LIC's Jeevan Tarun Plan 734 Calculator

Plan No. 734 (UIN: 512N299V03) - Estimate your benefits

Child's Age at Entry (Years) Min: 0 (30 days), Max: 12 years (last birthday)

Basic Sum Assured (₹) Min: ₹2,00,000. Auto-adjusts to multiples.

Survival Benefit Option SB % from age 20-24; Maturity % at age 25.

Policy Term (Years) Calculated: 25 - Child's Age

Premium Paying Term (Years) Calculated: 20 - Child's Age

Proposer's Age (Years) Min 18. Rider Term + Age <= 70.

Optional Rider (for Proposer)

Premium Waiver Benefit (PWB) Rider Future premiums waived on proposer's death. (UIN: 512B204V04)

Premium Options

Select a payment mode to see detailed summary below.

GST: 4.5% in 1st year, 2.25% from 2nd year onwards on Base Premium.

Policy Setup

Survival Benefits (Guaranteed)

Annual payments as a % of Basic Sum Assured, from policy anniversary after child completes 20 years of age, for 5 years:

Child's Age at SB	Amount (₹)
Total Survival Benefits Paid:

Maturity Benefit (At child's age 25)

Particulars	@4% p.a. (NG)	@8% p.a. (NG)
Total Maturity

Maturity Value includes SA on Maturity (G) + Vested SRB (NG) + FAB (NG), if any. SRB and FAB are non-guaranteed and depend on LIC's future experience.

Death Benefit Illustration (Estimated)

Particulars	@4% p.a. (NG)	@8% p.a. (NG)
Total Death Benefit

If death occurs after risk commencement (e.g., child age 15): Sum Assured on Death is higher of 125% BSA or 7 times Annualized Premium, subject to 105% of total premiums paid. If death occurs before commencement of risk (if child age < 8 at entry), benefit is Return of Premiums paid (excluding taxes, extra premium, rider premium), without interest. The total death benefit shall not be less than 105% of total premiums paid.

Year-wise (Yearly)

@4% @8%

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Pol. Yr	Age	Premium (₹)	SB (G) (₹)	GSV (G) (₹)	Bonus @4% (NG) (₹)	Bonus @8% (NG) (₹)	Death Ben. @4% (NG) (₹)	Death Ben. @8% (NG) (₹)

Pol. Yr = Policy Year (End), Age = Child's Age (End), SB (G) = Guaranteed Survival Benefit, GSV (G) = Guaranteed Surrender Value, (NG) = Non-Guaranteed. The non-guaranteed benefits (1) are calculated so that they are consistent with the Projected Investment Rate of Return assumption of 4% p.a. (Scenario 1) and 8% p.a. (Scenario 2) respectively. (2) They are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance. Guaranteed Surrender Value (GSV) is shown. Special Surrender Value (SSV) may be higher and is not shown. Death benefit shown assumes death after risk commencement.

Summary & Brochure

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Key Features:

A non-linked, participating, individual, life assurance savings plan.
Designed to meet educational and other needs of children.
Survival benefits payable from ages 20 to 24 years.
Maturity benefit payable at age 25.
Four options to choose for Survival Benefits.
Option to avail Premium Waiver Benefit Rider.

Eligibility:

Minimum Entry Age: 30 days (completed)
Maximum Entry Age: 12 years (last birthday)
Maturity Age: 25 years
Policy Term: (25 - Age at entry) years
Premium Paying Term: (20 - Age at entry) years
Minimum Basic Sum Assured: ₹2,00,000

Download Brochure

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