LIC Jeevan Tarun Plan 934 – A Smart Choice for Your Child’s Future
Planning for your child’s future is one of the most important financial decisions you can make. LIC Jeevan Tarun Plan 934 is a specially designed insurance plan that ensures financial security for your child’s education and other needs while providing life cover. Let’s explore the key features, benefits, and why this plan is an excellent choice for securing your child’s future.
What is LIC Jeevan Tarun Plan 934?
LIC Jeevan Tarun Plan 934 is a non-linked, participating, limited premium payment plan designed to provide financial support for children aged 0 to 12 years. It offers a combination of savings and protection to ensure a smooth financial journey for your child.
Key Features of LIC Jeevan Tarun Plan 934
- Age Eligibility: Entry age between 0 to 12 years.
- Policy Term: 25 years minus the entry age of the child.
- Premium Payment Term: Limited to either 5, 10, or 15 years, depending on the policyholder’s choice.
- Maturity Benefit: A lump sum amount is paid at the maturity of the policy.
- Survival Benefits: You can choose from four options for periodic payments starting at age 20 to cover educational expenses.
- Death Benefit: In case of the unfortunate demise of the life assured, the sum assured on death is paid.
- Participation in Profits: Eligible for bonus additions declared by LIC.
- Loan Facility: Available after the policy acquires surrender value.
Benefits of LIC Jeevan Tarun Plan 934
1. Financial Security for Your Child
The plan ensures that your child’s future remains financially secure even in your absence. The death benefit helps in covering major expenses if something happens to the policyholder.
2. Flexible Payout Options
You can choose how the survival benefits are paid to suit your child’s needs. The payouts help manage educational expenses without financial burden.
3. Maturity Benefit
On surviving the policy term, a lump sum amount is paid, ensuring a substantial corpus for higher education or other important life events.
4. Tax Benefits
Premiums paid under this plan qualify for tax deductions under Section 80C of the Income Tax Act, and the maturity benefits are tax-free under Section 10(10D).
Why Choose LIC Jeevan Tarun Plan 934?
- Trusted Brand: LIC is one of the most reliable insurance providers in India.
- Dual Benefit: The plan offers both life cover and financial planning for your child’s future.
- Affordable Premiums: Flexible premium payment terms make it accessible for a wide range of policyholders.
- Guaranteed Payouts: Ensures that your child’s future is never compromised due to financial instability.
How to Buy LIC Jeevan Tarun Plan 934?
- Visit the official LIC website or contact an LIC agent.
- Choose the sum assured and survival benefit option that best suits your child’s future needs.
- Complete the application form and submit necessary documents.
- Pay the premium as per the selected payment term.
- Receive the policy document and start securing your child’s future.
Conclusion
LIC Jeevan Tarun Plan 934 is an excellent investment for parents looking to secure their child’s future with a combination of savings and protection. With flexible premium payment terms, survival benefits, and tax advantages, this plan ensures that your child’s dreams are financially safeguarded.
Start planning today and invest in your child’s future with LIC Jeevan Tarun Plan 934!
