LIC Jeevan Tarun Calculator

LIC Jeevan Tarun Calculator is an online tool provided by LIC that helps calculate the premium, maturity benefits, and other important details of the LIC Jeevan Tarun policy. The calculator allows individuals to assess the financial commitment and benefits of the LIC Jeevan Tarun policy before purchasing. 

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What is LIC Jeevan Tarun Policy Calculator?

LIC Jeevan Tarun is designed to meet children's educational and other financial needs. The LIC Jeevan Tarun Maturity calculator considers factors such as the child's age, premium payment term, sum assured, and policy term to estimate the premium amount and the maturity benefits of the LIC Jeevan Tarun policy. The calculator helps individuals assess the financial commitment and benefits of the LIC Jeevan Tarun policy before purchasing.

What are the Benefits of the LIC Jeevan Tarun Calculator?

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

  • Premium Calculation: The calculator helps you calculate the premium amount for the LIC Jeevan Tarun policy based on various parameters such as the child's age, premium payment term, sum assured, and policy term. It gives you an estimate of the premium required for the desired benefits.

  • Maturity Benefit Calculation: The calculator estimates the maturity benefits expected from the LIC Jeevan Tarun policy. It considers factors such as the premium paid, bonuses, and other applicable benefits to give you an idea of the accumulated corpus at the end of the policy term.

  • Policy Customization: With the LIC Jeevan Tarun calculator, you can adjust different parameters and see how it impacts the premium amount and maturity benefits. You can explore various combinations of premium payment terms, sum assured, and policy terms to align the policy with your financial goals and requirements.

  • Comparison of Options: The calculator allows you to compare multiple options by adjusting the parameters and observing the resulting premium and maturity benefits. It helps you make an informed decision by evaluating different scenarios and selecting the most suitable option for your child's future financial needs.

  • Time-saving and Convenience: The calculator provides a quick and convenient way to assess the premium and benefits of the LIC Jeevan Tarun policy. Instead of manual calculations, the calculator streamlines the process and provides instant results, saving you time and effort.

  • Financial Planning: You can better plan your finances using the LIC Jeevan Tarun calculator. It helps you understand the premium commitment required and the potential maturity benefits, enabling you to align the policy with your overall financial goals and aspirations for your child's future.

How does the LIC Jeevan Tarun Calculator work?

This LIC Jeevan Tarun 934 premium and maturity calculator takes into account the following details to give you an accurate estimation:

  • Age at Entry

    You need to fill in the current age of the child.

  • Policy Details

    Enter the policy term, premium payment term, and the date of commencement of the policy.

  • Sum Assured

    Specify the sum assured, which is the minimum guaranteed amount that will be paid upon maturity or in the event of the insured's unfortunate demise.

Who are Eligible to Buy LIC Jeevan Tarun?

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

Summing It Up:

LIC Jeevan Tarun calculator provides approximate estimates, and the actual premium payable and benefits may vary based on individual factors and LIC's underwriting guidelines. It helps make an informed decision about the policy based on one's financial goals, budget, and the desired benefits for the child's future.

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