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 the LIC Jeevan Tarun 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 734 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 maturity calculator, when provided with 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 734 Premium Calculator provides a complete premium breakdown, including money-back and maturity options.

What are the Features of the LIC Jeevan Tarun Plan?

LIC Jeevan Tarun 734 is a child plan that emphasises savings and security. It helps achieve crucial life goals, such as schooling and the early professional demands of your child. It offers disciplined savings with life protection, making it a sensible choice for forward-planning parents.

• Flexible Age of Entry for Children: The LIC Jeevan Tarun Calculator plan can be started for a child aged between 30 days and 12 years, thereby enabling early financial planning.

• Maturity Guaranteed at Age 25: The LIC Jeevan Tarun policy matures when a child reaches 25 years of age.

• Return of Money Option (Survival Benefits): The plan has annual rewards from ages 20 to 24, depending on the option selected.

• Multiple Options to Pay Premiums: Premiums can be paid annually, bi-annually, quarterly or monthly (via NACH).

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 basic 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 survivalbenefit 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.

Note: You can also add the Premium Waiver Benefit rider when using the calculator to see how it will affect your policy.

The LIC Jeevan Tarun Maturity Calculator is a very handy tool that helps 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.

Sample Example of Using LIC Jeevan Tarun 734 Calculator

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

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

The LIC Jeevan Tarun 734 calculator provides several benefits, such as:

Premium Calculation: LIC Jeevan Tarun calculator is a useful tool to check the premium amount of the LIC Jeevan Tarun policy on the basis of several parameters such as your children’s age, premium payment period, sum assured and policy term.

Maturity Benefit Calculation: The LIC Jeevan Tarun policy calculator predicts maturity benefits by considering various factors, such as the premium paid, bonuses, and any other benefits that may be applicable.

Policy Customization: The LIC Jeevan Tarun policy calculator provides flexibility that allows you to 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: LIC Jeevan Tarun 734 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: The LIC Jeevan Tarun plan calculator 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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