LIC Jeevan Tarun 734 Calculator

What is the LIC Jeevan Tarun Policy Calculator?

The LIC Jeevan Tarun Plan 734 Calculator is a digital tool specifically designed to estimate the maturity benefits and premium payments based on your inputs. It helps buyers and policy advisors plan finances by providing quick calculations.

What does this calculator do?

• Calculates the premium amount

• Estimates the maturity benefit

• Estimates the death benefit

• Customization and Comparison

• Helps in financial planning

The LIC Jeevan Tarun plan is a child insurance plan by LIC of India, for parents who want to secure their children's educational and other financial needs in the future. The LIC Jeevan Tarun calculator, when provided the child's age, premium payment term, sum assured, and policy term, calculates the premium amount and maturity benefits of the plan. The LIC Jeevan Tarun (834) Premium Calculator provides a complete premium breakdown, including money-back and maturity options.

How Does The LIC Jeevan Tarun Calculator Work?

The LIC Jeevan Tarun calculator is user, friendly with only a few basic inputs needed:

• Specify the child's age: It should be between 30 days and 12 years.

• Choose the sum assured: The insurance cover can be selected from the minimum of 2, 00, 000.

• Select the policy term: The duration of the policy is a choice that you can make.

• Choose a premium payment mode: It can be yearly, half-yearly, quarterly, or monthly.

• Choose a benefit option: Decide on Option 1 (no survival benefits) or Option 2 (survival benefits during the policy term).

• Calculate: Press the calculate button to see the results.

It is a very handy tool to help you get an instant and clear picture of the policy benefits and premium commitments, thereby assisting you in making an informed decision.

How to Use LIC Jeevan Tarun Plan 734 Calculator?

Step 1: Visit the official LIC website

Step 2: Locate the How much You Need section in the page. Click on Calculate Premium

Step 3: Fill in the personal information details such as the life assured's name, date of birth, contact details, and gender. Press Next.

Step 4: Choose the LIC, Jeevan Tarun plan 734 from the list and click on Coverage.

Step 5: Here, provide the information regarding sum assured, policy term, premium paying term and the Survival benefit option, then click on “Quote”.

Just like the standard LIC Calculator, this also generates an illustration that lets the user view premium amounts, maturity amounts, survival benefits, etc.

To understand the working of the LIC Jeevan Tarun Policy, let us take an example and look at the premium payable under a plan.

Sum Assured: Rs. 5 Lakhs

Age of the Policyholder: 10 years

Premium Paying Term: 10 years

Policy Term: 15 years

Who is Eligible to Buy LIC Jeevan Tarun?

What are the Benefits of the LIC Jeevan Tarun 734 Calculator?

The calculator offered by the LIC of India provides several benefits, such as:

• Premium Calculation: It is a useful tool to figure out the premium amount of the LIC Jeevan Tarun policy based on several parameters such as age of children, premium payment period, sum assured, and policy term.

• Maturity Benefit Calculation: Predicts maturity benefits by considering various factors like the premium paid, bonuses, and any other benefits that may be applicable.

• Policy Customization: Provides flexibility so you can also experiment with different combinations of premium payment terms, sum assured, and policy terms to make the policy serve your financial goals and needs better.

• Time-saving and Convenience: It saves the user's time by instantly performing calculations that are based on the user's inputs. It is available online and requires very little supervision to use.

• Financial Planning: Helps in financial planning by making clear the premium commitment and the payouts at maturity thus it gives you all the information you need so that the policy may fit your overall financial plans and your child's future dreams.

Summing It Up:

LIC Jeevan Tarun calculator provides an estimation of the actual premium and the benefits of the plan. It is useful in making a well-considered choice of a policy by referring to one's financial objectives, income capability, and the benefits that one wants for the child's future.

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