LIC Jeevan Tarun (734) — Premium, Benefit Options & Calculator
LIC Jeevan Tarun (734) lets you choose how much of the fund is paid out as annual money-back between ages 20 and 24 versus a lump sum at 25 — four flexible options for a child’s needs. See the premium below.
Calculate my premium →About LIC Jeevan Tarun (734)
LIC Jeevan Tarun is a participating, non-linked children’s plan (entry age 0 to 12). Premiums are paid for a limited period (up to age 20), while cover and benefits run to age 25. Its defining feature is the choice of four Benefit Options that decide the split between annual survival benefits (paid each year from age 20 to 24) and the final maturity lump sum at 25.
Option 1 pays no survival benefit and 100% at maturity; Options 2, 3 and 4 pay progressively larger annual amounts (5%, 10% or 15% of the sum assured) with a correspondingly smaller lump sum. This lets you tune the plan to a child’s likely cash-flow needs.
Key details at a glance
| Plan type | Children’s Money-Back |
| Entry age | 0 to 12 years |
| Policy term | 25 minus child’s age (premiums to age 20) |
| Minimum sum assured | ₹ 75,000 |
| GST on premium | Nil (exempt from 22 Sep 2025) |
Benefits
- Four benefit options: choose 0%, 5%, 10% or 15% of the sum assured as annual money-back from ages 20 to 24, with the balance at 25.
- Limited premium: premiums are paid only until the child turns 20.
- Bonuses: as a participating plan, vested bonuses and Final Additional Bonus add to the maturity benefit.
- Life cover on the child throughout, with optional riders on the proposer.
How much is the premium?
The premium depends on your age, the term or paying period you choose, and the sum assured. The figures here come from LIC’s own official rate tables, so they match LIC’s quotation to the rupee.
Frequently asked questions
What are the four options?
Option 1: no annual money-back, 100% at maturity. Options 2/3/4: 5%/10%/15% of the sum assured paid each year from age 20 to 24, with the remaining lump sum at 25.
Does the option change my premium?
Yes — higher survival-benefit options cost a little more. Pick the option in the calculator to see the exact premium.
What is the entry age and minimum sum assured?
Entry age 0 to 12; minimum Basic Sum Assured ₹75,000.
Is GST added?
No — individual life-insurance premiums are GST-exempt from 22 September 2025.
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Disclaimer: BimaJaano is an independent tool and is not affiliated with the Life Insurance Corporation of India. Premium figures are based on LIC’s published tabular rates and are for guidance; benefit descriptions are summaries of the plan’s official terms. Confirm exact figures and features with LIC before buying.