👶 Jeevan Tarun – 734

LIC Jeevan Tarun (Plan No. 734) is a thoughtfully designed child insurance and savings plan created to secure a child’s future financial needs from a very young age. This plan helps parents build a dedicated fund for important milestones such as higher education, professional studies, marriage, or setting up a career or business.

Every parent dreams of giving their child the best possible future. However, rising education costs and uncertainties make early financial planning essential. Jeevan Tarun provides a structured, disciplined, and guaranteed way to accumulate funds over the long term while ensuring that the child’s financial goals are protected even if the parent is not around.

Key Features of LIC Jeevan Tarun – 734

• Child-Centric Plan: Designed exclusively for children aged 0 to 12 years.
• Flexible Survival Benefit Options: Parents can choose how much payout is required between ages 20 to 24.
• Maturity Benefit at Age 25: Lump-sum amount payable when the child reaches 25 years.
• Waiver of Premium Benefit: In case of parent’s death, future premiums may be waived (as per option chosen).
• Participating Plan: Eligible for simple reversionary bonuses and final additional bonus.
• Long Policy Duration: Allows long-term wealth accumulation.
• Multiple Premium Payment Modes: Yearly, half-yearly, quarterly, or monthly.
• Tax Benefits: Premium under Section 80C and benefits under Section 10(10D).
• LIC Trust: Backed by Life Insurance Corporation of India.

Benefits of LIC Jeevan Tarun

✔ Guaranteed Financial Support for Education: Structured payouts between ages 20–24 help fund college and professional studies.

✔ Lump Sum for Major Life Goals: Maturity benefit at age 25 supports marriage, business setup, or career launch.

✔ Protection of Child’s Future: Even if the parent is no longer present, the child’s financial goals remain protected.

✔ Disciplined Long-Term Savings: Encourages parents to save consistently over many years.

✔ Bonus Advantage: LIC bonuses enhance the final payout and long-term value.

Examples & Calculations

Let us understand how LIC Jeevan Tarun – 734 works with a simple and realistic example.

• Child’s Age at Entry: 2 years
• Policy Term: 23 years (till age 25)
• Sum Assured: ₹10,00,000
• Premium Paying Term: 20 years
• Annual Premium (Approx): ₹38,000 – ₹42,000

Total Premium Paid:
₹40,000 × 20 years = ₹8,00,000 (approx)

Survival Benefits (Education Phase):
Age 20: ₹1,00,000
Age 21: ₹1,00,000
Age 22: ₹1,00,000
Age 23: ₹1,00,000
Total Education Support: ₹4,00,000

Maturity Benefit (Age 25):
Remaining Sum Assured + Accrued Bonuses
Total Maturity Amount: ₹10,00,000 – ₹12,00,000 (approx)

This amount can be used for marriage, higher studies abroad, starting a business, or any major responsibility.

Parent Death Scenario:
If the parent passes away during the policy term, future premiums may be waived and the policy continues. The child still receives all survival benefits and maturity amount.

Premium and benefit figures are indicative and may vary based on age, Sum Assured, and LIC bonus declarations.

Who Should Buy LIC Jeevan Tarun?

✔ Parents with young children

✔ Families planning for higher education expenses

✔ Parents seeking guaranteed, risk-free child savings

✔ Anyone who wants child’s future protected under all circumstances

Conclusion

LIC Jeevan Tarun – 734 is one of the most reliable and child-focused insurance plans offered by LIC. It ensures that a child’s education and future goals are never compromised due to financial uncertainty. With structured payouts, bonus benefits, and long-term protection, this plan offers parents complete peace of mind.

For parents who want to plan early, save smartly, and protect their child’s dreams under all circumstances, Jeevan Tarun stands out as a trusted, disciplined, and future-ready solution.