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Child PlansPlan 734NRI Eligible

LIC Jeevan Tarun

Build a fund for your child's education and future milestones

What is LIC Jeevan Tarun?

LIC Jeevan Tarun (Plan 734) is a child plans plan from Life Insurance Corporation of India. In simple terms: build a fund for your child's education and future milestones. You also get survival benefits: 5% of sa each year from age 20 to 24; lump sum at age 25.

Key Highlights

Money at age 20, 21, 22, 23, 24, exactly when kids need it
If parent passes away, premiums are waived
Bonuses accumulate over the long term
Start from child's birth

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + bonuses; premium waived for remaining term

When the Plan Matures (Maturity Benefit)

Survival benefits at ages 20-24 + maturity at 25

Money You Get During the Plan (Survival Benefit)

5% of SA each year from age 20 to 24; lump sum at age 25

Eligibility & Details

Minimum Entry Age0 years (last birthday)
Maximum Entry Age12 years
Minimum Sum Assured₹75,000
Policy Term25 years
Premium Paying Term13, 16, 19, 22, 25 years
Bonus Typesimple reversionary
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age1 years2 years3 years4 years
0 yrs₹9,114₹9,310₹9,516₹9,722
4 yrs₹11,505₹11,809₹12,113₹12,407
8 yrs₹15,464₹15,925₹16,386₹16,846
12 yrs₹22,854₹23,628₹24,392₹25,166

VERIFIED from official LIC Sales Brochure (effective 22/09/2025). Child plan. Premiums for ₹2 lakh BSA, standard lives. Columns show 4 survival benefit options: Option 1 (Nil survival, 100% maturity), Option 2 (5%/yr ages 20-24, 75% maturity), Option 3 (10%/yr ages 20-24, 50% maturity), Option 4 (15%/yr ages 20-24, 25% maturity). PPT = (20 minus child's age). Policy term = (25 minus child's age). Exclusive of taxes.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

Select a plan with available rates to see an illustration.

Bonus Rate History

Simple Reversionary Bonus (₹ per ₹1,000 of Sum Assured per year)

2025

₹47

2024

₹46

2023

₹44

2022

₹42

2021

₹42

2020

₹40

Child plan. Bonuses accumulate and are paid along with survival benefits at ages 20-24 and maturity at age 25.

Who is This Plan Best For?

child educationchild futuremilestone planning

Frequently Asked Questions

What is LIC Jeevan Tarun (Plan 734)?

LIC Jeevan Tarun is a child plans plan from Life Insurance Corporation of India. Build a fund for your child's education and future milestones.

What is the eligibility age for LIC Jeevan Tarun?

Entry age is between 0 and 12 years. Policy term: 25 to 25 years. Premium paying term: 13 to 25 years.

What is the minimum sum assured for LIC Jeevan Tarun?

Minimum sum assured is ₹75,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Jeevan Tarun?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Jeevan Tarun available for NRIs?

Yes. LIC Jeevan Tarun is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Jeevan Tarun?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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