LIC Jeevan Tarun
Build a fund for your child's education and future milestones
What is LIC Jeevan Tarun?
LIC Jeevan Tarun (Plan 734, UIN 512N299V03) is a children's plan from Life Insurance Corporation of India. It is a participating (with-profits) plan: the policy earns Simple Reversionary Bonuses that LIC declares from its surplus each year, and may add a Final Additional Bonus when the policy ends.
Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured + bonuses; premium waived for remaining term. On surviving the full term, the policyholder gets: Survival benefits at ages 20-24 + maturity at 25. Along the way: 5% of SA each year from age 20 to 24; lump sum at age 25.
It suits people looking for child education, child future and milestone planning. NRIs can buy this plan too.
Key Highlights
Benefits Explained Simply
Eligibility & Details
Tax Benefits
- Section 80C deduction on premiums
- Maturity tax-free under 10(10D)
Premium Rates (Indicative)
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
Bonus Rate History
Who is This Plan Best For?
Frequently Asked Questions
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.