Are you looking for a smart and secure way to invest in your child’s future? Look no further than LIC’s Jeevan Tarun! This unique plan offers not only financial security but also a host of benefits tailored specifically for children. And if you want to understand the premium structure better, we have got you covered with our Jeevan Tarun Premium Chart PDF. In this blog post, we will walk you through everything you need to know about Jeevan Tarun and how to use the premium chart effectively. So let’s dive right in and explore the world of Jeevan Tarun together!
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What is Jeevan Tarun?
Jeevan Tarun is a child insurance plan offered by LIC (Life Insurance Corporation of India). It is designed to provide financial security and savings for your child’s future needs. The plan offers flexibility in selecting the premium amount, policy term, and benefit options.
One of the key features of Jeevan Tarun is that it provides survival benefits at various stages during the policy term. These benefits can be used to meet important milestones in your child’s life, such as higher education expenses or starting a business venture.
Additionally, Jeevan Tarun also provides a risk cover throughout the policy term, ensuring that your child remains protected even in unforeseen circumstances. The plan allows you to choose from four different benefit options based on your unique requirements and preferences.
Furthermore, this plan ensures that if something unfortunate happens to you as a parent/guardian, there will still be financial support available for your child through regular annual income payments until maturity.
In essence, Jeevan Tarun not only offers long-term savings but also acts as a safety net for your child’s future aspirations. It combines protection with growth opportunities so that you can rest assured knowing that you are securing their dreams.
Jeevan Tarun Premium Chart
Jeevan Tarun Premium Chart is a valuable tool that helps individuals plan their financial goals and secure the future of their loved ones. This chart provides a comprehensive overview of the premium payments required for various coverage amounts, making it easier for policyholders to make informed decisions.
Using the Jeevan Tarun Premium Chart is simple and straightforward. It lists different age groups and coverage options, allowing you to easily find your desired plan. By referring to this chart, you can determine the premium amount based on your chosen coverage amount and age group.
One of the key benefits of Jeevan Tarun is its flexibility. The premium payment term can be selected as per your convenience – 10 years or up until the policyholder turns 20 years old. This ensures that you have ample time to save funds while securing your child’s future.
Additionally, Jeevan Tarun offers maturity benefits that are paid out at regular intervals starting from when your child reaches 20 years old until they turn 24. These payouts provide financial support during crucial stages of their life such as education or career establishment.
To purchase Jeevan Tarun, simply reach out to an authorized LIC agent who will guide you through the process. They will assist in selecting an appropriate coverage amount based on your needs and provide all necessary information about premiums and maturity benefits.
Having access to a detailed premium chart like Jeevan Tarun can significantly aid in planning for a secure future for your child. By understanding the premiums associated with different age groups and coverage options, you can make well-informed decisions that align with both your budgetary constraints and long-term goals
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How to Use the Jeevan Tarun Premium Chart
One of the key tools to help you navigate and understand your Jeevan Tarun policy is the premium chart. This chart provides valuable information about your premium payments, making it easier for you to plan and manage your finances.
To use the Jeevan Tarun premium chart effectively, start by locating the age at entry section. This will show you the different age brackets that correspond to specific premiums. Find your age at entry and move on to the next step.
Next, locate the policy term column in the premium chart. This will display various options for how long you wish to pay premiums for. Identify which policy term aligns with your preferences and note down its corresponding code.
Once you have both your age at entry and policy term codes, find them in their respective columns on the premium rate table. The intersection of these two codes will give you a clear indication of how much premium you need to pay annually or monthly.
By using this simple process, you can easily understand how much premium is required based on your age at entry and chosen policy term. It’s important to consult this chart regularly as it helps in financial planning while ensuring timely payment of premiums for uninterrupted coverage under Jeevan Tarun.
What are the Benefits of Jeevan Tarun?
Jeevan Tarun is a life insurance plan offered by the Life Insurance Corporation of India (LIC). This unique policy is designed specifically for children, providing them with financial security and ensuring their future needs are met. But what exactly are the benefits of Jeevan Tarun? Let’s take a closer look.
One of the main advantages of Jeevan Tarun is its flexible premium payment options. Parents or guardians can choose to pay premiums on an annual, half-yearly, quarterly, or monthly basis depending on their convenience. This flexibility ensures that they can easily manage their finances without any burden.
Additionally, Jeevan Tarun offers guaranteed survival benefits to the child at specific ages throughout the policy term. These benefits provide a lump sum amount which can be used for education expenses, starting a business, or any other important milestones in their life.
Furthermore, this policy also provides optional riders such as accidental death benefit and critical illness cover. These additional covers enhance the protection provided by Jeevan Tarun and ensure comprehensive coverage for your child’s future.
One noteworthy benefit of Jeevan Tarun is that it allows you to avail loans against the policy after completion of three years. This feature provides liquidity in times of need while still keeping your child’s future secure.
How to Purchase Jeevan Tarun
If you’re interested in purchasing Jeevan Tarun, here’s what you need to know. First and foremost, Jeevan Tarun is a life insurance policy offered by LIC (Life Insurance Corporation of India). It is specifically designed to secure the future of your child by providing financial protection and savings.
To purchase Jeevan Tarun, you can visit the official website of LIC or reach out to one of their authorized agents. They will guide you through the process and help you understand the various options available under this plan.
Before making a purchase decision, it’s important to evaluate your child’s needs and set realistic goals for their future. Consider factors like education expenses, marriage costs, career aspirations, etc., as these will determine the sum assured and premium amount.
Once you have chosen the desired coverage amount and premium payment term from the available options mentioned in the Jeevan Tarun Premium Chart PDF document provided by LIC, proceed with filling out an application form. Make sure to provide accurate details about yourself and your child as requested.
Afterwards, submit all necessary documents along with your completed application form at any LIC branch office or through their online portal if applicable. Ensure that all required paperwork is properly filled out and duly signed before submission.
Upon successful verification of documents and completion of other formalities such as medical tests (if applicable), LIC will issue a policy bond containing all relevant information about your Jeevan Tarun plan. Keep this document safe for reference purposes.
Remember that purchasing an insurance policy involves careful consideration based on personal circumstances. It is always recommended to consult with a financial advisor or LIC representative who can provide tailored advice specific to your needs before making any decisions regarding Jeevan Tarun or any other life insurance product for that matter.
So take some time to explore all aspects related to Jeevan Tarun before finalizing your purchase!
Conclusion
In this article, we have explored the features and benefits of Jeevan Tarun, a unique insurance plan offered by LIC. We have also discussed how to use the Jeevan Tarun Premium Chart effectively and provided insights into purchasing this policy.
Jeevan Tarun is an excellent choice for parents who wish to secure their child’s future financially. With its flexible premium payment options and multiple survival benefit payouts, it ensures that your child’s education, marriage, or other life goals are well taken care of.
By using the Jeevan Tarun Premium Chart PDF, you can easily calculate the premiums based on your desired sum assured and policy term. This makes it convenient to plan your budget and understand the financial commitment involved in securing your child’s future.
The benefits of Jeevan Tarun extend beyond just providing financial security. It also offers tax deductions under Section 80C of the Income Tax Act, making it a smart investment choice for parents.
To purchase Jeevan Tarun, you can reach out to LIC agents or visit their official website. They will guide you through the application process and help you choose the best-suited options for your child’s needs.
Remember that securing your child’s future is one of the most important responsibilities as a parent. By investing in Jeevan Tarun, you can provide them with a solid foundation for success while enjoying peace of mind knowing that they will be financially protected even when you are not around.
So why wait? Start planning today with Jeevan Tarun – because every step counts when it comes to shaping your child’s bright future!