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.Read more
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.
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.
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.
Enter the policy term, premium payment term, and the date of commencement of the policy.
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.
|Entry Age (Last Birthday) of Child
|Maturity Age (Last Birthday) of Child
|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
|Premium Paying Frequency
|Annual, half-yearly, quarterly, and monthly
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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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
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