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Table No. 734 (Earlier 934)Child Education FundUIN: 512N299V03

LIC Jeevan Tarun (Plan 734 / 934) Calculator & College Fund Planner

Participating child future assurance. Premium payment stops at age 20. 4 customizable survival payout options to fund higher education between ages 20 to 24 + maturity at age 25.

Policy Parameters

Live Reactive
Years
Eligible Child Age: 90 days to 12 Years
₹5.00 Lakh
₹
Select Survival Benefit Option (Ages 20-24)
Premium Waiver Benefit (PWB)Waives all future premiums if proposer passes away
Annual Premium (0% GST)0% GST Mode
₹24,907
Half-Yearly Mode:₹12,500/half-yr
Pay Duration: 18 Years (Till Child Age 20)
Maturity at Age 25Tax-Free
₹9,17,500
Total College Payouts:₹2,50,000 (5 Yrs)
Total Benefits Received:₹11,67,500
🎓

College & Higher Education Payout Schedule (Ages 20 to 24)

5 annual guaranteed payouts credited to child's bank account:

Annual College Payout₹50,000 / YearPaid at child ages 20, 21, 22, 23, and 24
Final Career Fund at Age 25₹9,17,500 at Age 25Remaining SA + Accrued Bonuses + FAB

Year-by-Year Growth & Milestone Matrix

Till Child Age 25
YrChild AgePremiumCollege PayoutLife CoverSurrenderAge 25 Mat
❓ FAQ & Knowledge Base

LIC Jeevan Tarun (734 / 934) Frequently Asked Questions

Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.

1How do the 4 Survival Benefit Options work in LIC Jeevan Tarun (734)?

At policy inception, parents choose from 4 payout structures: Option 1 (No annual payouts, 100% SA on Maturity), Option 2 (5% SA/yr from age 20 to 24 + 75% Maturity), Option 3 (10% SA/yr from age 20 to 24 + 50% Maturity), or Option 4 (15% SA/yr from age 20 to 24 + 25% Maturity).

2When does premium payment stop in Jeevan Tarun?

Premium payment stops when the child reaches 20 years of age (PPT = 20 minus child entry age). The policy continues till the child turns 25.

3What is the Premium Waiver Benefit (PWB)?

If the parent/proposer opts for the PWB Rider and passes away, all remaining future premiums are completely waived by LIC, while the child continues to receive all college payouts and full maturity as planned.

4What is the eligible entry age for children?

The child entry age is from 90 days to 12 years completed.

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LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).

Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.