturity Benefit
  • The plan offers 4 options for survival benefits
  • A parent or grandparent can purchase a plan for a child between the ages of 0 and 12 years.
  • For children aged less than 8 years, the date of risk commencement is 2 years. The risk begins immediately for those who are 8 years old.

Benefits of LIC Jeevan Tarun

Death Benefit

If death occurs within the policy term

Before the risk of death: In such cases, the death benefit is the sum of all premiums paid. This excludes taxes and rider premiums. This amount will not be subject to interest.

The death benefit will be paid by the company if all premiums are regularly paid and the policy remains active. Sum assured on death will include vested Simple Reversionary Bonuses and the Final Additional Bonus. The sum assured will be stated as the greater of 10 times annualized premiums, or the absolute amount to be paid on your death. This is equal to 125% of what you have assured. The death benefit payable must not be less than 105% of all premiums paid on the date of death. All taxes, additional or rider premiums are excluded from the premiums.

Survival Benefit: The Survival benefit issues a fixed sum guarantee which can be selected during the proposal period. This amount will be due upon completion of the 20-year policy term and on each of the subsequent four policy anniversaries.

Source –

Maturity Benefit: A fixed percentage of the sum assured will be paid upon maturity if the life assured is still alive at the end of the policy term. Below is a table that explains the fixed percentage of each option.

Participation In Profits Benefit: This plan allows you to take part in the corporation’s profits, receive simple reversionary bonuses and any additional bonus if you claim by death or maturity as long as your policy is in force.

Eligibility Criteria

Minimum Sum Assured – INR /75,000-

Maximum Sum Assured – NA

Minimum age – 90 days (from your last birthday).

Maximum age – 12 Years (from your last birthday).

Minimum/Max Maturity Age: 25 years (from your last birthday).

Policy Term/Maturity 25 years (applicable age)

Riders offered by LIC Jeevan Tarun

LIC Premium Waiver Rider: LIC Jeevan Tarun offers an optional rider to provide additional protection and a premium increase. The policy remains active until the term chose if the subscriber, which is the grandparent or parent who pays the premium, dies.

Additional details about LIC Jeevan Tarun

Revival period: If the policy has expired, it can be renewed. The renewal period is less than 2 years after the last payment of the premium.

No-cost Look Period: This plan offers a 15-day free look period starting from the date you receive the policy bond. You can return the policy to the company stating your objections. The policy cancels upon receipt.

Surrender Value: To build the surrender value, the policy must be in force for at least 2 years (if the policy term is less than 10 years) and at most 3 years (if the policy term exceeds 10 years). The guaranteed surrender value is a percentage of the total premiums paid, excluding riders’ premiums and extra premiums.

Loan on Policy: The policy’s surrender value and terms and conditions can be used to obtain a loan. Terms and conditions are subject to change at any time.

Exclusions from the LIC Jeevan Tarun plan

Suicide: The policyholder who commits suicide within twelve months of the date of the policy’s inception will not be paid any death benefit amount. Only if the policy has been in force, the company will return 80% of all premiums paid, excluding taxes, extra premiums, and rider premiums other than Term Assurance Rider.


LIC Jeevan Tarun, an endowment plan by LIC of India, is designed to ensure children’s ability to pursue higher education. Flexible payment options are available with different percentages of payouts. The plan is well-designed with bonus additions to grow the fund and waiver of premium benefit riders to protect the child’s future in the event of the death of the policy’s proposer. It is a well-designed and efficient child benefit endowment plan.