Jeevan Tarun
( Plan No: 934)
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Plan presentation customised for...
Mr. v
Age: 2
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Sum Assured : 1000000
Term : 23 years.
Premium payment : 18 years.
LIC's Jeevan Tarun is a well designed childrens plan to help meet the future needs
of your child. Several customisation options available in tbe plan makes it a perfect
companion to plan and secure the future needs of your child.
The plan offers insurance coverage of Rs.10,00,000
The plan also offers a tax benefit of Rs.15,641 per annum on the premium paid. The
maturity/survival benefit shall be taxfree u/s 10(10D) of income tax act.
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How the plan works...
Parent of Mr. v pays an annual premium of Rs.50292 for 18 years.
Survival Benefit of Rs. 150000shall be
paid on 20, 21, 22, 23 and 24 ages of Mr. v.
Expected Maturity amount as per the current bonus rates on
25th age shall be Rs. 1535000.
Normal Insurance coverage (sum assured + accrued bonus) for
life assured is available during the term of the policy.
Loan and surrender facility is available after two years and
at least two full-year premium payment.
Income tax rebate available on premium u/s 80C and the
maturity/survival benefit shall be tax free under section 10(10D)
Benefit Pattern Illustration
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Rs.51398
Rs.1535000
Age 2 20 21 22 23 24 Age 25
Rs.150000
Total Premium Total Tax Saved
Paid Returns
906362 2285000 281538
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Maturity Benefit
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Benefits Amount
20th Age: (15% of Sum Assured) 150000
21st Age: (15% of Sum Assured) 150000
22nd Age: (15% of Sum Assured) 150000
23rd Age: (15% of Sum Assured) 150000
24th Age: (15% of Sum Assured) 150000
Bonus* 1035000
Final Addition Bonus* 250000
Approximate Return at 25th Age:
(25% of Sum Assured + 1535000
Accrued Bonus + FAB)
Total Premium Paid 906362
*Bonus rates and Final Addition Bonus(FAB) rates as per the latest declared rates.
Benefit and Coverage Table
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Age Yearly Normal Accident Loan Total
Premium Coverage Coverage Returns
2 51398 0 0 0 0
3 50292 0 0 0 0
4 50292 1385000 1385000 57177 0
5 50292 1430000 1430000 82028 0
6 50292 1475000 1475000 110274 0
7 50292 1520000 1520000 142374 0
8 50292 1565000 1565000 178710 0
9 50292 1610000 1610000 219734 0
10 50292 1655000 1655000 265934 0
11 50292 1700000 1700000 318017 0
12 50292 1745000 1745000 376598 0
13 50292 1790000 1790000 442220 0
14 50292 1835000 1835000 515779 0
15 50292 1880000 1880000 598026 0
16 50292 1945000 1945000 679295 0
17 50292 1995000 1995000 770628 0
18 50292 2045000 2045000 873717 0
19 50292 2095000 2095000 990761 0
20 0 2155000 2155000 1091690 150000
21 0 2220000 2220000 1216156 150000
22 0 2295000 2295000 1250079 150000
23 0 2390000 2390000 1281143 150000
24 0 2535000 2535000 1308677 150000
25 0 0 0 0 1535000
Total Premium 906362 Total Returns 2285000
Premium Chart
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First Year Premium Subsequent Year Premiums
Mode Basic GST @ Total Mode Basic GST @ Total
Premium 4.5% Premium Premium 2.25% Premium
Yearly 49185 2213 51398 Yearly 49185 1107 50292
Half 24859 1119 25978 Half 24859 559 25418
Yearly Yearly
Quarterly 12562 565 13127 Quarterly 12562 283 12845
Monthly 4187 188 4375 Monthly 4187 94 4281
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Plan presentation prepared by:
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Mareppa f Basarikatti
Lic Agent
At.post./Belagali, BELAGALI
E-Mail : [email protected]
Mobile : 9880768747
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The premium shown on the app may vary depending on the applicable underwriting rules. Maturity calculations shown in the app
are based on current bonus rates and may vary based on the Corporations actual experiences. Read the brochure carefully for
more details on terms and conditions.
