LIC’S PLAN NO. 834 JEEVAN TARUN PLAN

HARI SOMAIYA PRODUCTIONPRESENTS

YOUTUBE/HARI SOMAIYA MO. 9909123670

INTRODUCTION

• Lic Jeevan Tarun plan 834 is a Non-linked, with-profits, optional money back plan which was introduced by LIC (Life Insurance Corporation of India).

• It is a limited premium plan specially designed to meet the specific expenses such as

• childrens education, • marriage and • other needs in the future.

YOUTUBE/HARI SOMAIYA MO. 9909123670

Entry Age

• Minimum: 90 days• Maximum: 12 years

YOUTUBE/HARI SOMAIYA MO. 9909123670

Minimum/Maximum Maturity Age

• 25 years

YOUTUBE/HARI SOMAIYA MO. 9909123670

Policy term

• 25 years – Age at entry (years)

YOUTUBE/HARI SOMAIYA MO. 9909123670

Premium Paying Term

• 20 years – Age at entry (years)

YOUTUBE/HARI SOMAIYA MO. 9909123670

Sum Assured (SA)

• Minimum: Rs. 75,000/-• Maximum: No limit• (SA shall be in multiples of• 5,000/- from SA 75,000/- to 1,00,000/-• 10,000/- for SA above 1,00,000/-)

YOUTUBE/HARI SOMAIYA MO. 9909123670

Survival Benefit

Policy Anniversary coinciding with / following the completion of ages

Percentage of Sum Assured to be paid as SB (Survival Benefit)

Option 1 Option 2 Option 3 Option 4

20 to 24 years Nil 5% each year 10% each year 15% each yea

YOUTUBE/HARI SOMAIYA MO. 9909123670

Maturity Benefit

• On Survival of the life assured till the end of the policy term,

• Maturity Benefit = Sum Assured on maturity + vested Simple Reversionary Bonuses + Final Additional Bonus, if any

YOUTUBE/HARI SOMAIYA MO. 9909123670

Options Maturity Benefit

Option 1 100% of Sum Assured

Option 2 75% of Sum Assured

Option 3 50% of Sum Assured

Option 4 25% of Sum Assured

Death Benefit

• On Death before the Date of commencement of risk: Death benefit = Total no. of premiums paid – taxes, extra premium and rider premium (if any)

• On Death after the Date of commencement of risk: Death benefit = ‘Sum Assured on death’ + vested Simple Reversionary Bonuses + Final Additional Bonus, if any.

YOUTUBE/HARI SOMAIYA MO. 9909123670

Premium Waiver Benefit Rider

Entry Age: •Minimum: 18 years•Maximum: 55 years

Term of the Rider: •20 – Age of the child at the time of opting the rider

Maximum Cover ceasing age: •70 years

YOUTUBE/HARI SOMAIYA MO. 9909123670

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YOUTUBE/HARI SOMAIYA MO. 9909123670