Jeevan Tarun (Plan No.: 934)
"Don't wait! The earlier you start saving, the more your child will benefit in the long run."
It is a money-back guarantee policy that provides good returns in the form of survival benefits at the ages of 18, 20, and 22 of a child to cover higher education costs. Children between the ages of 0 and 12 years can purchase a policy with a maturity age of 25 years. The life of a child while the policy is in effect is also covered by this plan.
So, What you are waiting for ? Fill your details to select the Plan.
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Product Specification:
| Minimum | Maximum | ||
Entry Age (Last Birthday) of Child | 90 days | 12 years | |
Maturity Age (Last Birthday) of Child | – | 25 years | |
Maturity Age (Last Birthday) of Proposer | – | No Limit unless Premium Waiver Benefit rider has been opted for | |
Policy Term (PT) in years | 25 – Age at the entry of the child | ||
Premium Paying Term (PPT) in years | 8 | 20 | |
Premium Paying Frequency | Annual, half-yearly, quarterly, and monthly | ||
Sum Assured | Rs 75000 | No Limit | |
Premium Waiver Benefit (PWB) Rider – optional
Minimum Entry Age : 18 Years (completed)
Maximum Entry Age : 55 Years (Nearer Birthday)
Maximum cover ceasing age : 70 Years (Nearest Birthday)
Maturity Benefits:
| Option | Survival Benefit | Maturity Benefit |
| Option 1 | No Survival Benefit | 100 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
| Option 2 | 5 % of Sum Assured from Age 20 Years to 24 Years | 75 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
| Option 3 | 10 % of Sum Assured from Age 20 Years to 24 Years | 50 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
| Option 4 | 15 % of Sum Assured from Age 20 Years to 24 Years | 25 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
Eligibility Conditions:
Minimum Sum Assured | Rs. 75,000 |
Maximum Sum Assured | No Limit |
(The Sum Assured shall be in multiples of 5,000 from Sum Assured 75,000 to 100,000 and 10,000/- for Sum Assured above 100,000) | |
Minimum Age at entry | [90] days (last birthday) |
Maximum Age at entry | [12] years (last birthday) |
Minimum/ Maximum Maturity Age | [25] years (last birthday) |
Policy Term | [25 – Age at entry] years |
Premium Paying Term (PPT) | [20 – Age at entry] years |
